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Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value

The following is a summary of our financial instruments measured at fair value on a recurring basis (in thousands):

September 30, 2024						Level 1						Level 2						Level 3						Total
Cash equivalents:
Money market funds						$	21,487					$	—					$	—					$	21,487
Certificates of deposit						3,490						—						—						3,490
Endospan Loans						—						—						4,059						4,059
Total assets						$	24,977					$	—					$	4,059					$	29,036
Long-term liabilities:
Contingent consideration						—						—						(51,720)						(51,720)
Total liabilities						$	—					$	—					$	(51,720)					$	(51,720)

December 31, 2023						Level 1						Level 2						Level 3						Total
Cash equivalents:
Money market funds						$	22,802					$	—					$	—					$	22,802
Certificates of deposit						3,968						—						—						3,968
Total assets						$	26,770					$	—					$	—					$	26,770
Long-term liabilities:
Contingent consideration						—						—						(63,890)						(63,890)
Total liabilities						$	—					$	—					$	(63,890)					$	(63,890)

Schedule of Reconciliation of Changes in Fair Value of Level 3 Liabilities

Changes in fair value of Level 3 assets and liabilities are listed in the tables below (in thousands):

			Endospan Loans
Balance as of December 31, 2023			—
Initial value of Endospan Loans			3,517
Change in valuation			542
Balance as of September 30, 2024			$	4,059

			Contingent Consideration
Balance as of December 31, 2023			$	(63,890)
Change in valuation			12,170
Balance as of September 30, 2024			$	(51,720)

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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- References

No definition available.

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X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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