Company: PDEX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001079973-25-001655
Chunk: 4

Company: PRO DEX INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 4
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     149 
  
     Total	 
    $33  
    $10,187  
    $—  
    $10,220 

    8 
    PRO-DEX INC. AND SUBSIDIARYNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 

    Fair
    Value Measurement at June 30, 2025 

    Level
    1  
    Level
    2  
    Level
    3  
    Total 

    Financial Assets: 

        Cash equivalents	 
    $33  
    $—  
    $—  
    $33 
  
        Marketable equity securities – short-term	 
     —  
     6,740  
     —  
     6,740 
  
        Marketable equity securities – long-term	 
     —  
     148  
     —  
     148 
  
     Total	 
    $33  
    $6,888  
    $—  
    $6,921 

Investments
at September 30, 2025 and June 30, 2025 had an aggregate cost basis of $3.5 million.
Both short-term and long-term marketable equity securities include equity securities of public companies that are thinly traded. We classified
certain investments as long-term in nature because if we decide to sell these securities, we may not be able to sell our position within
one year. At September 30, 2025, the investments included unrealized gains of $6.6 million (gross unrealized
gains of $6.8 million offset by gross unrealized losses of $185,000). At June 30, 2025, the investments included net unrealized
gains of $3.3 million (gross unrealized gains of $3.5 million offset by gross unrealized losses of $213,000).

Of
the total marketable equity securities at September 30, 2025 and June 30, 2025, $1,100,000 and $1,040,000, respectively, represent an
investment in the common stock of Air T, Inc. Two of our Board members are also board members of Air T, Inc. and both either individually
or through affiliates, own an equity interest in Air T,