Quarterly report pursuant to Section 13 or 15(d)

Warrant Derivative Liability (Tables)

v3.19.3.a.u2
Warrant Derivative Liability (Tables)
9 Months Ended
Sep. 30, 2019
Warrant Derivative Liability [Abstract]  
Change in Fair Value of Derivative Liabilities
The following schedule shows the change in fair value of the derivative liabilities for the period from May 6, 2019 through September 30, 2019.

Dollars in thousands
 
Warrant Liability
 
Assumption of warrants pursuant to May 6, 2019 acquisition of Better Choice Company
 
$
2,130
 
Change in fair value of derivative liability
   
(886
)
Balance as of September 30, 2019
 
$
1,244
 
Warrant Liability Fair Value Measurement Inputs and Valuation Techniques
   
May 6, 2019
   
September 30, 2019
 
Warrant Liability
           
Stock Price
 
$
6.00
   
$
4.36
 
Exercise Price
 
$
3.90
   
$
3.90
 
Expected remaining term (in years)
   
1.60 – 1.68
     
1.20 – 1.28
 
Volatility
   
64
%
   
64% – 69
%
Risk-free interest rate
   
2.39
%
   
1.72
%