Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.21.2
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 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 nine months ended September 30, 2021:

 

(in thousands)

 

Level 3

(Black Scholes)

 

Liability at December 31, 2020

 

$

16,516

 

Gain during the nine months ended September 30, 2021

 

 

(10,405

)

Liability at September 30, 2021

 

$

6,111

 

Summary of Input Variables

The input variables for the Black Scholes are noted in the table below:

 

 

 

2021

 

 

2020

 

Risk-free interest rate

 

 

0.80

%

 

 

0.36

%

Expected life in years

 

 

4.21

 

 

 

5

 

Expected volatility

 

 

35.0

%

 

 

30.0

%

Expected dividend yield

 

 

0

%

 

 

0

%