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Fair value (Tables)
6 Months Ended
Jun. 30, 2022
Financial instruments  
Schedule of Fair value hierarchy for assets and liabilities

The following table presents the Company’s fair value hierarchy for assets and liabilities measured at fair value as of June 30, 2022 and December 31, 2021:

 

June 30, 2022

 

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

Recurring

Certificate of deposit

$

$

2,518,493

$

$

2,518,493

Net asset arising from put/call options

404,000

404,000

 

December 31, 2021

 

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

  

 

  

 

  

 

  

Recurring

  

 

  

 

  

 

  

Certificate of deposit

$

$

2,500,000

$

$

2,500,000

Net asset arising from put/call options

128,000

128,000

Schedule of Net liability arising from put/call options

The activity for the Level 3 asset for the six months ended June 30, 2022:

Net asset arising from put/call options

    

Balance as of December 31, 2021

$

128,000

Unrealized gain

 

276,000

Balance as of June 30, 2022

$

404,000