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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Black Scholes model for the Private Warrants The following table summarizes the assumptions used in the valuation models to determine the fair value of awards granted to employees and non-employee directors under the 2019 Plan:

 

 

Year Ended
December 31, 2023

 

Year Ended
December 31, 2022

Expected volatility

 

41.26%

 

42.78 - 42.90%

Expected term (in years)

 

6.0

 

6.0

Dividend yield

 

0%

 

0%

Risk free interest rate

 

3.61%

 

1.0 - 1.62%

Summary of Reconciliation of Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3)

The following table provides a reconciliation of liabilities measured at fair value using significant unobservable inputs (Level 3) for the years ended December 31, 2023 and 2022 (in thousands):

 

Balance at December 31, 2021

 

$

2,486

 

Change in fair value of Private Warrants

 

 

(1,207

)

Change in fair value of contingent consideration

 

 

21

 

Balance at December 31, 2022

 

 

1,300

 

Change in fair value of Private Warrants

 

 

(572

)

Change in fair value of contingent consideration

 

 

(3

)

Balance at December 31, 2023

 

$

725