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Financial Instruments and Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Liabilities Measured on Recurring Basis
The following table summarizes fair value measurements by level at September 30, 2022 and December 31, 2021 for instruments measured at fair value on a recurring basis (in thousands):

Level 1Level 2Level 3Total
September 30, 2022
Financial liability:
Embedded derivative liability$— $— $9,580 $9,580 
December 31, 2021
Financial liability:
Embedded derivative liability$— $— $78,497 $78,497 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents the changes in Level 3 liabilities measured at fair value on a recurring basis during the three and nine months ended September 30, 2022 (in thousands):

Embedded derivative liabilityTotal liabilities
Balance at January 1, 2022$78,497 $78,497 
Loss included in earnings46,143 46,143 
Balance as of March 31, 2022124,640 124,640 
Gain included in earnings(92,020)(92,020)
Balance as of June 30, 2022$32,620 $32,620 
Gain included in earnings(23,040)(23,040)
Balance as of September 30, 2022$9,580 $9,580