Registration statement for securities of certain foreign private issuers

FAIR VALUE INFORMATION

v3.23.3
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