Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.22.0.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
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 December 31, 2021 and 2020 by level within the fair value hierarchy, are as follows:

(in thousands)

December 31, 2021

    

    

Significant

    

Quoted prices

other

Significant

in active

observable

unobservable

markets

inputs

inputs

 

(Level 1)

 

(Level 2)

 

(Level 3)

Liabilities:

 

  

 

  

 

  

Warrant liability

$

$

$

8

(in thousands)

December 31, 2020

    

    

Significant

    

Quoted prices

other

Significant

in active

observable

unobservable

markets

inputs

inputs

 

(Level 1)

 

(Level 2)

 

(Level 3)

Liabilities:

 

  

 

  

 

  

Derivative liability

$

$

$

387

Warrant liability

$

$

$

8

Warrant  
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 years ended December 31, 2021 and 2020:

    

For The Year Ended December 31,

(in thousands)

2021

2020

Beginning balance

$

8

$

24

Additions

 

 

Change in fair value

 

 

(16)

Ending balance

$

8

$

8