Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.21.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2021
Stockholders' Equity Note [Abstract]  
Summary of Analysis of Changes in Warrant Liability
The following is an analysis of changes in the warrant liability for the three months ended March 31, 2021:
 
(in thousands)
  
Level 3 (Black
Scholes)
 
Liability at December 31, 2020
   $ 16,516  
Loss during the three months ended March 31, 2021
     4,946  
    
 
 
 
Liability at March 31, 2021
   $ 21,462  
    
 
 
 
Summary of Input Variables
The input variables for the Black Scholes are noted in the table below:
 
    
2021
   
2020
 
Risk-free interest rate
     0.84     0.36
Expected life in years
     4.72       5  
Expected volatility
     30.0     30.0
Expected dividend yield
     0     0