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Fair Value of Financial Instruments (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Fair Value of Financial Instruments [Abstract]

Schedule of Fair Value of Assets

The Company’s assets measured at fair value consisted of the following at June 30, 2023 and December 31, 2022:

		Fair Value at June 30, 2023
		Total			Level 1			Level 2			Level 3
Assets:
Investments in equity securities			1,414			1,403			—			11
Total assets		$	1,414		$	1,403		$	—		$	11

		Fair Value at December 31, 2022
		Total			Level 1			Level 2			Level 3
Assets:
Investments in equity securities			330			319			—			11
Total assets		$	330		$	319		$	—		$	11

The Company’s assets measured at fair value consisted of the following at December 31, 2022 and December 31, 2021:

		Fair Value at December 31, 2022
		Total Fair Value			Level 1 – Quoted Prices in Active Markets for Identical Assets			Level 2 – Significant Other Observable Inputs			Level 3 – Significant Unobservable Inputs
Assets:
Short-term investments		$	—		$	—		$	—		$	—
Investments in equity securities			330			319			—			11
Total assets		$	330		$	319		$	—		$	11

		Fair Value at December 31, 2021
		Total Fair Value			Level 1 – Quoted Prices in Active Markets for Identical Assets			Level 2 – Significant Other Observable Inputs			Level 3 – Significant Unobservable Inputs
Assets:
Related party loan-held for sale (net)		$	—		$	—		$	—		$	—
Short-term investments			43,125			43,125			—			—
Investments in equity securities			1,838			—			—			1,838
Total assets		$	44,963		$	43,125		$	—		$	1,838

Schedule of Reconciliation of Assets for Level 3 Investments for Which Significant Unobservable Inputs

The following table is a reconciliation of assets for Level 3 investments for which significant unobservable inputs were used to determine fair value for the three months ended June 30, 2023:

		Level 3
Level 3 Investments
Balance at January 1, 2023		$	11
Unrealized loss on equity securities			—
Balance at June 30, 2023		$	11

The following table is a reconciliation of assets for Level 3 investments for which significant unobservable inputs were used to determine fair value for the year ended December 31, 2022 (in thousands):

		Level 3
Level 3 Investments
Balance at beginning of year		$	1,838
Transfers in – FOXO Technologies, Inc. convertible note			6,050
Transfers in – FOXO Technologies, Inc. original issue discount on convertible note			(550	)
Amortization of original issue discount on convertible note			206
Change in fair value on debt securities			791
Transfers out – FOXO Technologies, Inc. conversion of note to marketable equity securities			(6,497	)
Unrealized loss on equity securities			(1,827	)
Balance at end of year		$	11

		Level 3
Level 3 Investments
Balance at beginning of year		$	—
Transfers in-Sysorex Securities Settlement Agreement
Benefit (provision) for valuation allowance on related party loan – held for sale			7,461
Interest income (expense), net			1,627
Gain on related party loan held for sale			49,817
Unrealized loss on equity securities			(57,067	)
Balance at end of year		$	1,838

X

- Definition

Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

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No definition available.

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