XML 31 R20.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Measurements  
Schedule of assets and liabilities measured and recorded in financial statements at fair value on a recurring basis

 

March 31, 2022

 

(In thousands)

Total

Level 1

Level 2

Level 3

 

Assets

Cash

$

250

$

250

$

$

Cash equivalents – money market funds

27,743

27,743

Total assets

$

27,993

$

27,993

$

$

December 31, 2021

(In thousands)

Total

Level 1

Level 2

Level 3

Assets

Cash

$

250

$

250

$

$

Cash equivalents – money market funds

32,295

32,295

Total assets

$

32,545

$

32,545

$

$

Schedule of reconciliation measured at fair value on a recurring basis using unobservable inputs

Future

Warrant

Tranche Right

(In thousands)

Liability

Liability

Balance, December 31, 2020

 

$

6,983

$

118,803

Change in the fair value of liability (1)

 

 

(6,983)

 

(118,803)

Balance, March 31, 2021

 

$

$

(1)During the three months ended March 31, 2021, the Company’s liability-classified warrants and future tranche rights terminated, and accordingly, the liabilities were derecognized.