XML 37 R27.htm IDEA: XBRL DOCUMENT v3.22.2.2
EQUITY SECURITIES (Tables)
9 Months Ended
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Equity Securities Ownership Interest The following table includes our equity securities accounted for under the equity method and related ownership interest as of September 30, 2022:
Ownership
interest
Medici Ventures, L.P.99%
tZERO Group, Inc.29%
SpeedRoute, LLC49%
Equity Method Investments
The following table summarizes the net loss recognized on equity method securities recorded in Other expense, net in our consolidated statements of operations (in thousands):

Three months ended
September 30, 2022
Nine months ended
September 30, 2022
Net loss recognized on our proportionate share of the net loss of our equity method securities$(17,231)$(20,979)
Decrease in fair value of equity method securities held under fair value option(29,413)(28,248)
Equity Method Investments, Summarized Financial Information
The following is unaudited summarized financial information for tZERO (in thousands):

Three months ended
September 30, 2022
Nine months ended
September 30, 2022
Results of Operations
Revenues$732 $2,292 
Pre-tax loss(19,292)(32,739)
Net loss(19,362)(32,558)