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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2024
Summary of Significant Accounting Policies  
Schedule of the fair value measurements within the fair value hierarchy of the Company's financial instruments

 

 

 Fair value at March 31, 2024

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash Equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Mutual Fund

 

$1,451

 

 

$1,451

 

 

$

 

 

$

 

Money Market fund

 

 

5

 

 

 

5

 

 

 

 

 

 

 

Total assets

 

$1,456

 

 

$1,456

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Royalties payable

 

$7,060

 

 

$

 

 

$

 

 

$7,060

 

Total liabilities

 

$7,060

 

 

$

 

 

$

 

 

$7,060

 

 

 

Fair value at December 31, 2023

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash Equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Mutual Fund

 

$3,397

 

 

$3,397

 

 

$

 

 

$

 

Money Market fund

 

 

10

 

 

 

10

 

 

 

 

 

 

 

Total assets

 

$3,407

 

 

$3,407

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Royalties payable

 

 

6,974

 

 

 

 

 

 

 

 

$6,974

 

Total liabilities

 

$6,974

 

 

$

 

 

$

 

 

$6,974

 

Schedule of Property and Equipment Estimated Useful Lives

Machinery and equipment

 

2-5 years

Computer hardware and software

 

2-5 years

VIVO DEMO/Clinical Systems

 

2 years

Furniture and fixtures

 

5 years

Schedule of disaggregated product sales by geographic area

 

 

For the Three Months

Ended March 31,

 

 

 

2024

 

 

2023

 

Product Sales

 

 

 

 

 

 

US

 

$8

 

 

$58

 

Europe

 

 

74

 

 

 

27

 

 

 

$82

 

 

$85