Annual report pursuant to Section 13 and 15(d)

Marketable Securities

v3.24.1.u1
Marketable Securities
 12 Months Ended
Dec. 30, 2023
Marketable Securities [Abstract]  
Marketable Securities
Note 10: Marketable Securities
Marketable securities consist of the following (in $000’s, except shares):
Series G Convertible Preferred Shares Common Shares Equivalent Amount
Beginning balance, January 1, 2022 — $ — 
Securities received — 30,000,000 946 
Mark-to-market — (631)
Beginning balance, December 31, 2022 — 30,000,000 315
Securities received 9,224 922,442,000 $ 897 
Mark-to-market — $ (926)
Ending balance, December 30, 2023 9,224 952,442,000 $ 286 
Marketable securities reflect shares of SPYR stock received by the Company in connection with the sale of GeoTraq. See Note 5. Quarterly interest payments may be remitted in either restricted shares of common stock or restricted shares of Series G Convertible Preferred Stock of SPYR, or in cash. Shares of Series G Convertible Preferred Stock are convertible into the SPYR’s common shares at a ratio of 1:100,000. Shares held are marked to fair market value as of each balance sheet date, with the resulting change recorded as an unrealized gain or loss. For the year ended December 30, 2023, the Company received 9,224 shares of Series G Convertible Preferred Stock, which are convertible into approximately 922.4 million shares of SPYR’s common stock. For the year ended December 31, 2022, the Company received 30 million shares of SPYR’s common stock. Unrealized loss was approximately $926,000 and $631,000 for the years ended December 30, 2023 and December 31, 2022, respectively.