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Note 6 - Marketable Securities

9 Months Ended

Sep. 30, 2023

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

6)	MARKETABLE SECURITIES

During the three months ended September 30, 2023, FutureFuel held no marketable equity and trust preferred (debt) securities. The previous sale of these securities was recorded as a component of net income with a gain of $575 in the nine months ended September 30, 2023.

At December 31, 2022, FutureFuel had investments in certain marketable equity and trust preferred (debt) securities which had a fair market value of $37,126. These investments were classified as current assets in the consolidated balance sheet. The trust preferred securities held at December 31, 2022 were designated as being available-for-sale. Accordingly, these securities were recorded at fair value of $3,675.

In accordance with ASC 321, the change in the fair value of marketable equity securities (preferred and other equity instruments) is reported as a component of net income. The change in the fair value of marketable equity securities (preferred and other equity instruments) for the three and nine months ended September 30, 2022 was a loss of $602 and $7,940, respectively.

The aggregate fair value of debt securities with unrealized losses totaled $2,627 at December 31, 2022. Sales of debt securities were $0 in the nine months ended September 30, 2022.