LGL GROUP INC
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 13, 2024
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Investments
4. Investments
Marketable Securities
Details of marketable securities held as of* June 30, 2024* and* December 31, 2023* are as follows:
| Cumulative | |||
|---|---|---|---|
| Unrealized | |||
| Fair Value | Basis | (Loss) Gain | |
| Equity securities | $18 | $34 | $(16) |
| Total | $18 | $34 | $(16) |
| Cumulative | |||
|---|---|---|---|
| Unrealized | |||
| Fair Value | Basis | (Loss) Gain | |
| Equity securities | $22 | $34 | $(12) |
| Total | $22 | $34 | $(12) |
Net Investment Income
Net investment income represents income primarily from the following sources:
| • | Income earned from investments in money market funds (recorded in Cash and cash equivalents) |
| • | Dividends received from Marketable securities |
| • | Income from unconsolidated or equity method investments |
The following table presents the components of Net investment income:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Interest on cash and cash equivalents | $538 | $275 | $1,037 | $473 |
| Net investment income | $538 | $275 | $1,037 | $473 |
Net Gains (Losses)
Net gains and losses are determined by specific identification. The net realized gains and losses are generated primarily from the following sources:
| • | Realized gains and losses from investments in Marketable securities |
| • | Changes in the fair value of investments in Marketable securities |
The following table presents the components of Net gains (losses):
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Marketable securities | $(1) | $43 | $(4) | $388 |
| Net (losses) gains | $(1) | $43 | $(4) | $388 |
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