XML 23 R10.htm IDEA: XBRL DOCUMENT
v3.22.1

Fair Value of Financial Instruments | 3 Months Ended
--- | ---
Mar. 31, 2022
Fair Value Disclosures [Abstract] |
Fair Value of Financial Instruments | Note 3 – Fair Value of Financial Instruments The estimated fair values of financial instruments outstanding were (in thousands): Schedule of Estimated Fair Value of Financial Instrument
|  | March 31, 2022 (Unaudited) |
|  |  |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Cash and cash equivalents |  | $ | 7,286 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,286 |
Short-term investments |  |  | 19,496 |  |  |  | — |  |  |  | (42 | ) |  |  | 19,454 |
Total |  | $ | 26,782 |  |  | $ | — |  |  | $ | (42 | ) |  | $ | 26,740 |
|  | December 31, 2021 |
|  |  |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Cash and cash equivalents |  | $ | 8,968 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,968 |
Short-term investments |  |  | 23,040 |  |  |  | — |  |  |  | (29 | ) |  |  | 23,011 |
Total |  | $ | 32,008 |  |  | $ | — |  |  | $ | (29 | ) |  | $ | 31,979 |
The following table represents the Company’s fair value hierarchy for its financial assets (cash equivalents and investments) (in thousands): Schedule of Fair Value Hierarchy Financial Assets
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | March 31, 2022 (Unaudited) |
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Money market funds |  | $ | 6,299 |  |  | $ | 6,299 |  |  | $ | — |  |  | $ | — |
Corporate notes and commercial paper |  |  | 19,454 |  |  |  | — |  |  |  | 19,454 |  |  |  | — |
Total financial assets |  | $ | 25,753 |  |  | $ | 6,299 |  |  | $ | 19,454 |  |  | $ | — |
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | December 31, 2021 |
|  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Money market funds |  | $ | 5,484 |  |  | $ | 5,484 |  |  | $ | — |  |  | $ | — |
Corporate notes and commercial paper |  |  | 23,011 |  |  |  | — |  |  |  | 23,011 |  |  |  | — |
Total financial assets |  | $ | 28,495 |  |  | $ | 5,484 |  |  | $ | 23,011 |  |  | $ | — |
As of March 31, 2022, the fair value of the derivative liability amounted to $120,000. The details of derivative liability transactions for the three months ended March 31, 2022 and 2021, are as follows: Schedule of Derivative Liability Transactions
|  | March 31, 2022 |  |  | March 31, 2021 |
|  |  | (Unaudited) |  |  |  | (Unaudited) |
Beginning balance |  | $ | 138,000 |  |  | $ | 383,000 |
Fair value upon issuance of warrants |  |  | - |  |  |  | - |
Change in fair value |  |  | (18,000 | ) |  |  | (21,000 | )
Extinguishment |  |  | - |  |  |  | - |
Ending balance |  | $ | 120,000 |  |  | $ | 362,000 |

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 The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration