XML 37 R26.htm IDEA: XBRL DOCUMENT v3.23.1

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Summary of Fair Value of Financial Assets and Liabilities Measured on Recurring Basis

The following tables set forth the Company’s financial assets and liabilities, measured at fair value on a recurring basis, as of March 31, 2023 and December 31, 2022 (in thousands):

			March 31, 2023
			Fair Value Measured Using
			(Level 1)						(Level 2)						(Level 3)						Total Balance
Assets
Cash equivalents:
Money market funds			$	55,315					$	—					$	—					$	55,315
Long-term marketable securities:
Corporate equity securities			1,272						—						—						1,272
Total			$	56,587					$	—					$	—					$	56,587
Liabilities
Short-term liabilities:
Contingent consideration			$	—					$	—					$	825					$	825
Long-term liabilities:
Contingent consideration			—						—						4,089						4,089
Common stock warrant liability			—						—						25						25
Total			$	—					$	—					$	4,939					$	4,939

			December 31, 2022
			Fair Value Measured Using
			(Level 1)						(Level 2)						(Level 3)						Total Balance
Assets
Cash equivalents:
Money market funds			$	66,594					$	—					$	—					$	66,594
Long-term marketable securities:
Corporate equity securities			2,076						—						—						2,076
Total			$	68,670					$	—					$	—					$	68,670
Liabilities
Short-term liabilities:
Contingent consideration			$	—					$	—					$	1,025					$	1,025
Long-term liabilities:
Contingent consideration			—						—						2,418						2,418
Common stock warrant liability			—						—						32						32
Total			$	—					$	—					$	3,475					$	3,475

Summary of Issuances, Exercises, Changes in Fair Value and Reclassifications of Level 3 Financial Instruments

The following table presents the issuances, exercises, changes in fair value and reclassifications of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis (in thousands):

			(Level 3)
Common Stock Warrant Liability and Contingent Consideration
Balance as of December 31, 2022			$	3,475
Change in estimated fair value of common stock warrant liability			(7)
Change in estimated fair value of contingent consideration			421
Addition of estimated fair value of contingent consideration			1,300
Payments related to contingent consideration			(250)
Balance as of March 31, 2023			$	4,939

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration