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Note 14 - Fair Value Measurements
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Fair Value Disclosures [Text Block]

NOTE 14 – FAIR VALUE MEASUREMENTS

 

Fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. The Company considers a security that trades at least weekly to have an active market. Fair values determined by Level 2 inputs utilize data points that are observable, such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability.

 

In 2022, the Company recorded a contingent consideration liability in the amount of $1.45 million related to the purchase price of the ATEC Acquisition for amounts payable upon the sale of a requisite number of water filtration units under an asset purchase agreement.

 

(in thousands)

 

Level 1 Assets

 
     

Balance at December 31, 2022

 $- 
     

Investments in Certificates of Deposit

  3,000 
     

Balance at December 31, 2023

 $3,000 

 

(in thousands)

 

Level 3 Liabilities

 
     

Balance at December 31, 2022

 $(1,450)
     

Derivative liabilities

  (2,350)

Unrealized losses on derivative liabilities, net

  (220)

Reclassification of derivative liabilities to additional paid-in capital

  2,570 
     

Balance at December 31, 2023

 $(1,450)

 

 

  

Investments at Fair Value as of December 31, 2023

 

(in thousands)

 

Level 1

  

Level 2

  

Level 3

  

Total

 
                 

Assets

                
                 

Certificates of Deposit

 $3,000  $-  $-  $3,000 
                 

Total Assets

 $3,000  $-  $-  $3,000 
                 

Liabilities

                
                 

Contingent consideration liabilities

 $-  $-  $1,450  $1,450 
                 

Total Liabilities

 $-  $-  $1,450  $1,450