Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

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

September 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:

September 30, 2020
Convertible Note, beginning of year $ 39,020,000 
Conversion of Convertible Note into common stock (148,977,683)
Change in fair value for the period and loss on conversion to common stock 111,057,683 
Change in fair value for the period, attributed to changes in credit risk (1,100,000)
Convertible Note, end of period $ — 

The following table sets forth a reconciliation of the Convertible Note II:

September 30, 2020
Convertible Note II, beginning of year $ — 
Fair value of Convertible Note II on issuance 68,925,000 
Conversion of Convertible Note II into common stock — 
Change in fair value for the period 52,892,001 
Change in fair value for the period, attributed to changes in credit risk — 
Convertible Note II, end of period $ 121,817,001