Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.10.0.1
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of Level 3 Fair Value Measurements

The following table provides a rollforward of the Company’s Level 3 fair value measurements:


 

 

Contingent Consideration

 

Balance at December 31, 2017

 

$

2,609,289

 

Change in fair value

 

 

665,936

 

Balance at September 30, 2018

 

$

3,275,225

 

Schedule of Inputs and Valuation Methodologies Used for Fair Value of Contingent Consideration

The following table presents quantitative information about the inputs and valuation methodologies used for the Company’s fair value measurements of contingent consideration classified as Level 3 as of September 30, 2018:


 

 

Valuation
Methodology

 

 

Significant
Unobservable Input

 

Weighted Average
(range, if applicable)

 

 

 

 

 

 

 

 

Contingent Consideration

 

Probability weighted
income approach

 

 

Milestone dates

 

2019-2026

 

 

 

 

 

Discount rate

 

3.9% to 9.3%

 

 

 

 

 

Probability of occurrence

 

23% - 86%