v3.26.1
Investments (Tables)
6 Months Ended
Jun. 30, 2026
Investments [Abstract]  
Schedule of Fair Value and Changes in Fair Value

The following table sets forth the fair value as of June 30, 2026 and December 31, 2025, and the change in fair value in the six months ended June 30, 2026 (in thousands):

 

Investment in convertible bond

 

June 30, 2026

 

 

December 31, 2025

 

Balance, beginning of period

 

$

12,604

 

 

$

15,037

 

Sales of convertible bond

 

 

(2,580

)

 

 

(2,172

)

Net loss on investment in convertible bond

 

 

(115

)

 

 

(177

)

Change in fair value included in the statement of other comprehensive loss

 

 

(1,218

)

 

 

(84

)

Balance, end of period

 

$

8,691

 

 

$

12,604

 

Schedule of Fair Value Based upon Assumptions

The fair values as of June 30, 2026 and December 31, 2025 were based upon following assumptions:

 

 

June 30, 2026

 

December 31, 2025

Principal outstanding (South Korean won)

 

KRW 13.2 billion

 

KRW 17.0 billion

Stock price

 

KRW 2,425

 

KRW 917

Expected life (in years)

 

4.30

 

4.79

Selected yield

 

18.00%

 

13.50%

Expected volatility (Telcon common stock)

 

74.71%

 

67.04%

Risk-free interest rate (South Korea government bond)

 

3.88%

 

3.21%

Expected dividend yield

 

 

Conversion price

 

KRW3,465(US$2.25)

 

KRW1,000(US$0.69)