A-Mark Precious Metals, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Long-Term Investments

Long-Term Investments

12 Months Ended

Jun. 30, 2021

9. LONG-TERM INVESTMENTS

As of June 30, 2021, the Company had five investments in privately-held entities. The Company has determined that it is appropriate to account for four of these investments under the equity method of accounting, and the remaining investment under the cost-basis method of accounting.

The following table shows the carrying value and ownership percentage of the Company's investment in each entity:

	June 30, 2021							June 30, 2020
Entity	Carrying Value				Ownership Percentage			Carrying Value		Ownership Percentage
	(in thousands)							(in thousands)
Company A	$	3,795				7.4	%	$	2,529		7.4	%
JMB (formerly company B)		—	⁽¹	⁾		0.0	%		13,296		20.6	%
Company C		1,940	⁽²	⁾		10.0	%		938		10.0	%
Company D		10,499				44.9	%		—		0.0	%
Company E		233				33.3	%		—		0.0	%
Company F		2,000				50.0	%		—		0.0	%
	$	18,467						$	16,763

(1)

On March 19, 2021, JMB became a consolidating entity of the Company, when we acquired 100% of JMB (See Note 1). Previously, we held a noncontrolling equity interest in JMB

(2)

After June 30, 2021, the Company increased its ownership interest to 49.0% of this privately held entity. (See Note 19)

The Company considers all of our equity method investees to be related parties. See Note 13 for a summary of the Company's aggregate balances and activity with these related party entities.