Quarterly report pursuant to Section 13 or 15(d)

Short-Term Investments - Schedule of Short-Term Investments (Details)

v3.21.1
Short-Term Investments - Schedule of Short-Term Investments (Details) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Total short-term investments $ 948,000 $ 1,018,000
Unrealized Losses [Member]    
Total short-term investments (92,000) (22,000)
Jupiter Wellness, Inc. (JUPW) [Member]    
Total short-term investments [1] $ 1,040,000 $ 1,040,000
[1] On November 30, 2020, the Company and its wholly owned subsidiary, SRM Entertainment, LTD entered into a Stock Exchange Agreement with Jupiter Wellness, Inc. ("Jupiter"). Under the terms of the Exchange Agreement, Jupiter purchased all outstanding shares of common stock (the "Exchange Shares") issued by SRM from the Company. As consideration for the purchase of the Exchange Shares, Jupiter issued the Company 200,000 shares of its restricted common stock, symbol JUPW as listed on NASDAQ Capital Markets. On March 31, 2021, the closing price of JUPW was $5.20 on the Nasdaq.