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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities at fair value

Schedule of financial assets and liabilities at fair value
		Level 1				Level 2				Level 3				Total
Assets		(In thousands)
September 30, 2021:
Equity securities at fair value		$	119,280			$	267,840			$	–			$	387,120
Total		$	119,280			$	267,840			$	–			$	387,120
December 31, 2020:
Equity securities at fair value		$	109,103			$	–			$	–			$	109,103
Investment at fair value - warrants			–				2,752				–				2,752
Total		$	109,103			$	2,752			$	–			$	111,855
Liabilities
September 30, 2021:
Series A warrants		$	–			$	–			$	18,527			$	18,527
Series A embedded derivative liabilities			–				–				41,411				41,411
Series B warrants			–				–				229,637				229,637
Total		$	–			$	–			$	289,575			$	289,575
December 31, 2020:
Series A warrants		$	–			$	6,640			$	–			$	6,640
Series A embedded derivative liabilities			–				–				26,728				26,728
Series B warrants			–				–				52,341				52,341
Total		$	–			$	6,640			$	79,069			$	85,709

Schedule of changes in fair value Level 3 liabilities

Schedule of changes in fair value Level 3 liabilities
		Series A Warrant Liability				Series A Embedded Derivative Liability				Series B Warrant Liability				Total
		(In thousands)
Balance at January 1, 2021		$	–			$	26,728			$	52,341			$	79,069
Transfers to Level 3			6,640				–				–				6,640
Remeasurement to fair value			11,824				14,463				178,198				204,485
Balance at June 30, 2021			18,464				41,191				230,539				290,194
Remeasurement to fair value			63				220				(902	)			(619	)
Balance at September 30, 2021		$	18,527			$	41,411			$	229,637			$	289,575

		Series A Warrant Liability				Series A Embedded Derivative Liability				Series B Warrant Liability				Total
		(In thousands)
Balance at January 1, 2020		$	3,568			$	17,974			$	–			$	21,542
Transfers to Level 3			–				–				5,929				5,929
Remeasurement to fair value			3,384				11,539				52,361				67,284
Balance at June 30, 2020			6,952				29,513				58,290				94,755
Remeasurement to fair value			(1,348	)			(3,831	)			(15,493	)			(20,672	)
Balance at September 30, 2020		$	5,604			$	25,682			$	42,797			$	74,083

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- References

No definition available.

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ 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 (b)
-URI http://asc.fasb.org/extlink&oid=123874694&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 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- 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 http://asc.fasb.org/extlink&oid=123874694&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 http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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