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Note 6 - Marketable Securities

3 Months Ended

Mar. 31, 2022

Cash, Cash Equivalents, and Marketable Securities [Text Block]

6)	MARKETABLE SECURITIES

At March 31, 2022 and December 31, 2021, FutureFuel had investments in certain marketable equity and trust preferred (debt) securities which had a fair market value of $42,751 and $47,109, respectively. These investments are classified as current assets in the consolidated balance sheets.

The Company has designated the trust preferred securities as being available-for-sale. Accordingly, these securities were recorded at fair value of $3,839 and $3,902 at March 31, 2022 and December 31, 2021, respectively, with the unrealized gains of $163 and $226, net of taxes, as a component of stockholders' equity.

In accordance with ASC 321, the change in the fair value of marketable equity securities (preferred and other equity instruments) for the three months ended March 31, 2022 and 2021, was a loss reported as a component of net income in the amount of $4,100 and $1,765, respectively.

The aggregate fair value of debt securities with unrealized losses totaled $0 at March 31, 2022 and December 31, 2021.

The Company determined an allowance for credit losses for these debt securities was not necessary as of March 31, 2022. The large financial institutions have strong credit ratings with no recent history of defaulting on outstanding obligations, nor is the Company aware of any long-term credit risk related to delinquency under these obligations.

There were no sales of debt securities in the three months ended March 31, 2022 or 2021.

The debt securities held at March 31, 2022, had a contractual maturity of greater than ten years.