Company: ZVRA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001434647-25-000011
Chunk: 78

Company: ZEVRA THERAPEUTICS, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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 Company to develop its own assumptions.The carrying amounts of certain financial instruments, including cash and cash equivalents, accounts and other receivables, and accounts payable and accrued expenses approximate their respective fair values due to the short-term nature of such instruments.Assets and Liabilities Measured at Fair Value on a Recurring BasisThe Company evaluates its financial assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level in which to classify them for each reporting period. This determination requires significant judgments to be made. The following table summarizes the conclusions reached regarding fair value measurements as of September 30, 2025, and December 31, 2024 (in thousands):Balance as of September 30, 2025Quoted Prices in ActiveMarkets for Identical Assets(Level 1)Significant Other ObservableInputs (Level 2)Significant UnobservableInputs (Level 3)CVR liability$1,750 $— $— $1,750 Warrant liabilities13,767 — — 13,767 Total liabilities$15,517 $— $— $15,517 Securities:U.S. Treasury securities$107,083 $107,083 $— $— Corporate bonds68,852 — 68,852 — Total assets$175,935 $107,083 $68,852 $— 

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Balance as of December 31, 2024Quoted Prices in ActiveMarkets for Identical Assets(Level 1)Significant Other ObservableInputs (Level 2)Significant UnobservableInputs (Level 3)CVR liability$3,500 $— $— $3,500 Warrant liabilities17,804 — — 17,804 Total liabilities$21,304 $— $— $21,304 Securities:U.S. Treasury securities$35,711 $35,711 $— $— Corporate bonds6,010 — 6,010 — Total assets$41,721 $35,711 $6,010 $— WarrantsThe common stock warrant liabilities were recorded at fair value using the BSM option pricing model. The following assumptions were used in determining the fair value of the warrant liabilities valued using the BSM option pricing model as of September 30, 2025, and December 31, 2024:September