Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 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 March 31, 2021 and December 31, 2020 by level within the fair value hierarchy, are as follows:

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

March 31, 2021

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

December 31, 2021

 

 

 

 

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 [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 months ended March 31, 2021 and 2020:

 

 

 

 

 

 

 

 

 

 

For The Three Months Ended

(in thousands)

    

March 31, 2021

    

March 31, 2020

Beginning balance

 

$

 8

 

$

24

Additions

 

 

 -

 

 

 -

Change in fair value

 

 

 -

 

 

(19)

Ending balance

 

$

 8

 

$

 5