Contingent Earn-Out Consideration

9 Months Ended

Sep. 30, 2022

Business Combinations [Abstract]

Contingent Earn-Out Consideration

NOTE 5. CONTINGENT EARN-OUT CONSIDERATION

The following table provides a reconciliation of our Level 3 earn-out liabilities for the nine months ended September 30, 2022:

Balance, December 31, 2021	$	2,310
Acquisition date fair value of earn-out liabilities		6,550
Achieved milestone paid		(500	)
Change in fair value of earn-out liabilities		(575	)
Balance, September 30, 2022	$	7,785

The current portion of contingent earn-out liability is included in Other-current liabilities and the non-current portion is included in Other long-term liabilities on the Condensed Consolidated Balance Sheets. As of September 30, 2022, the current portion was $6,878. During the three and nine months ended September 30, 2022, we reassessed the estimate of the earn-out liabilities which resulted in a decrease of $35 and $575, respectively, classified as other income within the Condensed Consolidated Statement of Operations and Comprehensive Loss. In addition, we completed and paid our second project milestone for Additive Orthopaedics as of September 30, 2022.