XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.2

Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2021

Long-Term Debt

Schedule of Warrants, Valuation assumptions, Black-Scholes method

Risk-free interest rate	1.82%
Expected life of warrants (years)	7
Expected price volatility	49.94%
Expected dividend yield	0%

The carrying amount of the Notes was then determined by deducting the fair value of the Warrants from the principal amount of the Notes. The carrying amount of the Notes was further separated into equity and liability components after separating the value of the conversion feature into an equity component and leaving the remaining value as liability. The equity component is not remeasured while the Notes and Warrants continue to meet the conditions for equity classification for equity components.

The original issue discount and issuance costs are netted against the liability. The following table represents the carrying value of Notes and Warrants:

Schedule of carrying value of Notes and Warrants

		September 30, 2021				December 31, 2020
Liability component:
Principal		$	2,730			$	3,000
Less: debt discount and issuance costs, net of amortization			(434	)			(581	)
Net carrying amount		$	2,296			$	2,419
Equity component(1):
Warrants		$	318			$	318
Conversion feature			122				122
Net carrying amount		$	440			$	440
Current portion of liability component included under short-term debt		$	630			$	360
Long-term portion of liability component included under long-term debt			1,666				2,059
Liability component total		$	2,296			$	2,419

Schedule of maturities of principal amount contained in the Notes

Year ending December 31,		Principal Amount Maturing
2021 (Remainder)		$	90
2022			720
2023			1,920
2024			—
Total principal amount		$	2,730

Schedule of paycheck protection program loan liabilities

		September 30, 2021				December 31, 2020
Current portion of the PPP Loan included under short-term debt		$	874			$	312
Long-term portion of the PPP Loan included under long-term debt			625				1,187
Liability component total		$	1,499			$	1,499

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements of paycheck protection program loan liabilities.

+ References

No definition available.

+ Details

Name:	clro_ScheduleOfPaycheckProtectionProgramLoanLiabilitiesTableTextBlock
Namespace Prefix:	clro_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of warrants using black-scholes method.

+ References

No definition available.

+ Details

Name:	clro_ScheduleOfWarrantsValuationAssumptionsTableTextBlock
Namespace Prefix:	clro_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount.

+ References

No definition available.

+ Details

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

X

- References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

+ Details

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