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Fair Value (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value  
Schedule of fair value measurements of liabilities measured at fair value on recurring basis

The following table details the fair value measurements of liabilities that are measured at fair value on a recurring basis:

Fair Value Measurement at December 31, 2020

Total 

Level 1

Level 2

    

Level 3

    

Fair Value

Contingent consideration - business combination

$

$

$

3,549

    

$

3,549

Contingent consideration - earnout

 

 

 

50,442

    

50,442

$

$

$

53,991

$

53,991

Fair Value Measurement at December 31, 2019

Total 

    

Level 1

    

Level 2

    

Level 3

    

Fair Value

Redeemable convertible preferred stock warrants

$

$

$

6,684

$

6,684

Fair value option notes (“FVO Notes”)

11,659

11,659

Contingent consideration

 

 

 

100

 

100

$

$

$

18,443

$

18,443

Schedule of fair value measurement inputs and valuation techniques

Expected

term

Expected

Expected 

 

    

(in years)

    

volatility

    

Risk-free interest rate

    

dividend rate

Redeemable convertible preferred stock warrants

2 to 9

    

60

%

0.23% to 2.11%  

%  

0%

%

December 31, 

2019

FVO 

    

FVO 

Note 1

    

Note 2(1)

Initial principal value

$

2,500

$

3,000

Value upon maturity

$

6,682

$

6,602

Conversion price (per share)

$

6.39

 

N/A

Value of Series B redeemable convertible preferred share

$

14.12

 

N/A

Value of common stock

N/A

N/A

Expected term (years)

 

2

 

N/A

Volatility

 

39

%  

 

N/A

Risk free rate

 

1.58

%  

 

N/A

Estimated fair value of FVO Note

$

5,079

$

6,580

Schedule of Level 3 items measured at fair value on a recurring basis

Redeemable 

Contingent 

Convertible 

Consideration -

Contingent 

Preferred Stock 

Business

Consideration -

    

Warrants

    

FVO Notes

    

Combinations

    

Earnout

Fair value as of January 1, 2020

$

6,684

$

11,659

$

100

$

Additions

 

1,762

 

 

1,749

 

50,442

Settlements

 

(11,030)

 

(8,698)

 

 

Change in fair value, loss included in net loss(1)

 

2,584

 

895

 

1,700

 

Gain on extinguishment of debt

(3,856)

Fair value as of December 31, 2020

$

$

$

3,549

$

50,442

Redeemable 

    

Convertible 

Preferred Stock 

Contingent 

    

Warrants

    

FVO Notes

Consideration

Fair value as of January 1, 2019

$

436

$

$

400

Additions

 

6,651

 

5,500

 

Settlements

 

(2,493)

 

 

Change in fair value, loss (gain) included in net loss(1)

 

2,090

 

6,159

 

(300)

Fair value as of December 31, 2019

$

6,684

$

11,659

$

100

(1)Changes in fair value of redeemable convertible preferred stock warrants and FVO Notes are included in other income (expense), net, and changes in fair value of contingent consideration are included in general and administrative expenses in the consolidated statements of operations.