Registration of securities issued in business combination transactions

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Fair Value Disclosures [Abstract]    
Financial assets and liabilities measured at fair value on a recurring basis

Financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2021 and December 31, 2020, are summarized below:

                       
  June 30, 2021
                       
  Level 1   Level 2   Level 3   Total Fair Value
Cash equivalents:                      
Money Market Funds $ 11,564,000   $ —   $ —   $ 11,564,000
Subtotal   11,564,000     —     —     11,564,000
                       
Short-term investments:                      
Corporate Notes/Bonds   —     1,705,000     —     1,705,000
Subtotal   —     1,705,000     —     1,705,000
                       
Long-term investments:                      
Corporate Notes/Bonds   —     4,523,000     —     4,523,000
Convertible debt   —     —     374,000     374,000
Subtotal   —     4,523,000     374,000     4,897,000
                       
Total $ 11,564,000   $ 6,228,000   $ 374,000   $ 18,166,000

 

  December 31, 2020
                       
  Level 1   Level 2   Level 3   Total Fair Value
Cash equivalents:                      
Money Market Funds $ 9,424,000   $ —   $ —   $ 9,424,000
Subtotal   9,424,000     —     —     9,424,000
                       
Short-term investments:                      
Commercial Paper   —     700,000     —     700,000
Corporate Notes/Bonds   —     2,059,000     —     2,059,000
Subtotal   —     2,759,000     —     2,759,000
                       
Long-term investments:                      
Corporate Notes/Bonds   —     5,605,000     —     5,605,000
Convertible debt   —     —     605,000     605,000
Subtotal   —     5,605,000     605,000     6,210,000
                       
Current Liabilities:                      
Contingent Consideration   —     —     (550,000)     (550,000)
Subtotal   —     —     (550,000)     (550,000)
                       
Total $ 9,424,000   $ 8,364,000   $ 55,000   $ 17,843,000

Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2020 and 2019, are summarized below:

 

    December 31, 2020        
                         
    Level 1     Level 2     Level 3     Total Fair Value  
                                 
Cash equivalents:                                
Money Market funds   $ 9,424,000     $ —     $ —     $ 9,424,000  
Subtotal     9,424,000       —       —       9,424,000  
                                 
Short-term investments:                                
Commercial Paper     —       700,000       —       700,000  
Corporate Notes/Bonds     —       2,059,000       —       2,059,000  
Subtotal     —       2,759,000       —       2,759,000  
                                 
Long-term investments:                                
Corporate Notes/Bonds     —       5,605,000       —       5,605,000  
Convertible Debt     —       —       605,000       605,000  
Subtotal     —       5,605,000       605,000       6,210,000  
                                 
Current Liabilities:                                
Accrued Consideration     —       —       (550,000 )     (550,000 )
Subtotal     —       —       (550,000 )     (550,000 )
                                 
Total   $ 9,424,000     $ 8,364,000     $ 55,000     $ 17,843,000  

 

    December 31, 2019        
                         
    Level 1     Level 2     Level 3     Total Fair Value  
                                 
Cash equivalents:                                
Money Market funds   $ 8,761,000     $ —     $ —     $ 8,761,000  
Subtotal     8,761,000       —       —       8,761,000  
                                 
Short-term investments:                                
Commercial Paper     —       8,694,000       —       8,694,000  
Corporate Notes/Bonds     —       756,000       —       756,000  
Subtotal     —       9,450,000       —       9,450,000  
                                 
Long-term investments:                                
Convertible Debt     —       —       250,000       250,000  
Subtotal     —       —       250,000       250,000  
                                 
Total   $ 8,761,000     $ 9,450,000     $ 250,000     $ 18,461,000