XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.24.3

INVESTMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 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):
| September 30, 2024
| Cost |  | Unrealized Gains (Losses) |  | Accrued Interest |  | Estimated Fair Value |  | Cash & Cash Equivalents |  | Investment Securities
Cash and cash equivalents, excluding money market accounts | $ | 110,296 |  | $ | — |  | $ | — |  | $ | 110,296 |  | $ | 110,296 |  | $ | —
Level 1: |  |  |  |  |  |  |  |  |  |  |
Money market accounts | 5,011 |  | — |  | — |  | 5,011 |  | 5,011 |  | —
Government & agency securities | 16,600 |  | 118 |  | 114 |  | 16,832 |  | — |  | 16,832
Equity securities | 10,000 |  | (3,584) |  | — |  | 6,416 |  | — |  | 6,416
| 31,611 |  | (3,466) |  | 114 |  | 28,259 |  | 5,011 |  | 23,248
Level 2: |  |  |  |  |  |  |  |  |  |  |
Corporate bonds | 30,742 |  | 344 |  | 314 |  | 31,400 |  | — |  | 31,400
Total | $ | 172,649 |  | $ | (3,122) |  | $ | 428 |  | $ | 169,955 |  | $ | 115,307 |  | $ | 54,648
| 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 nine months ended September 30, 2024 and 2023 are summarized in the table below (in thousands):
| Three months ended September 30,
| 2024 |  | 2023
Net losses recognized during the period on equity securities | $ | (1,984) |  |  | $ | — |
Less: Net losses recognized on equity securities sold | — |  |  | — |
Unrealized losses recognized during the reporting period on equity securities still held at the reporting date | $ | (1,984) |  |  | $ | — |
| Nine months ended September 30,
| 2024 |  | 2023
Net losses recognized during the period on equity securities | $ | (3,734) |  |  | $ | — |
Less: Net losses recognized on equity securities sold | — |  |  | — |
Unrealized losses recognized during the reporting period on equity securities still held at the reporting date | $ | (3,734) |  |  | $ | — |

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