Company: PAMT
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025711
Chunk: 57

Company: PAMT CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 market value  $48,384  $42,620 
 Cost   30,197   27,094 
 Unrealized gain  $18,187  $15,526 

   The following table sets forth the gross unrealized gains and losses on the Company’s marketable securities as of  June 30, 2025 and  December 31, 2024.

       June 30, 2025    December 31, 2024  
   (in thousands)  
 Gross unrealized gains  $19,820  $17,215 
 Gross unrealized losses   1,633   1,689 
 Net unrealized gain  $18,187  $15,526 

       8

   The following table shows the Company’s net realized gains during the three and six months ending on  June 30, 2025 and 2024, respectively, on certain marketable equity securities.

       Three Months Ended    Six Months Ended  
   June 30,    June 30,  
   2025    2024    2025    2024  
   (in thousands)  
 Sales proceeds  $742  $2,631  $743  $2,631 
 Cost of securities sold   1,030   2,815   1,034   2,815 
 Realized loss  $(288) $(184) $(291) $(184)

   For the quarter ended  June 30, 2025, the Company recognized dividends received of approximately $392,000 in non-operating income in its condensed consolidated statements of operations. For the six months ended  June 30, 2025, the Company recognized dividends received of approximately $835,000 in non-operating income in its condensed consolidated statements of operations.
    
   The Company’s equity securities are periodically used as collateral against any outstanding margin account borrowings. As of  June 30, 2025, the Company had outstanding borrowings of approximately $685,000 under its margin account, compared to no outstanding borrowings under its margin account at  December 31,2024. Margin account borrowings, when utilized, are used for the purchase of marketable equity securities and as a source of short-term liquidity and are included in accrued expenses and other liabilities on our condensed consolidated balance sheets