Annual report pursuant to Section 13 and 15(d)

Financial Instruments (Tables)

v3.23.1
Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Text Block [Abstract]  
Summary of fair value hierarchy of Company's financial assets and financial liabilities
The following table summarizes the fair value hierarchy for the Company’s financial assets and financial liabilities that are
re-measured
at their fair values periodically:
 
    
As of December 31, 2022
    
As of De
cember 31, 2021

 
    
Level 1
    
Level 2
    
Level 3
    
Total
    
Level 1
    
Level 2
    
Level 3
    
Total
 
Financial assets
                                                                       
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Long term investments
other
(1)
   $ 130      $ —        $ —       
$
130
 
   $ 568      $ —        $ —       
$
568
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Financial liabilities
                                                                       
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Derivative liabilities
   $ —        $ —        $ —       
$
—  
 
   $ —        $ —        $ 16     
$
16
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
(1)
Long-term investments – other are included in the investments balance on the consolidated balance sheets.
Summary of changes in level one finnacial assets
The following table summarizes the changes in Level 1 financial assets:
 

 
  
Financial Assets
 
Balance as of December 31, 2020
  
 
512
 
Revaluations on Level 1 instruments
  
 
56
 
    
 
 
 
Balance as of December 31, 2021
  
$
568
 
Revaluations on Level 1 instruments
  
 
(438
    
 
 
 
Balance as of December 31, 2022
  
$
130
 
    
 
 
 
Summary of changes in level three financial assets and liabilities
The following table summarizes the changes in Level 3 financial liabilities:
 
    
Derivative Liabilities
 
Balance as of December 31, 2020
  
 
245
 
Revaluations on Level 3 instruments
     (229
    
 
 
 
Balance as of December 31, 2021
  
$
16
 
Revaluations on Level 3 instruments
     (16
    
 
 
 
Balance as of December 31, 2022
  
$
—  
 
    
 
 
 
Summary of long-term debt instruments at their carrying value and fair value
The following table summarizes the Company’s long-term debt instruments (Note 9) at their carrying value and fair value:
 
 
  
As of December 31, 2022
 
  
As of December 31, 2021
 
 
  
Carrying
Value
 
  
Fair Value
 
  
Carrying
Value
 
  
Fair Value
 
June Unsecured Debentures
   $ 16,175      $ 14,787      $ 57,171      $ 64,596  
June Secured Debentures
     116,340        103,612        134,902        176,487  
Secured Notes
     13,852        13,694        —          —    
Other
     945        819        1,307        1,021  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
  
$
147,312
 
  
$
132,912
 
  
$
193,380
 
  
$
242,104