Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis The following tables presents the asset reported in "other assets" in the consolidated balance sheet measured at its fair value on a recurring basis as of March 31, 2021 and 2020 by level within the fair value hierarchy.
March 31, 2021 Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs
Total Level 1 Level 2 Level 3
Description
Recurring fair value measurements
Marketable equity securities
EuroSite Power Inc. $ 149,990  $ —  $ 149,990  $ — 
Total recurring fair value measurements $ 149,990  $ —  $ 149,990  $ — 
March 31, 2020 Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs
Total Level 1 Level 2 Level 3
Description
Recurring fair value measurements
Marketable equity securities
EuroSite Power Inc. $ 196,806  $ —  $ 196,806  $ — 
Total recurring fair value measurements $ 196,806  $ —  $ 196,806  $ — 
Schedule of Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings The following table summarizes changes in Level 2 assets which are comprised of marketable equity securities for the periods ended March 31, 2021 and 2020:
Fair value at December 31, 2020 $ 118,084 
Sale of 93,187 shares (5,591)
Unrealized gain included in net income for the three months ended March 31, 2021 37,497 
Fair value at March 31, 2021 $ 149,990 
Fair value at December 31, 2019 $ 216,487 
Unrealized loss included in net income for the three months ended March 31, 2020 (19,681)
Fair value at March 31, 2020 $ 196,806 
During the three months ended March 31, 2021, we received net proceeds of $11,637 from the sale of 93,187 shares of Eurosite Power, Inc. common stock, and recognized a realized gain of $6,046 which is included in the Consolidated Statement of Operations.