Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2021
FAIR VALUE MEASUREMENTS  
Schedule of fair value hierarchy of financial instruments, measured at fair value

    

Fair Value Measurement as of September 30, 2021

($in thousands)

    

Level 1

    

Level 2

    

Level 3

    

Total

Liabilities

  

  

  

  

Derivative warrant liabilities

$

$

$

4,365

$

4,365

Total

$

$

$

4,365

$

4,365

Schedule of roll-forward of changes in fair value of Level 3 financial instruments

    

Warrants

($in thousands)

liabilities

Balance at December 31, 2020

$

Additions:

 

  

Contingent payment warrant

 

3,819

Placement agent warrant

 

362

Change in fair value of warrant liability

184

Balance at September 30, 2021

$

4,365

Contingent Payment Warrant  
FAIR VALUE MEASUREMENTS  
Schedule of weighted average significant unobservable inputs used in measuring liabilities

    

September 30, 2021

 

Discount rate

 

30

%

Expected dividend yield

 

Expected term

 

3 months to 5 years