Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 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 March 31, 2022 and December 31, 2021:

 

 

    March 31, 2022  
    Level 1     Level 2     Level 3     Fair Value  
                         
Liabilities                        
Contingent royalty obligation   $       -     $        -     $ 1,731     $ 1,731  

 

    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 three months ended March 31, 2022 was as follows:

    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 March 31, 2022   $         1,731