Veritone, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Investments, All Other Investments [Abstract]

The Company’s money market funds are categorized as Level 1 within the fair value hierarchy. As of September 30, 2023, the Company’s cash and cash equivalents were as follows:


			Gross				Cash and
			Unrealized		Fair		Cash
	Cost		Losses		Value		Equivalents
Cash	$	72,070	$	—	$	72,070	$	72,070
Total	$	72,070	$	—	$	72,070	$	72,070

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 September 30, 2023, the Company’s contingent consideration liabilities current and non-current balances classified as Level 3 were as follows:


	Fair Value as of		Changes in		Amount Paid			Fair Value as of
	January 1, 2023		Fair Value		To Date			September 30, 2023
Level 3:
Contingent consideration, current	$	8,067	$	651	$	(8,718	)	$	—
Total	$	8,067	$	651	$	(8,718	)	$	—

As of December 31, 2022, the Company’s contingent consideration liabilities current and non-current balances classified as Level 3 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