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Fair Value
 6 Months Ended
Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Fair Value

6.        Fair Value

 

Solitario accounts for its financial instruments under ASC 820. For certain of Solitario’s financial instruments, including cash and cash equivalents and payables, the carrying amounts approximate fair value due to their short-term maturities. Solitario’s short-term investments in USTS, and marketable equity securities are carried at their estimated fair value primarily based on quoted market prices. During the three and six months ended June 30, 2019 there were no reclassifications in financial assets or liabilities between Level 1, 2 or 3 categories.

 

The following is a listing of Solitario’s financial assets and liabilities required to be measured at fair value on a recurring basis and where they are classified within the hierarchy as of June 30, 2019:

 

(in thousands) Level 1   Level 2   Level 3 Total  
Assets        
  Short-term investments $8,714  $      -      $         -    $8,714 

 

  Marketable equity securities $1,196  $      -      -    $1,196 

 

The following is a listing of Solitario’s financial assets and liabilities required to be measured at fair value on a recurring basis and where they are classified within the hierarchy as of December 31, 2018:

 

(in thousands) Level 1 Level 2 Level 3 Total
Assets        
  Short-term investments $10,223  $   -    $  -    $10,223 
  Marketable equity securities $  1,585  $   -    $  -    $  1,585