Note 4 - Fair Value Measurements

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Fair Value Disclosures [Text Block]

4. Fair Value Measurements

The Company has certain cash equivalents in money market funds that are classified within Level 1 of the fair value hierarchy and are valued based on quoted prices in active markets. For cash, accounts receivables, accounts payable, and accrued interest, the carrying amounts approximate fair value, because of the short maturity of these instruments, and therefore fair value information is not included in the table below. Contingent consideration related to the previously described business combinations are classified within Level 3 of the fair value hierarchy as the determination of fair value uses considerable judgement and represents the Company’s best estimate of an amount that could be realized in a market exchange for the asset or liability. There were no transfers between fair value levels during the six-month periods ended June 30, 2022 or 2021. See Note 3, Business Combinations for additional discussion of contingent consideration as of June 30, 2022.

			Active Markets		Significant Other		Significant
			for Identical Assets		Observable Inputs		Unobservable Inputs
	June 30, 2022		(Level 1)		(Level 2)		(Level 3)		Amortized Cost
Cash equivalents:
Money Market Funds	$	67,112	$	67,112	$	-	$	-	$	67,112
Other current liabilities:
Contingent Consideration - Short Term	$	4,315	$	-	$	-	$	4,315	$	-

			Active Markets		Significant Other		Significant
			for Identical Assets		Observable Inputs		Unobservable Inputs
	December 31, 2021		(Level 1)		(Level 2)		(Level 3)		Amortized Cost
Cash equivalents:
Money Market Funds	$	67,046	$	67,046	$	-	$	-	$	67,046
Other current liabilities:
Contingent Consideration - Short Term	$	4,315	$	-	$	-	$	4,315	$	-

Contingent Consideration

The following table provides a rollforward of the contingent consideration related to business acquisitions discussed in Note 3, Business Combinations

	Six Months Ended June 30,
	2022		2021
Balance, beginning	$	4,315	$	35,410
Change in fair value		-		(18,470	)
Balance, ending	$	4,315	$	16,940