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Fair value of financial instruments (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of financial liabilities at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Quoted Prices

    

    

 

    

    

 

 

 

 

 

 

in Active

 

Significant

 

 

 

 

 

 

 

 

Markets for

 

Other

 

Significant

 

 

Balance at

 

Identical

 

Observable

 

Unobservable

 

 

March 31, 

 

Assets

 

Inputs

 

Inputs

 

 

2021

 

(Level 1)

 

(Level 2)

 

(Level 3)

Liabilities:

 

 

  

 

 

  

 

 

  

 

 

  

Warrant liability

 

$

2,360

 

$

 —

 

$

 —

 

$

2,360

Contingent consideration – Long term portion

 

$

6,260

 

$

 —

 

$

 —

 

$

6,260

 

 

$

8,620

 

$

 —

 

$

 —

 

$

8,620

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Quoted Prices

    

  

 

    

  

 

 

 

 

 

 

in Active

 

Significant

 

 

 

 

 

 

 

 

Markets for

 

Other

 

Significant

 

 

Balance at

 

Identical

 

Observable

 

Unobservable

 

 

December 31, 

 

Assets

 

Inputs

 

Inputs

 

 

2020

 

(Level 1)

 

(Level 2)

 

(Level 3)

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liability

 

$

490

 

$

 —

 

$

 —

 

$

490

Contingent consideration – Long term portion

 

$

6,984

 

$

 —

 

$

 —

 

$

6,984

 

 

$

7,474

 

$

 —

 

$

 —

 

$

7,474

 

Warrant liability  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of changes in the fair value of the liability

 

 

 

 

Balance as of December 31, 2019

    

$

192

Change in fair value of warrant liability

 

 

 —

Balance as of March 31, 2020

 

$

192

 

 

 

 

 

Balance as of December 31, 2020

    

$

490

Change in fair value of warrant liability

 

 

1,870

Balance as of March 31, 2021

 

$

2,360

 

Schedule of significant unobservable inputs for fair value measurements

 

 

 

 

 

 

 

 

 

    

Fair Value

    

    

    

    

 

 

as of

 

 

 

 

 

 

March 31, 

 

Valuation

 

Unobservable

Warrant Liability

 

2021

 

Technique

 

Inputs

Warrant to purchase 368,780 shares of Series D Preferred Stock

 

$

2,360

 

Black Scholes option
pricing model

 

Expected volatility, term,
risk-free rate

 

Contingent consideration - Long term portion  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of changes in the fair value of the liability

 

 

 

 

Balance as of December 31, 2019

    

$

8,139

Contingent consideration paid

 

 

(171)

Reclassification of FY 2020 payment to accrued expenses

 

 

(1,590)

Change in contingent consideration value

 

 

(1,474)

Balance as of March 31, 2020

 

$

4,904

 

 

 

 

 

Balance as of December 31, 2020

    

$

6,984

Reclassification of FY 2021 payment to accrued expenses

 

 

(1,150)

Change in contingent consideration value

 

 

426

Balance as of March 31, 2021

 

$

6,260

 

Schedule of significant unobservable inputs for fair value measurements

 

 

 

 

 

 

 

 

 

    

 

Fair Value

    

  

    

  

 

 

 

as of

 

 

 

 

 

 

 

March 31, 

 

Valuation

 

Unobservable

Contingent Consideration Liability

 

 

2021

 

Technique

 

Inputs

Revenue-based Payments

 

$

6,260 

 

Discounted Cash
Flow Analysis under the
Income Approach

 

Revenue discount factor, discount rate