Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Assets and Liabilities (Tables)

Fair Value of Financial Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Financial Assets Measured at Fair Value

The following table presents information about the Company’s financial assets that were carried at fair value on a recurring basis on the condensed consolidated balance sheet as of September 30, 2024 and December 31, 2023 and indicates the fair value hierarchy of the valuation inputs utilized to determine such fair value.


September 30, 2024
Assets	Total		Level 1		Level 2		Level 3
Short-term investments:
U.S. Treasury bonds	$	1,096	$	—	$	1,096	$	—
	$	1,096	$	—	$	1,096	$	—

December 31, 2023
Assets	Total		Level 1		Level 2		Level 3
Short-term investments:
Corporate bonds	$	1,179	$	—	$	1,179	$	—
Commercial paper		3,287		—		3,287		—
U.S. Treasury bonds		13,393		—		13,393		—
	$	17,859	$	—	$	17,859	$	—

Summary of Long Term And Short Term Debt at Fair Value Hierarchy of Valuation Inputs Utilized to Determine Fair Value

The following table presents information about the Company’s Exchangeable Notes and RLNs and indicates the fair value hierarchy of the valuation inputs utilized to determine the approximate fair value:


September 30, 2024	Book		Approximate
Short-term Liabilities	Value		Fair Value		Level 1		Level 2		Level 3
Exchangeable Notes
Exchangeable note	$	13,708	$	13,744	$	—	$	13,744	$	—
Total short-term liabilities	$	13,708	$	13,744	$	—	$	13,744	$	—
Long-term Liabilities
Revenue Futures
Royalty-linked notes		8,728		8,728		—		—		8,728
Total long-term liabilities	$	8,728	$	8,728	$	—	$	—	$	8,728

December 31, 2023	Book		Approximate
Long-term Liabilities	Value		Fair Value		Level 1		Level 2		Level 3
Exchangeable Notes
Long-term exchangeable note	$	11,453	$	11,645	$	—	$	11,645	$	—
Revenue Futures
Royalty-linked notes		7,503		7,503		—		—		7,503
Total long-term liabilities	$	18,956	$	19,148	$	—	$	11,645	$	7,503