Veritone, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Financial Instruments (Tables)

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

The Company’s money market funds are categorized as Level 1 within the fair value hierarchy. As of December 31, 2023, the Company’s cash and cash equivalents were as follows:


			Gross				Cash and
			Unrealized		Fair		Cash
	Cost		Losses		Value		Equivalents
Cash	$	79,439	$	—	$	79,439	$	79,439
Total	$	79,439	$	—	$	79,439	$	79,439

As of December 31, 2022, the Company’s cash and cash equivalents balances were as follows:


			Gross				Cash and
			Unrealized		Fair		Cash
	Cost		Losses		Value		Equivalents
Cash	$	183,381	$	—	$	183,381	$	183,381
Level 1:
Money market funds		1,042		—		1,042		1,042
Total	$	184,423	$	—	$	184,423	$	184,423

Schedule of Contingent Consideration Liabilities Current and Non-current Balances

As of December 31, 2023, the Company’s contingent consideration liabilities current and non-current balances were as follows:


	Fair Value as of		Changes in		Amount Paid			Fair Value as of
	January 1, 2023		Fair Value		To Date			December 31, 2023
Level 3:
Contingent consideration, current	$	8,067	$	1,651	$	(8,718	)	$	1,000
Contingent consideration, non-current		—		633		—			633
Total	$	8,067	$	2,284	$	(8,718	)	$	1,633

As of December 31, 2022, the Company’s contingent consideration liabilities current and non-current balances were as follows:


	Fair Value as of		Changes in			Amount Paid			Reclass from Non-current to			Fair Value as of
	January 1, 2022		Fair Value			To Date			Current			December 31, 2022
Level 3:
Contingent consideration, current	$	20,053	$	(22,703	)	$	(20,816	)	$	31,533		$	8,067
Contingent consideration, non-current		31,533		—			—			(31,533	)		—
Total	$	51,586	$	(22,703	)	$	(20,816	)	$	—		$	8,067

Schedule of Fair Value Assumptions

The following assumptions were used to compute the fair value of the warrants issued during the year ended December 31, 2023:


	Year Ended
	December 31, 2023
Expected term (in years)		5.0
Expected volatility	95%
Risk-free interest rate	5.5%
Expected dividend yield		—