Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

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

	Level 1		Level 2		Level 3
September 30, 2021
Money market funds (1)	$	53,215	$	—	$	—
Warrant liability	$	—	$	—	$	42,402
December 31, 2020
Money market funds (1)	$	90,254	$	—	$	—
Embedded derivative liability (2)	$	—	$	—	$	18,370

(1) Included in cash and cash equivalents in the accompanying condensed consolidated balance sheets.

(2) The fair value of the embedded derivative liability was zero as of September 30, 2021.