XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

INVESTMENTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Investments, All Other Investments [Abstract] |
Schedule of Cash and Financial Assets Measured at Fair Value on a Recurring Basis | The following tables present the Company’s cash and financial assets that are measured at fair value on a recurring basis for each of the hierarchy levels (in thousands):
| June 30, 2024
| Cost |  | Unrealized Gains (Losses) |  | Accrued Interest |  | Estimated Fair Value |  | Cash & Cash Equivalents |  | Investment Securities
Cash and cash equivalents, excluding money market accounts | $ | 102,982 |  | $ | — |  | $ | — |  | $ | 102,982 |  | $ | 102,982 |  | $ | —
Level 1: |  |  |  |  |  |  |  |  |  |  |
Money market accounts | 5,034 |  | — |  | — |  | 5,034 |  | 5,034 |  | —
Government & agency securities | 16,128 |  | (42) |  | 74 |  | 16,160 |  | — |  | 16,160
Equity Securities | 10,000 |  | (1,600) |  | — |  | 8,400 |  | — |  | 8,400
| 31,162 |  | (1,642) |  | 74 |  | 29,594 |  | 5,034 |  | 24,560
Level 2: |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | 30,577 |  | 79 |  | 273 |  | 30,929 |  | — |  | 30,929
Total | $ | 164,721 |  | $ | (1,563) |  | $ | 347 |  | $ | 163,505 |  | $ | 108,016 |  | $ | 55,489
| December 31, 2023
| Cost |  | Unrealized Gains |  | Accrued Interest |  | Estimated Fair Value |  | Cash & Cash Equivalents |  | Investment Securities
Cash and cash equivalents, excluding money market accounts | $ | 88,778 |  | $ | — |  | $ | — |  | $ | 88,778 |  | $ | 88,778 |  | $ | —
Level 1: |  |  |  |  |  |  |  |  |  |  |
Money market accounts | 5,662 |  | — |  | — |  | 5,662 |  | 5,662 |  | —
Government & agency securities | 15,282 |  | 126 |  | 40 |  | 15,448 |  | — |  | 15,448
Equity Securities | 10,000 |  | 150 |  | — |  | 10,150 |  | — |  | 10,150
| 30,944 |  | 276 |  | 40 |  | 31,260 |  | 5,662 |  | 25,598
Level 2: |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | 29,440 |  | 293 |  | 270 |  | 30,003 |  | — |  | 30,003
Total | $ | 149,162 |  | $ | 569 |  | $ | 310 |  | $ | 150,041 |  | $ | 94,440 |  | $ | 55,601
Schedule of Investment Losses | The losses related to the Company’s LifeMD investment for the three and six months ended June 30, 2024 and 2023 are summarized in the table below (in thousands):
| Three months ended June 30,
| 2024 |  | 2023
Net losses recognized during the period on equity securities | $ | (4,188) |  |  | $ | — |
Less: Net losses recognized on equity securities sold | — |  |  | — |
Unrealized losses recognized during the reporting period on equity securities still held at the reporting date | $ | (4,188) |  |  | $ | — |
| Six months ended June 30,
| 2024 |  | 2023
Net losses recognized during the period on equity securities | $ | (1,750) |  |  | $ | — |
Less: Net losses recognized on equity securities sold | — |  |  | — |
Unrealized losses recognized during the reporting period on equity securities still held at the reporting date | $ | (1,750) |  |  | $ | — |

X
- Definition Tabular disclosure of realized and unrealized gain (loss) on investment in security. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAllOtherInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration