XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 14 - Financial Instruments | 3 Months Ended
--- | ---
Mar. 31, 2023
Notes to Financial Statements |
Financial Instruments Disclosure [Text Block] | 14. Financial Instruments Fair value is defined by ASC 820, Fair Value Measurement (“ASC 820”) as the price that would be received upon selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:
| • | Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.
| • | Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
| • | Level 3 — Unobservable inputs for the asset or liability.
|  | March 31, 2023 |
|  | (in thousands) |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash Equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit (1) |  | $ | — |  |  | $ | 1,707 |  |  | $ | — |  |  | $ | 1,707 |
Money funds (2) |  |  | — |  |  |  | 190,734 |  |  |  | — |  |  |  | 190,734 |
Short term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit (1) |  |  | — |  |  |  | 2,879 |  |  |  | — |  |  |  | 2,879 |
Total |  | $ | — |  |  | $ | 195,320 |  |  | $ | — |  |  | $ | 195,320 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earn-out shares liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earn-out shares (3) |  | $ | — |  |  | $ | — |  |  | $ | 6,922 |  |  | $ | 6,922 |
Other non-current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liabilities (3) |  |  | — |  |  |  | 227 |  |  |  | — |  |  |  | 227 |
Total |  | $ | — |  |  | $ | 227 |  |  | $ | 6,922 |  |  | $ | 7,149 |
|  | December 31, 2022 |
|  | (in thousands) |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash Equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit (1) |  | $ | — |  |  | $ | 1,693 |  |  | $ | — |  |  | $ | 1,693 |
Money funds (2) |  |  | — |  |  |  | 188,769 |  |  |  | — |  |  |  | 188,769 |
Short term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit (1) |  |  | — |  |  |  | 2,620 |  |  |  | — |  |  |  | 2,620 |
Other assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit (1) |  |  | — |  |  |  | 162 |  |  |  | — |  |  |  | 162 |
Total |  | $ | — |  |  | $ | 193,244 |  |  | $ | — |  |  | $ | 193,244 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earn-out shares liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earn-out shares (3) |  | $ | — |  |  | $ | — |  |  | $ | 6,631 |  |  | $ | 6,631 |
Other non-current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liabilities (3) |  |  | — |  |  |  | 227 |  |  |  | — |  |  |  | 227 |
Total |  | $ | — |  |  | $ | 227 |  |  | $ | 6,631 |  |  | $ | 6,858 |
(1) The majority of certificates of deposit are foreign deposits. (2) Profits on securities for the three months ended March 31, 2023 and 2022 were $1.7 million and $0 million, respectively. (3) Refer to “Note 11 — Earn-Out and Warrant Liabilities” for further details. The following table presents the reconciliation in Level 3 instruments which consisted of earn-out shares liabilities which were measured on a recurring basis for the three months ended March 31, 2023.
|  | Three Months Ended March 31, |
|  | 2023 |
|  | (in thousands) |
Opening balance |  | $ | 6,631 |
Total gains or losses from the period |  |  |  |
Included in earnings |  |  | 109 |
Reclass from Earnout-RSU |  |  | 182 |
Closing balance |  | $ | 6,922 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration