Schedule of Liabilities Measured at Fair Value on Recurring Basis |
The following tables present the Company’s fair value hierarchy for liabilities measured at fair value on a recurring basis as of June 30, 2022 (Successor) and December 31, 2021 (Predecessor):
| | | | | | | | | | | | | | | | | | | June 30, 2022 (Successor) | | Level 1 | | Level 3 | | Total | Warrant liabilities: | | | | | | Public warrants | $ | 13,669 | | | $ | — | | | $ | 13,669 | | | | | | | | Contingent consideration | — | | | 568 | | | 568 | | | | | | | | Grand total | $ | 13,669 | | | $ | 568 | | | $ | 14,237 | |
| | | | | | | | | | | | | December 31, 2021 (Predecessor) | | Level 3 | | Total | Former CEO equity interest | 11,132 | | | 11,132 | | Contingent consideration | 1,682 | | | 1,682 | | | | | | Grand total | $ | 12,814 | | | $ | 12,814 | |
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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 June 30, 2022 (Successor), and for the six months ended June 30, 2021 (Predecessor), respectively, are as follows:
| | | | | | | | | | | | | | | | | | | Former CEO equity profits interest* | | Contingent consideration | | Warrant liability | Fair value of liabilities at December 31, 2020 (Predecessor) | $ | 4,236 | | | $ | 8,240 | | | | Settlements | — | | | (6,715) | | | | Change in fair value | 4,238 | | | 94 | | | | Fair value of liabilities at June 30, 2021 (Predecessor) | $ | 8,474 | | | $ | 1,619 | | | | | | | | | | Fair value of liabilities at December 31, 2021 (Predecessor) and January 26, 2022 (Predecessor) | $ | 11,132 | | | $ | 1,682 | | | | | | | | | | 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 | | Settlements | | | (1,715) | | | (22,965) | | Change in fair value | | | 28 | | | (4,139) | | Fair value of liabilities at June 30, 2022 (Successor) | | | $ | 568 | | | $ | 13,669 | |
*Former CEO equity profits interest as further described in executive compensation Note 11.
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