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Note 4 - Fair Value (Tables)
9 Months Ended
Sep. 30, 2022
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
  

September 30, 2022

 
  

(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 (1)

 $13,870  $-  $-  $13,870 

Restricted cash

  1,107   -   -   1,107 

Short-term investments

  -   72,481   -   72,481 

Long-term investments

  -   1,937   -   1,937 

Total assets measured at fair value

 $14,977  $74,418  $-  $89,395 

Liabilities measured at fair value

                

Contingent consideration

 $-  $-  $1,203  $1,203 

Total liabilities measured at fair value

 $-  $-  $1,203  $1,203 
  

December 31, 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 (1)

 $18,129  $-  $-  $18,129 

Restricted cash

  1,154   -   -   1,154 

Short-term investments

  -   80,262   -   80,262 

Long-term investments

  -   37,435   -   37,435 

Total assets measured at fair value

 $19,283  $117,697  $-  $136,980 

Liabilities measured at fair value

                

Contingent consideration

 $-  $-  $2,371  $2,371 

Total liabilities measured at fair value

 $-  $-  $2,371  $2,371 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
 

Valuation

Methodology

 

Significant Unobservable

Input

 

September 30, 2022

  

December 31, 2021

 
            

Contingent consideration

Probability weighted

income approach

 

Milestone dates

 

2031

  

2031

 
   

Discount rate

  16.5%  9.5%
   

Revenue volatility

  45.0%  39.0%
   

EUR-to-USD exchange rate

  0.98   1.14 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
  

Fair Value

Measurement at

Reporting Date (Level

3)

 
  

(in thousands)

 
  

Contingent

consideration

 

Balance at December 31, 2021

 $2,371 

Change in fair value

  (1,168)

Balance at September 30, 2022

 $1,203 
     

Current portion

 $- 

Long-term portion

  1,203 

Balance at September 30, 2022

 $1,203 
     

Balance at December 31, 2020

 $3,936 

Exercise of warrants

  - 

Change in fair value

  1,013 

Balance at September 30, 2021

 $4,949 
     

Current portion

 $- 

Long-term portion

  4,949 

Balance at September 30, 2021

 $4,949