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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of assets measured at fair value on a recurring basis

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Basis of Fair Value Measurements

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March 31, 2022

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Level 1

     

Level 2

     

Level 3

     

Total

 

Assets:

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​

​

​

​

​

​

​

​

​

​

​

​

Cash equivalents

 

$

1,018

 

$

—

 

$

—

 

$

1,018

​

Total

 

$

1,018

 

$

—

 

$

—

 

$

1,018

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​

​

​

​

​

​

​

​

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Liabilities:

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​

​

​

​

​

​

​

​

​

​

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Contingent consideration (1)

 

$

—

 

$

—

 

$

992

 

$

992

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Total

 

$

—

 

$

—

 

$

992

 

$

992

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​

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Basis of Fair Value Measurements

​

​

​

December 31, 2021

​

​

     

Level 1

     

Level 2

     

Level 3

     

Total

 

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash equivalents

 

$

1,018

 

$

—

 

$

—

 

$

1,018

​

Total

 

$

1,018

 

$

—

 

$

—

 

$

1,018

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

​

Contingent consideration (1)

 

$

—

 

$

—

 

$

2,420

 

$

2,420

​

Total

 

$

—

 

$

—

 

$

2,420

 

$

2,420

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(1) Contingent consideration is included in “Accrued expenses and other current liabilities” as of March 31, 2022 and December 31, 2021.

Schedule of change in the contingent consideration liability

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Three Months Ended

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March 31,

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2022

Beginning Balance

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$

2,420

Neuralify earnout adjustment(1)

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(1,428)

Ending Balance

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$

992

(1) Neuralify earnout adjustment relates to a change in the expected achievement of a certain milestone specific to the acquisition.