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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Measurements  
Schedule of assets and liabilities measured and recorded in financial statements at fair value on a recurring basis

 

September 30, 2022

 

(In thousands)

Total

Level 1

Level 2

Level 3

 

Assets

Cash

$

4,680

$

4,680

$

$

Cash equivalents – money market funds

22,115

22,115

Total assets

$

26,795

$

26,795

$

$

Liabilities

Warrant liability

$

3,750

$

$

$

3,750

Series X preferred stock liability

20,400

20,400

Total liabilities

$

24,150

$

$

$

24,150

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

(In thousands)

Balance, December 31, 2021

 

$

Issuance in connection with Acquisition of Aceragen

3,866

Change in fair value

(116)

Balance, September 30, 2022

 

$

3,750