Investing Activities |
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| Investing Activities | Note 5. Investing Activities All securities are trading securities and are presented in the consolidated financial statements at fair value. For purposes of determining realized gains and losses, the cost of securities sold is based on specific identification. All unrealized and realized gains and losses, including interest and dividends from investing activities, are included in the consolidated statements of operations within gain (loss) on investments, net. We did not have any activity in marketable securities as of December 31, 2025 and December 31, 2024. We did not have any current marketable securities as of December 31, 2025 and December 31, 2024. Cost and fair value of noncurrent marketable securities as of December 31, 2025, and December 31, 2024, were as follows:
The noncurrent investments are in certain illiquid private equity funds. These equity funds are presented within the investments line on our consolidated balance sheets. The private equity funds invest in selected equity investments. Opportunities for redemption are limited and depend on locating another investor to purchase the interest that we desire to sell. As of December 31, 2025, and December 31, 2024, we had unfunded commitments to invest $1.3 million. During the years ended December 31, 2025, December 31, 2024, and December 31, 2023, we did not recognize a net gain or loss from the sale of trading securities. |
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