FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Company’s fair value hierarchy for liabilities measured at fair value on a recurring basis as of March 31, 2022 (Successor).


	Level 1		Level 2		Level 3		Total
Warrant liabilities:
Public warrants	$	27,600	$	—	$	—	$	27,600
Private warrants	—		13,173		—		13,173
Total warrants liabilities	$	27,600	$	13,173	$	—	$	40,773

Contingent consideration	$	—	$	—	$	2,255	$	2,255

Grand total	$	27,600	$	13,173	$	2,255	$	43,028

Schedule of Estimated Fair Value of Liabilities

Changes in estimated fair value of Level 1, 2 and 3 financial liabilities for the period from January 1, 2022 through January 26, 2022 (Predecessor), the period from January 27, 2022 through March 31, 2022 (Successor), and for the three months ended March 31, 2021 (Predecessor), respectively, are as follows:


	Contingent consideration		Former CEO equity profits interest*		Warrant liability
Fair value of liabilities at December 31, 2020 (Predecessor)	$	(8,240)	$	(4,236)	$	—
Settlements	5,000		—		—
Change in fair value	(63)		(1,413)		—
Fair value of liabilities at March 31, 2021 (Predecessor)	$	(3,303)	$	(5,649)	$	—

Fair value of liabilities at December 31, 2021 (Predecessor)	$	(1,682)	$	(11,132)	$	—
Settlements	—		—		—
Fair value of liabilities at January 26, 2022 (Predecessor)	$	(1,682)	$	(11,132)	$	—

Fair value of liabilities at January 27, 2022 (Successor)	$	(1,682)	$	—	$	(27,012)
Additions	(573)		—		—
Change in fair value	—		—		(13,761)
Fair value of liabilities at March 31, 2022 (Successor)	$	(2,255)	$	—	$	(40,773)

*Former CEO equity profits interest as further described in executive compensation Note 11.