Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.20.2
Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis
The following table sets forth a reconciliation of the warrant liability:

June 30, 2020
Warrant liability, beginning of year $ 16,335,000   
Exercise of warrants (28,511,690)  
Change in fair value for the period 12,176,690   
Warrant liability, end of period $ —   
The following table sets forth a reconciliation of the Convertible Note:

June 30, 2020
Convertible Note, beginning of year $ 39,020,000   
Conversion of Convertible Note into common stock (38,735,019)  
Change in fair value for the period and loss on conversion to common stock 96,145,019   
Change in fair value for the period, attributed to changes in credit risk (1,100,000)  
Convertible Note, end of period $ 95,330,000