XML 30 R19.htm IDEA: XBRL DOCUMENT v3.21.2
Note 3 - Fair Value (Tables)
6 Months Ended
Jun. 30, 2021
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
  

June 30, 2021

 
  

(in thousands)

 
                 

Description

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

  

Significant Other Observable Inputs (Level 2)

  

Significant Unobservable Inputs (Level 3)

  

Total

 

Assets measured at fair value

                

Cash and cash equivalents

 $157,078  $-  $-  $157,078 

Restricted cash

  1,045   -   -   1,045 

Total assets measured at fair value

 $158,123  $-  $-  $158,123 

Liabilities measured at fair value

                

Contingent consideration

 $-  $-  $4,671  $4,671 

Total liabilities measured at fair value

 $-  $-  $4,671  $4,671 
  

December 31, 2020

 
  

(in thousands)

 
                 

Description

 

Quoted Prices in Active Markets for Identical Assets (Level 1)

  

Significant Other Observable Inputs (Level 2)

  

Significant Unobservable Inputs (Level 3)

  

Total

 

Assets measured at fair value

                

Cash and cash equivalents

 $16,363  $-  $-  $16,363 

Restricted cash

  1,166   -   -   1,166 

Total assets measured at fair value

 $17,529  $-  $-  $17,529 

Liabilities measured at fair value

                

Contingent consideration

 $-  $-  $3,936  $3,936 

Warrant liabilities

  -   -   255   255 

Total liabilities measured at fair value

 $-  $-  $4,191  $4,191 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
  

December 31,

 

Series B Warrants

 

2020

 
     

Valuation methodology

 

Black-Scholes-Merton

 

Term (years)

  1.32 

Risk free rate

  0.10%

Dividends

  - 

Volatility

  150.97%

Share price

 $0.63 
  

Methodology

 

Unobservable Input

 

2021

  

2020

 
               

Contingent consideration

 

Probability weighted income approach

 

Milestone dates

 2025to2029  2024to2029 
    

Discount rate

  9.0%    9.50%  
    

Volatility

  74.0%    71.0%  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
  

Fair Value Measurement at Reporting Date (Level 3)

 
  

(in thousands)

     
  

Common stock warrants

  

Contingent consideration

 

Balance at December 31, 2020

 $255  $3,936 

Exercise of warrants

  (2,236)  - 

Change in fair value

  1,981   735 

Balance at June 30, 2021

 $-  $4,671 
         

Current portion

 $-  $- 

Long-term portion

  -   4,671 

Balance at June 30, 2021

 $-  $4,671