FAIR VALUE OF FINANCIAL INSTRUMENTS |
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FAIR VALUE OF FINANCIAL INSTRUMENTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FAIR VALUE OF FINANCIAL INSTRUMENTS | NOTE H – FAIR VALUE OF FINANCIAL INSTRUMENTS The Company’s financial instruments at fair value are measured on a recurring basis. Related unrealized gains or losses are recognized in unrealized gain on change in fair value of the warrants classified as a liability in the condensed consolidated statements of operations. For additional disclosures regarding methods and assumptions used in estimating fair values of these financial instruments, see Note B. The following table presents the fair value of the Company’s financial instruments as of March 31, 2023 and summarizes the significant unobservable inputs in fair value measurement of Level 3 financial assets and liabilities as of March 31, 2023. The Company did not have any assets or liabilities categorized as Level 1 or 2 as of March 31, 2023.
NOTE H – FAIR VALUE OF FINANCIAL INSTRUMENTS, continued The change in fair value of the Warrants classified as a liability for the three-month period ended March 31, 2023 is summarized as follows:
The change in fair value of the Warrants classified as a liability for the six-month period ended March 31, 2023 is summarized as follows:
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