Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.21.1
Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
A financial asset or liability’s classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement. Assets and liabilities measured at fair value and fair value measurement level were as follows:
March 31, 2021 December 31, 2020
Fair Value Level 1 Level 2 Level 3 Fair Value Level 1 Level 2 Level 3
Assets
Investment in LMC $ 193,950,792  $ 193,950,792  $ —  $ —  $ 330,556,744  $ 330,556,744  $ —  $ — 
Total assets at fair value $ 193,950,792  $ 193,950,792  $ —  $ —  $ 330,556,744  $ 330,556,744  $ —  $ — 
Liabilities
Convertible notes $ 182,200,000  $ —  $ —  $ 182,200,000  $ 197,700,000  $ —  $ —  $ 197,700,000 
Total liabilities at fair value $ 182,200,000  $ —  $ —  $ 182,200,000  $ 197,700,000  $ —  $ —  $ 197,700,000