XML 43 R26.htm IDEA: XBRL DOCUMENT v3.22.1

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value

The following tables present information about the Company's assets and liabilities measured at fair value on a recurring basis in the consolidated balance sheets (in thousands):

Description			December 31, 2021						Quoted Prices In  Active Markets (Level 1)						Significant Other Observable  Inputs (Level 2)						Unobservable  Inputs (Level 3)
Assets:
Cash equivalents			$	21,000					$	21,000					$	—					$	—
Restricted cash equivalents			100						100						—						—
Total assets measured and recorded at fair value			$	21,100					$	21,100					$	—					$	—
Liabilities:
Warrants potentially settleable in cash			$	40					$	—					$	—					$	40
Contingent consideration			296						—						—						296
Total liabilities measured and recorded at fair value			$	336					$	—					$	—					$	336

Description			December 31, 2020						Quoted Prices In  Active Markets (Level 1)						Significant Other Observable  Inputs (Level 2)						Unobservable  Inputs (Level 3)
Assets:
Cash equivalents			$	34,959					$	34,959					$	—					$	—
Restricted cash equivalents			$	100					$	100
Total assets measured and recorded at fair value			$	35,059					$	35,059					$	—					$	—
Liabilities:
Warrants potentially settleable in cash			$	55					$	—					$	—					$	55
Contingent consideration			4,633						—						—						4,633
Total liabilities measured and recorded at fair value			$	4,688					$	—					$	—					$	4,688

Reconciliation of Level 3 Liabilities

A reconciliation of the change in the fair value of the contingent consideration liability for the year ended December 31, 2021 and 2020 is as follows (in thousands):

			Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Contingent consideration, December 31, 2019			$	4,912
Change in the estimated fair value of the contingent consideration			(279)
Contingent consideration, December 31, 2020			4,633
Change in the estimated fair value of the contingent consideration			(4,337)
Contingent consideration, December 31, 2021			$	296

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The following significant unobservable inputs were used in the valuation of the contingent consideration liability:

Unobservable input						As of December 31, 2021						As of December 31, 2020
Potential milestone payments						$0 - $30 million						$0 - $30 million
Discount rate						15.5		%				6.6		%
Cumulative probability of success						5.3		%				33.0		%
Projected years of payments						2028 - 2031						2026 - 2029

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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

+ Details

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

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 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 3
-URI http://asc.fasb.org/extlink&oid=123874694&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 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

+ Details

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