Financial Instruments Measured at Fair Value and Concentrations of Credit Risk (Tables)

9 Months Ended

Sep. 30, 2022

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Summary of Fair Value Measurements and Financial Statement Presentation

The fair values of the Company’s financial instruments measured at fair value and their respective levels in the fair value hierarchy as of September 30, 2022, were as follows:

	September 30, 2022								September 30, 2022
	Fair Values of Assets								Fair Values of Liabilities
In Thousands	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Other items reported at fair value:
Common stock warrants	$	—	$	—	$	—	$	—	$	—	$	—	$	402	$	402
Total	$	—	$	—	$	—	$	—	$	—	$	—	$	402	$	402

Summary of Fair Value of the Common Warrants

The estimated fair values of the Common Warrants, and the assumptions used for the Black-Scholes option pricing model were as follows:

	As of September 30, 2022
Estimated fair value of Common Warrants	$	0.05
Assumptions:
Risk-free interest rate		4.1	%
Expected volatility		85.0	%
Expected term to liquidation (in years)		4.9