Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
SCHEDULE OF FINANCIAL INSTRUMENT MEASURED ON RECURRING BASIS

    As of March 31, 2024     Fair Value Measurements  
          Fair     As of March 31, 2024  
    Amount     Value     Level 1     Level 2     Level 3  
                               
Liabilities:                                        
Contingent consideration:                                        
Asuragen (1)   $ 248     $ 248     $ -     $ -     $ 248  
Note payable:                                        
BroadOak loan     9,400       8,841       -       -       8,841  
    $ 9,648     $ 9,089     $ -     $ -     $ 9,089  

 

(1) See Note 9, Other Accrued Expenses

 

    As of December 31, 2023     Fair Value Measurements  
    Carrying     Fair     As of December 31, 2023  
    Amount     Value     Level 1     Level 2     Level 3  
Liabilities:                              
Contingent consideration:                                        
Asuragen (1)   $ 453     $ 453     $ -     $ -     $ 453  
Note payable:                                        
BroadOak loan     10,000       9,343       -       -       9,343  
    $ 10,453     $ 9,796     $ -     $ -     $ 9,796  

 

(1) See Note 9, Other Accrued Expenses
SCHEDULE OF FAIR VALUE, ASSETS MEASURED ON RECURRING BASIS, UNOBSERVABLE INPUT RECONCILIATION

A roll forward of the carrying value of the Contingent Consideration Liability and BroadOak loans to March 31, 2024 is as follows:

 

                            Adjustment        
    December 31,
2023
    Payments     Reversals     Accretion/
Interest
Accrued
    to Fair
Value/
Mark to
Market
    March 31,
2024
 
                                     
Asuragen   $                 453     $ -     $ (224 )   $        19     $        -     $ 248  
                                                 
BroadOak loans     9,343       (600 )     -       -       98       8,841  
                                                 
    $ 9,796     $ (600 )   $ (224 )   $ 19     $ 98     $ 9,089