Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Summary of Financial Liabilities Measured at Fair Value on 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):
 
  2020
  Total Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Warrant liability $ 1  $   $   $ 1 
$ 1  $   $   $ 1 

  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 for Contingent Consideration of Business Acquisitions The following table summarizes the activity of the notes payable to VenturEast, the Earn-Out from siParadigm, and derivative warrants, which were measured at fair value using Level 3 inputs (in thousands):
Assets Liabilities
Earn-Out
from Note Payable Warrant Other
siParadigm to VenturEast Liability Derivatives
Fair value at January 1, 2019 $ —  $ 20  $ 248  $ 86 
Change in fair value (935) (4) (70) (86)
Fair value at issuance 2,376  —  —  — 
Receipts received during the period (338) —  —  — 
Fair value at December 31, 2019 1,103  16  178  — 
Fair value of warrants exchanged for stock —  —  (10) — 
Receipts received during the period (288) —  —  — 
Settlement of liability —  (12) —  — 
Removed from fair value accounting (749) —  —  — 
Change in fair value (66) (4) (167) — 
Fair value at December 31, 2020 $ —  $ —  $ $ —