LGL GROUP INC
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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Investments
4. Investments
Marketable Securities
Details of marketable securities held as of* December 31, 2024and2023* are as follows:
| Cumulative | |||
|---|---|---|---|
| Unrealized | |||
| Fair Value | Basis | (Loss) Gain | |
| Equity securities | $17 | $34 | $(17) |
| Total | $17 | $34 | $(17) |
| Cumulative | |||
|---|---|---|---|
| Unrealized | |||
| Fair Value | Basis | (Loss) Gain | |
| Equity securities | $22 | $34 | $(12) |
| Total | $22 | $34 | $(12) |
60
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:
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Interest on cash and cash equivalents | $2,070 | $1,566 |
| Dividends on marketable securities | 1 | — |
| Net investment income | $2,071 | $1,566 |
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 and losses from investments in Marketable securities |
| • | Changes in the fair value of investments in Marketable securities |
| • | Changes in the fair value of derivatives |
The following table presents the components of Net gains (losses):
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Marketable securities (a) | $(5) | $384 |
| Net (losses) gains | $(5) | $384 |
| (a) | During 2023, the Company sold its investments in mutual funds managed by GAMCO Investors, Inc. as well as 198,250 shares of IronNet, Inc. |
|---|
Sales of Affiliated Mutual Funds
During2023, the Company sold its investments in the mutual funds managed by GAMCO Investors, Inc. The dispositions resulted in gross proceeds of $16,886 and a net gain recorded in the Consolidated Statements of Operations of $370.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.