Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.23.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Warrants to Purchase Common Stock [Member]  
Schedule of revaluation of warrant liability

Warrants

($ in thousands)

    

liabilities

    

Balance at December 31, 2020

$

Journey contingent payment liability

3,819

Journey placement agent warrant

362

Change in fair value of contingent payment liability

447

Satisfaction of partner company contingent payment

(4,628)

Balance at December 31, 2021

$

Checkpoint Series A & B common stock warrants

7,640

Checkpoint placement agent warrants

278

Avenue common stock warrants

8,278

Urica placement agent warrants

90

Change in fair value of common stock warrants - Avenue

(5,669)

Change in fair value of common stock warrants - Checkpoint

3,252

Balance at December 31, 2022

$

13,869

Warrants to Purchase Common Stock [Member] | Checkpoint Common Stock Warrants  
Schedule of revaluation of warrant liability

Checkpoint

Warrant

($ in thousands)

Liability

Common stock warrant liabilities at December 31, 2021

$

-

Issuance of Checkpoint common warrants

7,640

Issuance of placement agent warrants

278

Change in fair value of common stock warrant liabilities

3,252

Common Stock Warrant liabilities at December 31, 2022

$

11,170

Warrants to Purchase Common Stock [Member] | Avenue Therapeutics, Inc [Member]  
Schedule of revaluation of warrant liability

Avenue

Warrant

($ in thousands)

Liability

Common stock warrant liabilities at December 31, 2021

$

-

Issuance of Avenue common warrants

8,278

Change in fair value of common stock warrant liabilities

(5,669)

Common Stock Warrant liabilities at December 31, 2022

$

2,609

Summary of the Weighted average Significant Unobservable Inputs

December 31

2022

Risk-free interest rate

    

4.02% - 4.14

%  

Expected dividend yield

 

 

Expected term in years

 

4.8 - 5.0

 

Expected volatility

 

92.8% - 90.3

%  

Warrants to Purchase Common Stock [Member] | Journey  
Summary of the Weighted average Significant Unobservable Inputs

December 31

2022

Risk-free interest rate

    

0.98

%  

Expected dividend yield

 

 

Expected term in years

 

1.00

 

Expected volatility

 

0.50

%  

Warrants to Purchase Common Stock [Member] | Urica  
Summary of the Weighted average Significant Unobservable Inputs

December 31

2022

Risk-free interest rate

    

3.94

%  

Expected dividend yield

 

 

Expected term in years

 

1.5

 

Expected volatility

 

70.7

%  

Series A Warrants | Checkpoint Common Stock Warrants  
Summary of the Weighted average Significant Unobservable Inputs

December 16,

December 31,

Checkpoint Series A Warrants

2022

2022

Exercise price

$

4.08

$

4.08

Volatility

89.5

%

89.4

%

Expected life

5.0

5.0

Risk-free rate

3.6

%

4.0

%

Dividend yield

Series B Warrants | Checkpoint Common Stock Warrants  
Summary of the Weighted average Significant Unobservable Inputs

December 16,

December 31,

Checkpoint Series B Warrants

2022

2022

Exercise price

$

4.08

$

4.08

Volatility

79.1

%

82.4

%

Expected life

1.5

1.5

Risk-free rate

4.2

%

4.7

%

Dividend yield

Placement Agent Warrants [Member] | Checkpoint Common Stock Warrants  
Summary of the Weighted average Significant Unobservable Inputs

December 16,

December 31,

Checkpoint Placement Agent Warrants

2022

2022

Exercise price

$

5.51

$

5.41

Volatility

59.5

%

89.4

%

Expected life

5.0

5.0

Risk-free rate

3.6

%

4.0

%

Dividend yield