Schedule of Fair Value, Assets Measured on Recurring Basis |
The following table presents the asset reported in the consolidated balance sheet measured at its fair value on a recurring basis as of December 31, 2023 and 2022 by level within the fair value hierarchy:
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Quoted prices in active markets for identical assets |
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Significant other observable inputs |
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Significant unobservable inputs |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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Unrealized gain (loss) |
December 31, 2023 |
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Recurring fair value measurements |
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Available-for-sale equity securities |
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EuroSite Power Inc. |
$ |
93,744 |
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$ |
— |
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$ |
93,744 |
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$ |
— |
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$ |
— |
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Total recurring fair value measurements |
$ |
93,744 |
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$ |
— |
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$ |
93,744 |
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$ |
— |
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$ |
— |
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December 31, 2022 |
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Recurring fair value measurements |
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Available-for-sale equity securities |
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EuroSite Power Inc. |
$ |
93,744 |
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$ |
— |
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$ |
93,744 |
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$ |
— |
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$ |
18,749 |
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Total recurring fair value measurements |
$ |
93,744 |
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$ |
— |
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$ |
93,744 |
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$ |
— |
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$ |
18,749 |
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The following table summarizes changes in Level 2 assets which are comprised of marketable equity securities for the years ended December 31, 2023 and 2022:
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Fair value at December 31, 2021 |
$ |
74,995 |
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Unrealized gain |
18,749 |
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Fair value at December 31, 2022 |
$ |
93,744 |
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Fair value at December 31, 2022 |
$ |
93,744 |
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Unrealized gain |
— |
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Fair value at December 31, 2023 |
$ |
93,744 |
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The following table presents the liability reported in the consolidated balance sheet measured at its fair value on a recurring basis as of December 31, 2023 and 2022 by level within the fair value hierarchy:
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|
Quoted prices in active markets for identical assets |
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Significant other observable inputs |
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Significant unobservable inputs |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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Total gains (losses) |
December 31, 2023 |
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Recurring fair value measurements |
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Contingent contract consideration |
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Current |
$ |
200,639 |
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$ |
— |
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$ |
— |
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$ |
200,639 |
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$ |
— |
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Long-term |
994,743 |
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— |
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— |
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994,743 |
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— |
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Total recurring fair value measurements |
$ |
1,195,382 |
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$ |
— |
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$ |
— |
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$ |
1,195,382 |
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$ |
— |
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