Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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):
  June 30, 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 $ 788    $ —    $ —    $ 788   
$ 788    $ —    $ —    $ 788   
Liabilities:
Warrant liability $ 26    $ —    $ —    $ 26   
$ 26    $ —    $ —    $ 26   

  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 earn-out receivable from siParadigm, the note payable to VenturEast and of the Company's derivative warrants, 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 (250)   —    —   
Change in fair value (65)   (4)   (152)  
Settlement of liability —    (12)   —   
Fair value at June 30, 2020 $ 788    $ —    $ 26