Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Warrants Outstanding [Table Text Block]

As of September 30, 2020, the following warrants for the purchase of Qumu's common stock were outstanding and exercisable:

Description	Number of underlying warrant shares	Warrant exercise price (per share)		Warrant expiration date
Warrant issued in conjunction with October 2016 debt financing ("Hale warrant")	314,286	$	2.80	October 21, 2026
Warrant issued to sales partner, iStudy Co., Ltd. ("iStudy warrant")	100,000	$	2.43	August 31, 2028
Total warrants outstanding	414,286

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The Company’s liabilities measured at fair value on a recurring basis and the fair value hierarchy utilized to determine such fair values is as follows at September 30, 2020 and December 31, 2019 (in thousands):

			Fair Value Measurements Using
	Total Fair Value at September 30, 2020		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liabilities:
Warrant liability - Hale	$	1,462	$	—	$	—	$	1,462
Warrant liability - iStudy	352		—		—		352
Warrant liability	$	1,814	$	—	$	—	$	1,814
Derivative liability	$	36	$	—	$	—	$	36
Total	$	1,850	$	—	$	—	$	1,850

			Fair Value Measurements Using
	Total Fair Value at December 31, 2019		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liabilities:
Warrant liability - ESW	$	2,149	$	—	$	—	$	2,149
Warrant liability - Hale	645		—		—		645
Warrant liability - iStudy	145		—		—		145
Total	$	2,939	$	—	$	—	$	2,939

Schedule of Unobservable Inputs [Table Text Block]

The following table represents the significant unobservable input used in the fair value measurement of Level 3 warrant liability instruments:

	September 30, 2020
Probability-weighted timing of change in control	5.1 years

Schedule of Changes in Fair Value of Liabilities Measured on Recurring Basis

The following table summarizes the changes in fair value measurements for the nine months ended September 30, 2020:

	Warrant liability		Derivative liability		Total
Balance at December 31, 2019	$	2,939	$	—	$	2,939
Cancellation of ESW warrant liability (Note 3)	(1,855)		—		(1,855)
Issuance of derivative liability upon cancellation of ESW warrant	—		140		140
Change in fair value	730		(104)		626
Balance at September 30, 2020	$	1,814	$	36	$	1,850