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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
The following tables present information about the Company's assets and liabilities measured at fair value on a recurring basis in the consolidated balance sheets (in thousands):
 
DescriptionDecember 31, 2020Quoted Prices In 
Active Markets
(Level 1)
Significant Other
Observable 
Inputs (Level 2)
Unobservable 
Inputs
(Level 3)
Assets:
Cash equivalents$34,959 $34,959 $— $— 
Total assets measured and recorded at fair value$34,959 $34,959 $— $— 
Liabilities:
Warrants potentially settleable in cash$55 $— $— $55 
Contingent consideration4,633 — — 4,633 
Total liabilities measured and recorded at fair value$4,688 $— $— $4,688 
DescriptionDecember 31, 2019Quoted Prices In 
Active Markets
(Level 1)
Significant Other
Observable 
Inputs (Level 2)
Unobservable 
Inputs
(Level 3)
Assets:
Cash equivalents$7,027 $7,027 $— $— 
Total assets measured and recorded at fair value$7,027 $7,027 $— $— 
Liabilities:
Warrants potentially settleable in cash$52 $— $— $52 
Contingent consideration4,912 — — 4,912 
Total liabilities measured and recorded at fair value$4,964 $— $— $4,964 
Schedule of Reconciliation of Level 3 Liabilities
A reconciliation of the change in the fair value of the contingent consideration liability for the years ended December 31, 2020 and 2019 is as follows (in thousands):
 
 Fair Value
Measurements
Using Significant
Unobservable
Inputs
(Level 3)
Contingent consideration, January 1, 2019$4,326 
Change in the estimated fair value of the contingent consideration586 
Contingent consideration, December 31, 20194,912 
Change in the estimated fair value of the contingent consideration(279)
Contingent consideration, December 31, 2020$4,633