| Schedule of Other Operating Cost and Expense, by Component |
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Three Months Ended |
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Six Months Ended
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June 30, 2022 |
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June 30, 2021 |
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June 30, 2022 |
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June 30, 2021 |
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| Gain (Loss) on Warrant Revaluation (a) |
|
$ |
227 |
|
|
$ |
119 |
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|
$ |
269 |
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|
$ |
(317 |
) |
| Loss on Foreign Exchange (b) |
|
|
(1,073 |
) |
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|
(5 |
) |
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|
(1,262 |
) |
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|
(7 |
) |
| Loss on Marketable Securities Investments (c) |
|
|
(44 |
) |
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|
– |
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|
|
(123 |
) |
|
|
– |
|
| Gain (Loss) on Revaluation of Equity Investment in YFE(d) |
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|
(2,494 |
) |
|
|
– |
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|
|
2,901 |
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|
|
– |
|
| Interest Income (e) |
|
|
253 |
|
|
|
75 |
|
|
|
501 |
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|
|
122 |
|
| Warrant Incentive Expense (f) |
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|
– |
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|
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– |
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– |
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|
|
(69,139 |
) |
| Interest Expense (g) |
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|
(418 |
) |
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|
(9 |
) |
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(473 |
) |
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(18 |
) |
| Net Other Income (Expense) |
|
$ |
(3,549 |
) |
|
$ |
180 |
|
|
$ |
1,813 |
|
|
$ |
(69,359 |
) |
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(a) |
The gain (loss) on warrant revaluation is related to the change in fair value of outstanding warrants that were determined to be derivative liabilities attached to previously issued and converted convertible notes. |
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(b) |
For the three and six months ended June 30, 2022 loss on foreign exchange primarily relates to the foreign exchange loss on the investment in YFE’s equity securities accounted for under the fair value option. For the three and six months ended June 30, 2021 loss on foreign exchange related to foreign currency denominated monetary transactions. |
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(c) |
The Company started investing in marketable securities during the three months ended June 30, 2021. The net realized loss on marketable securities recognized during the three and six months ended June 30, 2022 reflects the loss in the investments in available-for-sale securities that will not be recovered due to prepayments of principals on certain mortgage-backed securities. The Company did not incur any realized losses on marketable securities during the three and six months ended June 30, 2021. |
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(d) |
The gain (loss) on revaluation of the equity investment in YFE is the change in fair value recognized on the Company’s investments in YFE accounted for using the fair value option. The gain (loss) is a result of the change in YFE’s stock price at the end of the current reporting period. |
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(e) |
Interest Income received during the three and six months ended June 30, 2022 and 2021 primarily consists of cash interest received on the investments in marketable securities, net amortization of premiums. |
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(f) |
The Warrant Incentive Expense is related to the fair value of new warrants that were issued in 2021 to certain existing warrant holders in exchange for previously issued outstanding warrants. |
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(g) |
Interest expense during the three and six months ended June 30, 2022 primarily consists of $0.2 million of interest incurred on the Company’s margin loan collateralized by its marketable security investments and $0.3 million of interest incurred on its production facilities loan and bank indebtedness assumed as part of the Wow Acquisition. |