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Fair Value
 9 Months Ended
Sep. 30, 2021
Fair Value  
8. Fair Value

8. Fair Value

 

Solitario accounts for its financial instruments under ASC 820 Fair Value Measurement. During the three months ended September 30, 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 September 30, 2021:

 

(in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

 

$3,884

 

 

$-

 

 

$-

 

 

$3,884

 

Marketable equity securities

 

$1,226

 

 

$-

 

 

$-

 

 

$1,226

 

Vendetta Warrants

 

$-

 

 

$7

 

 

$-

 

 

$7

 

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