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, 2021

As of December 31, 2021, the Company’s cash and cash equivalents 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

As of December 31, 2020, the Company’s cash and cash equivalents were as follows:

			Gross				Cash and
			Unrealized		Fair		Cash
	Cost		Losses		Value		Equivalents
Cash	$	44,795	$	—	$	44,795	$	44,795
Level 1:
Money market funds		70,022		—		70,022		70,022
Total	$	114,817	$	—	$	114,817	$	114,817

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 Stock Warrants:

	Compensation			Performance
	Warrant			Warrant
Volatility		88	%		85	%
Risk-free rate		0.23	%		0.34	%
Term	1.7 years				4

Schedule of Contingent Consideration Liabilities Current and Non-current Balances

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		18,017		1,971		19,988		19,988
Contingent consideration, non-current		8,383		16,354		24,737		24,737
Total	$	26,400	$	18,325	$	44,725	$	44,725

Contingent Consideration [Member]

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 contingent consideration as of December 31, 2021:

	Contingent
	Consideration
Revenue volatility		15	%
Internal rate of return		45	%
Risk-free rate		1.9	%