Note 7. Investments in Marketable Equity Securities

On June 28, 2022, the Company sold 800,000 shares of Mogo Inc. (“Mogo”) at a net sales price of $0.88 per share, received proceeds of approximately $0.7 million and recognized a realized loss of approximately $1.6 million. During the three months ended September 30, 2022, the Company recorded an unrealized gain of approximately $0.1 million and during the nine months ended September 30, 2022, recorded an unrealized loss of $6.3 million on the remaining 2.4 million shares of Mogo, based on the closing price per share of Mogo common stock on the Nasdaq Stock Market on September 30, 2022 of $0.92. During the three and nine months ended September 30, 2021, the Company recorded unrealized losses of $11.2 million and $10.8 million, respectively, on its original 3.2 million shares of Mogo. The daily share price of Mogo is extremely volatile and the value may be more or less than the amount recorded as of September 30, 2022.