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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Measurements  
Schedule of Assets/Liabilities Measured at Fair Value on Recurring Basis

Fair Value Measurement at March 31, 2024 and December 31, 2023

(in thousands)

Quoted Price in Active

Market for Identical

Significant Other

Significant

Instruments

Observable Inputs

Unobservable Inputs

 

Level 1

Level 2

Level 3

 

Total

    

2024

    

2023

2024

2023

2024

    

2023

    

2024

     

2023

Assets

  

  

  

  

  

  

  

Cash and cash equivalents

$

1,314

(1)

$

1,340

(1)

$

49,870

$

11,929

$

-

$

-

$

51,184

$

13,269

Processa common shares

$

4

(2)

$

25

(2)

$

-

$

-

$

-

$

-

$

4

$

25

(1)

The Company held approximately $1,314 in cash as of March 31, 2024, of which approximately $363 was held in foreign currencies (translated into U.S. dollars). As of December 31, 2023, the Company held approximately $1,340 in cash of which approximately $570 was in foreign currencies (translated into U.S. dollars).

(2)

The Company holds 41 unrestricted common shares of Processa (NASDAQ:PCSA).