Annual report pursuant to Section 13 and 15(d)

Investments in Marketable Equity Securities and Long-term Investments (Tables)

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Investments in Marketable Equity Securities and Long-term Investments (Tables)
12 Months Ended
Dec. 31, 2021
Investments, All Other Investments [Abstract]  
Schedule of Fair Value Shares

As of December 31, 2019, the Company evaluated its remaining interest in Tess under the guidance of ASU 2016-01 and determined it should remeasure its retained interest at fair value upon deconsolidation to establish a new cost basis. As of December 31, 2021 and 2020, the fair value of the Tess shares owned by the Company is approximately $0.1 million, calculated based upon the April 10, 2019 funding price as follows:

Tess shares held by Riot Blockchain, Inc.

2,708,333

Per share fair value

$

0.03

Fair value of Tess shares held by Riot Blockchain, Inc.

$

90