Quarterly report pursuant to Section 13 or 15(d)

Supplemental Financial Statement Information (Tables)

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Supplemental Financial Statement Information (Tables)
 3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Expense, net
Components of Other Expense, net, are summarized as follows (in thousands):
Three Months Ended March 31,
2024 2023
Interest Expense (a) $ (203) $ (1,085)
Gain on Revaluation of Warrants (b) $ 37  $ 139 
Loss on Revaluation of Equity Investment in YFE (c) –  (895)
Realized Loss on Marketable Securities Investments (d) (141) (1,537)
Gain (Loss) on Foreign Exchange (e) (650) 320 
Interest Income (f) 53  310 
Finance Lease Interest Expense (g) (30) (50)
Other (h) 164  1 
Other Expense, net
 $ (567) $ (1,712)
(a)
Interest Expense during the three months ended March 31, 2024 primarily consisted of $0.1 million of interest incurred on the production facilities and $0.1 million of interest incurred on bank indebtedness.
(b)
The Gain on Revaluation of Warrants during the three months ended March 31, 2024 is primarily related to the changes in fair value of the remaining outstanding warrant classified as a liability due to decreases in market price.
(c)
As accounted for using the fair value option, the Loss on Revaluation of Equity Investment in YFE is a result of the increases or decreases in YFE’s stock price as of the current reporting period when compared to the prior reporting period. This excludes the impact of foreign currency recorded separately. The stock price of YFE as of March 31, 2024 did not change from the prior period.
(d) The Realized Loss on Marketable Securities Investments reflects the loss that will not be recovered from the investments due to selling securities prior to maturity.
(e)
The Gain (Loss) on Foreign Exchange during the three months ended March 31, 2024 primarily related to the revaluation of the YFE investment, resulting in a loss of $0.4 million due to the EURO fluctuation to USD as compared to the prior reporting period. The remaining balance is related to remeasurements of transactions made in foreign currencies that are outstanding as of the balance sheet date.
(f)
Interest Income during the three months ended March 31, 2024 primarily consisted of interest income, net of premium amortization expense, recorded for the investments in marketable securities.
(g) The Finance Lease Interest Expense represents the interest portion of the finance lease obligations for equipment purchased under an equipment lease line.
(h)
Other Income is primarily related to late fees from select clients on a payment plan.