Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 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):
  September 30, 2020
  Total Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Liabilities:
Warrant liability $ 45  $   $   $ 45 
$ 45  $   $   $ 45 
  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 (288) —  — 
Change in fair value (66) (4) (133)
Removed from fair value accounting (749) —  — 
Settlement of liability —  (12) — 
Fair value at September 30, 2020 $ —  $ —  $ 45