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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

(In thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

2022

 

 

 

 

 

 

 

 

 

Assets Carried at Fair Value:

 

 

 

 

 

 

 

 

 

Money market funds

 

$

15,322

 

 

$

 

 

$

 

Liabilities Carried at Fair Value:

 

 

 

 

 

 

 

 

 

Acquired contingent consideration

 

 

 

 

 

 

 

 

41,200

 

Derivative liability - conversion option

 

 

 

 

 

 

 

 

 

2021

 

 

 

 

 

 

 

 

 

Assets Carried at Fair Value:

 

 

 

 

 

 

 

 

 

Money market funds

 

$

12,192

 

 

$

 

 

$

 

Liabilities Carried at Fair Value:

 

 

 

 

 

 

 

 

 

Acquired contingent consideration

 

 

 

 

 

 

 

 

49,600

 

Derivative liability - conversion option

 

 

 

 

 

 

 

 

37

 

Contingent Consideration Liability  
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]  
Schedule of Contingent Liabilities

The following table presents additional information about liabilities measured at fair value on a recurring basis and for which the Company utilizes Level 3 inputs to determine fair value.

(In thousands)

 

Year ended December 31, 2022

 

 

Year ended December 31, 2021

 

Acquired contingent consideration:

 

 

 

 

 

 

Balance, beginning of period

 

$

49,600

 

 

$

48,200

 

Fair value change to contingent consideration (unrealized)
   included in the
statement of operations

 

 

(6,659

)

 

 

2,895

 

Royalty payments

 

 

(1,741

)

 

 

(1,495

)

Balance, end of period

 

$

41,200

 

 

$

49,600

 

Derivative Liability-Conversion Option  
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]  
Schedule of Fair Value Reconciliation of Derivative Liabilities

The following table represents a reconciliation of the derivative liability recorded in connection with the issuance of the convertible senior secured notes due 2024:

(In thousands)

 

Year ended December 31, 2022

 

 

Year ended December 31, 2021

 

Derivative Liability-Conversion Option

 

 

 

 

 

 

Balance, beginning of period

 

$

37

 

 

$

1,193

 

Fair value adjustment

 

 

(37

)

 

 

(1,156

)

Balance, end of period

 

$

 

 

$

37