Note 8: Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy:

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy: 

		Fair Value Measurements at September 30, 2020
	Total		Level 1		Level 2		Level 3
Liabilities
2019 Warrant liability	$	552,000	$	—	$	—	$	552,000
2020 Warrant liability		609,000		—		—		609,000
Total common stock warrant liabilities	$	1,161,000	$	—	$	—	$	1,161,000

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial instruments, which are treated as liabilities, as follows:

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial instruments, which are treated as liabilities, as follows:

	2019 Warrant				2020 Warrant
	Number of Warrants		Liability		Number of Warrants		Liability
			(in thousands)				(in thousands)
2019 Warrant Liability - See Note 1, out-of-period adjustment.		13,800,000	$	276,000		—	$	—
2020 Warrant Liability		—		—		8,700,000		261,000
Change in Fair Value, September 30, 2020		—		276,000		—		348,000
Balance at September 30, 2020		13,800,000	$	552,000		8,700,000	$	609,000