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Fair Value
 9 Months Ended
Sep. 30, 2022
Fair Value  
Fair Value

7. Fair Value

 

Solitario accounts for its financial instruments under ASC 820 Fair Value Measurement.  During the nine months ended September 30, 2022, 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, 2022:

 

(in thousands)

 

Level 1  

 

 

Level 2  

 

 

Level 3

 

 

Total  

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

 

$4,898

 

 

$-

 

 

$-

 

 

$4,898

 

Marketable equity securities

 

$953

 

 

$-

 

 

$-

 

 

$953

 

 

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, 2021:

 

(in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

 

$5,087

 

 

$-

 

 

$-

 

 

$5,087

 

Marketable equity securities

 

$1,307

 

 

$-

 

 

$-

 

 

$1,307

 

Vendetta Warrants

 

$-

 

 

$3

 

 

$-

 

 

$3