Quarterly report pursuant to Section 13 or 15(d)

Investments

v3.20.1
Investments
3 Months Ended
Mar. 31, 2020
Investments, All Other Investments [Abstract]  
Investments

Note 7. Investments

 

Coinsquare

 

As of March 31, 2020 and December 31, 2019 the investment in Coinsquare Ltd. (“Coinsquare”) totaled approximately $9.4 million. The Company determined there were no indicators that would cause an impairment of the Coinsquare investment, and therefore, considered the cost of the investment to not exceed the fair value of the investment and did not observe price changes.

 

Verady

 

The investment in Verady, Inc. (“Verady”) is valued at cost, less any impairment, plus or minus changes resulting from observable price changes. During the three months ended March 31, 2020 the investment in Verady totaled approximately $0.2 million, and the Company determined there were no indicators that would cause an impairment. There were no price changes in orderly transactions for identical or similar investments in Verady.

 

Tess

 

As of March 31, 2020 and December 31, 2019, the fair value of the TessPay Inc. shares owned by the Company is approximately $0.1 million, calculated based upon the April 10, 2019 funding price.