Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Summary of financial liabilities measured at fair value on a recurring basis
The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):
 
 
March 31, 2020
 
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
 
Earn-Out from siParadigm
 
$
973

 
$

 
$

 
$
973

 
 
$
973

 
$

 
$

 
$
973

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Warrant liability
 
$
51

 
$

 
$

 
$
51

 
 
$
51

 
$

 
$

 
$
51

 
 
December 31, 2019
 
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
 
Earn-Out from siParadigm
 
$
1,103

 
$

 
$

 
$
1,103

 
 
$
1,103

 
$

 
$

 
$
1,103

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Warrant liability
 
$
178

 
$

 
$

 
$
178

Notes payable
 
16

 

 

 
16

 
 
$
194

 
$

 
$

 
$
194

Schedule of fair value notes payable of business acquisition and warrant liability
The following table summarizes the activity of the note payable to VenturEast and of the Company's derivative warrants and other derivatives, which were measured at fair value using Level 3 inputs (in thousands):

 
 
Assets
 
Liabilities
 
 
Earn-Out
 
 
 
 
 
 
from
 
Note Payable
 
Warrant
 
 
siParadigm
 
to VenturEast
 
Liability
Fair value at January 1, 2020
 
$
1,103

 
$
16

 
$
178

Receipts received during period
 
(154
)
 

 

Change in fair value
 
24

 
(4
)
 
(127
)
Settlement of liability
 

 
(12
)
 

Fair value at March 31, 2020
 
$
973

 
$
12

 
$
51