Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.24.3
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
SCHEDULE OF FINANCIAL INSTRUMENT MEASURED ON RECURRING BASIS

 

    As of September 30, 2024     Fair Value Measurements  
          Fair     As of September 30, 2024  
    Amount     Value     Level 1     Level 2     Level 3  
                               
Liabilities:                                        
Contingent consideration:                                        
Asuragen (1)   $ -     $ -     $ -     $ -     $ -  
Note payable:                                        
BroadOak loan     5,900       5,688       -       -       5,688  
    $ 5,900     $ 5,688     $ -     $ -     $ 5,688  

 

(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 Loan to September 30, 2024 is as follows:

 

                            Adjustment        
                            to Fair        
    December 31, 2023     Payments     Transferred to Accrued Expenses     Accretion/Interest Accrued    

Value/

Mark to Market

    September 30, 2024  
                                     
Asuragen   $                   453     $ -     $ (487 )   $ 34     $ -     $                         -  
                                                 
BroadOak loans     9,343       (4,100 )     -       -       445       5,688  
                                                 
    $ 9,796     $ (4,100 )   $ (487 )   $ 34     $ 445     $ 5,688