Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.2.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets and Liabilities

Liabilities measured and recorded at fair value on a recurring basis consisted of the following at September 30, 2022 and December 31, 2021:

Schedule of Fair Value of Financial Assets and Liabilities

    September 30, 2022  
    Level 1     Level 2     Level 3     Fair Value  
                         
Liabilities                                
Contingent royalty obligation   $ -     $ -     $ 1,789     $ 1,789  

 

    December 31, 2021  
    Level 1     Level 2     Level 3     Fair Value  
Liabilities                                
Contingent royalty obligation   $ -     $ -     $ 1,760     $ 1,760  
Schedule of Estimated Fair Value of Level 3 Contingent Royalty Obligation

Changes in the fair value of recurring fair value measurements using significant unobservable inputs (Level 3), which solely consisted of a contingent royalty obligation, during the nine months ended September 30, 2022 was as follows:

Schedule of Estimated Fair Value of Level 3 Contingent Royalty Obligation

   

Fair Value

Measurements of

Contingent Royalty

Obligation (Level 3)

 
Balance at December 31, 2021   $ 1,760  
Change in estimated fair value of contingent royalty obligation     29  
Balance at September 30, 2022   $ 1,789