Annual report pursuant to Section 13 and 15(d)

Company Description and Summary of Significant Accounting Policies (Tables)

v3.23.1
Company Description and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Company Description and Summary of Significant Accounting Policies [Abstract]  
Fair Value of Financial Instruments Measured on a Recurring Basis
The fair value of financial instruments measured on a recurring basis is as follows (in thousands):
 
   
As of December 31, 2022
 
Description
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Assets:
                 
Short-term investments
 
$
49
   
$
49
   
$
   
$
 
Total assets at fair value
 
$
49
   
$
49
   
$
   
$
 

   
As of December 31, 2021
 
Description
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Assets:
                 
Short-term investments
 
$
219
   
$
219
   
$
   
$
 
Total assets at fair value
 
$
219
   
$
219
   
$
   
$
 
Fair Value, Investments Measured on a Recurring Basis
The following table provides a roll-forward of investments measured at fair value on a recurring basis using observable level 1 inputs for the year ended December 31, 2022 and 2021 (in thousands):

 
 
2022
   
2021
 
Short-term investments
           
Balance as of beginning of period
 
$
219
   
$
 
Receipt of investments related to license agreement
   
     
289
 
Unrealized loss
   
(170
)
   
(70
)
Balance as of end of period
 
$
49
   
$
219
 
Warrant Liabilities Measured at Fair Value on a Recurring Basis
The following table provides a roll-forward of the warrant liabilities measured at fair value on a recurring basis using unobservable level 3 inputs for the year ended December 31,  2021 (in thousands):

 
  2021
 
Warrant liabilities
     
Balance as of beginning of period
 
$
27,964
 
Change in fair value of warrant liabilities
   
33,829
 
Reclassification of warrants from liability to equity
   
(61,793
)
Balance as of end of period
 
$