XML 45 R12.htm IDEA: XBRL DOCUMENT v3.26.1
Investments in Equity and Marketable Securities
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Investments in Equity and Marketable Securities Investments in Equity and Marketable Securities
The Company records both marketable securities and equity method investments at fair value. The Company has classified these investments on the Company’s consolidated balance sheets as marketable securities.
The following table summarizes the changes in fair value of the Company’s investment in equity securities as of December 31, 2025 and December 31, 2024:
December 31, 2025December 31, 2024
Balance, beginning of year$24,883 $19,933 
Investment in publicly traded companies34,396 9,798 
Divestment of publicly traded companies(11,151)(548)
Fair value loss on marketable securities(5,681)(2,711)
Foreign exchange gain (loss) translation1,144 (1,589)
Balance, end of year43,591 24,883 
Noncurrent marketable securities- (837)
Current marketable securities$43,591 $24,046 

During the year ended December 31, 2025, the company purchased an additional 32,863,144 shares and 1,214,853 warrants to purchase common stock of an investment and disposed of 6,969,770 shares and 3,681,372 warrants related to investments held as of December 31, 2024. As of December 31, 2025, the remaining shares and warrants are carried at a fair value of $43,591. These companies are publicly traded.
During the year ended December 31, 2024, the company purchased an additional 15,158,426 shares and 3,681,372 warrants to purchase common stock of an investment and disposed of 11,508,250 shares related to investments held as of December 31, 2023. As of December 31, 2024, the remaining shares and warrants are carried at a fair value of $24,046. These companies are publicly traded.
The realized gains on marketable securities sold during the years ended December 31, 2025 and 2024 was $9,613 and $248, respectively. The unrealized loss on marketable securities for the years ended December 31, 2025 and 2024 was $5,681 and $2,711, respectively.