Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.23.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2023
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 June 30, 2023 and December 31, 2022:

 

    June 30, 2023  
    Level 1     Level 2     Level 3     Fair Value  
Liabilities                        
Contingent royalty obligation   $ -     $ -     $ 1,056     $ 1,056  

 

    December 31, 2022  
    Level 1     Level 2     Level 3     Fair Value  
Liabilities                                
Contingent royalty obligation   $ -     $ -     $ 1,212     $ 1,212  
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 six months ended June 30, 2023 was as follows:

 

    Fair Value
Measurements of
Contingent Royalty
Obligation (Level 3)
 
Balance at December 31, 2022   $ 1,212  
Change in estimated fair value of contingent royalty obligation     156  
Balance at June 30, 2023   $ 1,056