Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

FAIR VALUE INFORMATION

v3.23.2
FAIR VALUE INFORMATION
 12 Months Ended
Dec. 31, 2022
FAIR VALUE INFORMATION

NOTE 29 — FAIR VALUE INFORMATION

 

Fair value hierarchy

 

The table below analyses assets and liabilities carried at fair value. The different levels are defined as follows:

 

Level 1: Quoted unadjusted prices in active markets for identical assets or liabilities that the Company can access at measurement date.

 

Level 2: Inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly.

 

Level 3: Unobservable inputs for the asset or liability.

 

 

As of December 31, 2022 and 2021, the Company’s financial assets and liabilities by level within the fair value hierarchy are as follows:

 

    Level 1     Level 2     Level 3     Total  
    As of December 31, 2022  
    Level 1     Level 2     Level 3     Total  
FINANCIAL ASSETS                                
Cash and Restricted Cash   $ 16,829,385     $ —     $ —     $ 16,829,385  
                                 
FINANCIAL LIABILITIES                                
Contingent liabilities     —       —       36,488,594       36,488,594  

 

    Level 1     Level 2     Level 3     Total  
    As of December 31, 2021  
    Level 1     Level 2     Level 3     Total  
FINANCIAL ASSETS                                
Cash   $ 1,784,938     $ —     $ —     $ 1,784,938