WiSA Technologies, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Company's financial assets and liabilities that are measured at fair value on a recurring basis

The Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018 by level within the fair value hierarchy, are as follows:


(in thousands)	June 30, 2019
			Significant
	Quoted prices		other		Significant
	in active		observable		unobservable
	markets		inputs		inputs
	(Level 1)		(Level 2)		(Level 3)
Liabilities:
Derivative liability	$	—	$	—	$	387
Warrant liability	$	—	$	—	$	39


(in thousands)	December 31, 2018
			Significant
	Quoted prices		other		Significant
	in active		observable		unobservable
	markets		inputs		inputs
	(Level 1)		(Level 2)		(Level 3)
Liabilities:
Warrant liability	$	—	$	—	$	210

Schedule of changes in fair value of the Company's warrant liability and derivative liability measured at fair value using significant unobservable inputs (Level 3)

The following table includes a summary of changes in fair value of the Company’s derivative liability measured at fair value using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2019 and June 30, 2018:


(in thousands)	For the three months ended				For the six months ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Beginning balance	$	—	$	22,959	$	—	$	20,832
Additions		216		245		216		1,558
Change in fair value		171		2,572		171		3,386
Ending balance	$	387	$	25,776	$	387	$	25,776

Warrant [Member]

Schedule of changes in fair value of the Company's warrant liability and derivative liability measured at fair value using significant unobservable inputs (Level 3)

The following table includes a summary of changes in fair value of the Company’s warrant liability measured at fair value using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2019 and 2018:


	For the three months ended				For the six months ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Beginning balance	$	103		927	$	210		1,228
Additions		—		65		4		65
Change in fair value		(64)		4,358		(175)		4,249
Reclass to additional paid-in capital		—		—		—		(192)
Ending balance	$	39	$	5,350	$	39	$	5,350

Schedule of the weighted average significant unobservable inputs (Level 3 inputs) used in measuring the Company's warrant liability that is categorized within Level 3 of the fair value hierarchy

A summary of the weighted average significant unobservable inputs (Level 3 inputs) used in measuring the Company’s warrant liability that is categorized within Level 3 of the fair value hierarchy as of June 30, 2019 and December 31, 2018 is as follows:


	June 30, 2019			December 31, 2018
Common Stock Price	$	1.16		$	3.42
Term (Years)		3.77			4.27
Volatility		59	%		58	%
Risk-free rate of interest		1.74	%		2.58	%
Dividend Yield		0.0	%		0.0	%