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

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of financial assets measured at fair value on a recurring basis

The following fair value hierarchy table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the fair value hierarchy of the inputs the Company utilized to determine such fair value (in thousands):


	September 30, 2024
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Items		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Money market funds	$	9,043	$	—	$	—	$	9,043
Other investments		—		—		2,000		2,000
Total assets	$	9,043	$	—	$	2,000	$	11,043


	December 31, 2023
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Items		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Money market funds	$	40,799	$	—	$	—	$	40,799
Equity securities		625		—		—		625
Other investments		—		—		2,000		2,000
Total assets	$	41,424	$	—	$	2,000	$	43,424

Schedule of Level 3 assets measured at fair value

. The following table presents information about the Company’s movement in Level 3 assets measured at fair value (in thousands):


	Nine Months Ended September 30,
	2024		2023
Balance at beginning of period	$	2,000	$	2,000
Balance at end of period	$	2,000	$	2,000

Schedule of Level 3 liabilities measured at fair value

The following table presents information about the Company’s movement in Level 3 liabilities measured at fair value (in thousands):


	Nine Months Ended September 30,
	2024		2023
Balance at beginning of period	$	—	$	2,587
Payment of contingent consideration liability		—		(2,390)
Change in fair value		—		(197)
Balance at end of period	$	—	$	—

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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