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Fair Value
 3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
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, CD’s, and marketable equity securities are carried at their estimated fair value primarily based on quoted market prices. During the three months ended March 31, 2021 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 March 31, 2021:

 

(in thousands)   Level 1      Level 2      Level 3     Total   
Assets                        
  Short-term investments   $ 4,835     $ -     $ -     $ 4,835  
  Marketable equity securities   $ 1,433     $ -     $ -     $ 1,433  
  Vendetta Warrants   $ -     $ 46     $ -     $ 46  

 

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, 2020:

 

(in thousands)   Level 1     Level 2     Level 3     Total  
Assets                        
  Short-term investments   $ 5,798     $ -     $ -     $ 5,798  
  Marketable equity securities   $ 1,620     $ -     $ -     $ 1,620  
  Vendetta Warrants   $ -     $ 49     $ -     $ 49