Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
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 December 31, 2021 and December 31, 2020:

 

    December 31, 2021  
    Level 1     Level 2     Level 3     Fair Value  
Liabilities                        
Contingent royalty obligation   $ -     $ -     $ 1,760     $ 1,760  

 

    December 31, 2020  
    Level 1     Level 2     Level 3     Fair Value  
Liabilities                        
Contingent royalty obligation   $ -     $ -     $ 1,617     $ 1,617  
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 year ended December 31, 2021 was as follows:

 

    Fair Value
Measurements
of Contingent
Royalty
Obligation
(Level 3)
 
Balance at December 31, 2020   $        1,617  
Change in estimated fair value of contingent royalty obligation     143  
Balance at December 31, 2021   $ 1,760