| 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 consolidated balance sheet as of December 31, 2023 and indicates the fair value hierarchy of the valuation inputs utilized to determine such fair value.
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|
|
|
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|
|
|
|
|
|
|
|
December 31, 2023 |
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|
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Assets |
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Total |
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Level 1 |
|
|
Level 2 |
|
|
Level 3 |
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Short-term investments: |
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|
|
|
|
|
|
|
|
|
|
|
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, Promissory Note and RLNs and indicates the fair value hierarchy of the valuation inputs utilized to determine the approximate fair value:
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|
|
|
|
|
|
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|
December 31, 2024 |
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|
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|
|
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Current liabilities |
|
Book Value |
|
|
Approximate Fair Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Exchangeable Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term exchangeable notes |
|
$ |
14,463 |
|
|
$ |
14,444 |
|
|
$ |
— |
|
|
$ |
14,444 |
|
|
$ |
— |
|
Total current liabilities |
|
$ |
14,463 |
|
|
$ |
14,444 |
|
|
$ |
— |
|
|
$ |
14,444 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promissory Note |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term promissory note |
|
|
20,300 |
|
|
|
20,412 |
|
|
|
— |
|
|
|
20,412 |
|
|
|
— |
|
Revenue Futures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Royalty-linked notes |
|
|
10,771 |
|
|
|
10,771 |
|
|
|
— |
|
|
|
— |
|
|
|
10,771 |
|
Total |
|
$ |
31,071 |
|
|
$ |
31,183 |
|
|
$ |
— |
|
|
$ |
20,412 |
|
|
$ |
10,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term liabilities |
|
Book Value |
|
|
Approximate Fair Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Exchangeable Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term exchangeable notes |
|
$ |
11,453 |
|
|
$ |
11,645 |
|
|
$ |
— |
|
|
$ |
11,645 |
|
|
$ |
— |
|
Revenue Futures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Royalty-linked notes |
|
|
7,503 |
|
|
|
7,503 |
|
|
|
— |
|
|
|
— |
|
|
|
7,503 |
|
Total |
|
$ |
18,956 |
|
|
$ |
19,148 |
|
|
$ |
— |
|
|
$ |
11,645 |
|
|
$ |
7,503 |
|
|