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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Liabilities

The following tables provide details regarding the classification of these liabilities within the fair value hierarchy as of the dates presented:

 

 

As of March 31, 2024

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration obligation

$

-

 

 

$

-

 

 

$

6,509

 

 

$

6,509

 

Total liabilities

$

-

 

 

$

-

 

 

$

6,509

 

 

$

6,509

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2023

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration obligation

$

-

 

 

$

-

 

 

$

6,693

 

 

$

6,693

 

Total liabilities

$

-

 

 

$

-

 

 

$

6,693

 

 

$

6,693

 

 

Schedule of Changes in the Fair Value of Level III Financial Instruments

The changes in the fair value of Level III financial instruments are set forth below:

 

Contingent Consideration Liability

 

 

 

 

For the Three Months Ended March 31,

 

 

 

 

 

 

2024

 

 

2023

 

Balance, beginning of year:

 

 

 

 

$

6,693

 

 

$

17,337

 

Change in fair value

 

 

 

 

 

30

 

 

 

390

 

   Settlements

 

 

 

 

 

(214

)

 

 

(688

)

Balance, end of period:

 

 

 

 

$

6,509

 

 

$

17,039