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Financial Instruments
12 Months Ended
Dec. 31, 2021
Financial Instruments [Abstract]  
Financial Instruments 5. Financial Instruments A summary of financial instruments measured at fair value is as follows (in thousands): December 31, 2021Level 1 Level 2 Level 3 TotalCash equivalents: Money market funds$ 10,015 -- -- $ 10,015Total assets$ 10,015 $ -- $ -- $ 10,015 Long-term liabilities: Contingent consideration -- -- (49,400) (49,400)Total liabilities $ -- $ -- $ (49,400) $ (49,400) December 31, 2020Level 1 Level 2 Level 3 TotalCash equivalents: Money market funds$ 11,484 -- -- $ 11,484Restricted securities: Money market funds 546 -- -- 546Endospan loan -- -- 409 409Total assets$ 12,030 $ -- $ 409 $ 12,439 Current liabilities: Contingent consideration -- -- (16,430) (16,430) Long-term liabilities: Contingent consideration -- -- (43,500) (43,500)Total liabilities$ -- $ -- $ (59,930) $ (59,930) We used prices quoted from our investment advisors to determine the Level 1 valuation of our investments in money market funds. We recorded the Endospan Loan, classified as Level 3, as a result of an agreement with Endospan in September 2019. The contingent consideration component of the Ascyrus acquisition was updated using Level 3 inputs. See Note 3 and Note 4 for further discussion of the Ascyrus acquisition, and the Endospan Loan, respectively. Changes in fair value of Level 3 assets and liabilities are listed in the tables below (in thousands): Endospan Loan Contingent ConsiderationBalance as of December 31, 2020$ 409 $ (59,930)Payments -- 20,000Change in valuation (409) (9,470)Balance as of December 31, 2021$ -- $ (49,400) ‎