Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019, for each fair value hierarchy level:


	Fair Value Measurements Using
In thousands	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
September 30, 2020


Liabilities:

Warrant	—		—		(1)		(1)
Stock-based compensation	(64)		—		(27)		(91)
Total	$	(64)	$	—	$	(28)	$	(92)

December 31, 2019
Assets:
Derivative financial instruments	$	—	$	6,849	$	—	$	6,849
Liabilities:
Derivative financial instruments	—		(10,462)		—		(10,462)
Warrant	—		—		(364)		(364)
Stock-based compensation	(1,792)		—		(573)		(2,365)
Total	$	(1,792)	$	(3,613)	$	(937)	$	(6,342)

Summary of Changes in Fair Value for the Level 3 Liabilities

The table below sets forth a summary of changes in the fair value of the Company’s Level 3 liabilities for the nine months ended September 30, 2020:


In thousands	Warrant		Stock-Based Compensation		Total
Balance as of December 31, 2019	$	(364)	$	(573)	$	(937)
Unrealized gains	363		546		909
Balance as of September 30, 2020	$	(1)	$	(27)	$	(28)