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Earn-Out Milestone Liability (Tables)
 9 Months Ended
Sep. 30, 2021
Earn-out Milestone Liability  
Schedule of Changes in Earn-out Milestone Liability

The following is a summary of the changes in the earn-out milestone liability for the nine-month period ended September 30, 2021:

 

Balance at January 1, 2021  $(7,018,000)
Non-cash loss from the change in fair value   (327,000)
Balance at September 30, 2021  $(7,345,000)
Schedule of Risk Adjustment Assessment

The following is a schedule of the Company’s risk-adjustment assessment of each milestone:

 

Date 

Risk-adjustment Assessment

of Achieving Each Milestone

   Discount Rate  

Estimated Time

to Achieve

            
September 30, 2021   80%   6.54% to 6.60%  0.29 to 1.29 years
June 30, 2021   80%   9%  0.42 to 1.42 years
December 31, 2020   80%   9%  0.54 to 1.54 years
              
September 30, 2020   80%   9%  0.38 to 1.38 years
June 30, 2020   80%   9%  0.54 to 1.54 years
December 31, 2019   80%   9%  1.12 to 2.12 years