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Fair Value (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value  
Schedule of financial assets and liabilities carried at fair value and measured at fair value on a recurring basis:

 

 

December 31, 2022

 

    

Quoted Prices in

    

Significant

    

Significant

 

 

Active Markets for

 

Observable

 

Unobservable

 

 

Identical Assets

 

Inputs

 

Inputs

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

Interest rate swap assets

$

$

6,971

$

Interest rate swap liabilities

$

$

$

 

 

December 31, 2021

 

    

Quoted Prices in

    

Significant

    

Significant

 

 

Active Markets for

 

Observable

 

Unobservable

 

 

Identical Assets

 

Inputs

 

Inputs

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

Interest rate swap asset

$

$

188

$

Interest rate swap liabilities

$

$

3,995

$

Summary of the weighted-average significant unobservable inputs used in determining fair value of the warrant liability

    

Warrant Liability

    

Expected volatility

 

46.24

%  

Risk free interest rate

 

0.23

%  

Expected term (in years)

 

2.00

Annual dividend yield

 

0.89

%  

Fair Value of Derivative Warrant Liability

Fair value at December 31, 2020

$

8,790

Change in fair value December 31, 2020 through August 24, 2021

3,402

Reclassification to equity at August 24, 2021

$

12,192