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, 2022

The Company’s money market funds are categorized as Level 1 within the fair value hierarchy. As of December 31, 2022, the Company’s cash and cash equivalents 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

As of December 31, 2021, the Company’s cash and cash equivalents balances were as follows:


			Gross				Cash and
			Unrealized		Fair		Cash
	Cost		Losses		Value		Equivalents
Cash	$	253,693	$	—	$	253,693	$	253,693
Level 1:
Money market funds		1,029		—		1,029		1,029
Total	$	254,722	$	—	$	254,722	$	254,722

Schedule of Contingent Consideration Liabilities Current and Non-current Balances

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


			Changes in			Amount Paid			Reclass from Non-current to			Fair
	Cost		Fair Value			To Date			Current			Value
Level 3:
Contingent consideration, current	$	18,128	$	(10,629	)	$	(20,816	)	$	21,384		$	8,067
Contingent consideration, non-current		21,384		—			—			(21,384	)		—
Total	$	39,512	$	(10,629	)	$	(20,816	)	$	—		$	8,067

As of December 31, 2021, the Company’s contingent consideration liabilities current and non-current balances were as follows:


			Changes in		Fair		Contingent
	Cost		Fair Value		Value		Consideration
Level 3:
Contingent consideration, current	$	18,128	$	1,925	$	20,053	$	20,053
Contingent consideration, non-current		21,384		10,149		31,533		31,533
Total	$	39,512	$	12,074	$	51,586	$	51,586

Summary of Quantitative Information with Respect to Significant Unobservable Inputs

The following table summarizes quantitative information with respect to the significant unobservable inputs that were used to value the 2020 Performance Warrant:


	Performance Warrant
Volatility		85	%
Risk-free rate		0.3	%
Term		4