Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.23.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 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 December 31, 2022 and December 31, 2021:

 

 

    December 31, 2022  
    Level 1     Level 2     Level 3     Fair Value  
Liabilities                                
Contingent royalty obligation   $    -     $    -     $ 1,212     $ 1,212  

 

    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 year ended December 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     548  
Balance at December 31, 2022   $ 1,212