Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.20.1
Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis
The following table sets forth a reconciliation of the warrant liability:

March 31, 2020
Warrant liability, beginning of year $ 16,335,000   
Fair value of new warrants issued —   
Change in fair value for the period (9,145,000)  
Warrant liability, end of period $ 7,190,000   
The following table sets forth a reconciliation of the Convertible Note:

March 31, 2020
Convertible Note, beginning of year $ 39,020,000   
Conversion of Convertible Note into common stock (4,335,557)  
Change in fair value for the period (5,994,443)  
Change in fair value for the period, attributed to changes in credit risk (1,100,000)  
Convertible Note, end of period $ 27,590,000