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Fair Value Measurement and Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Financial Liabilities Measured on Recurring Basis The following table summarizes the Company’s Level 1, Level 2, and Level 3 financial liabilities measured at fair value on a recurring basis as of March 31, 2023 (in thousands):
Level 1Level 3Total
Earn Out Liability$— $919 $919 
SPAC Warrants1,015 — 1,015 
Total financial liabilities measured and recorded at fair value$1,015 $919 $1,934 

At December 31, 2022, the Earn Out Liability and SPAC Warrants liability were included in other non-current liabilities in the condensed consolidated balance sheets. The following table summarizes the Company’s Level 1, Level 2, and Level 3 financial liabilities measured at fair value on a recurring basis as of December 31, 2022 (in thousands):

Level 1Level 3Total
Earn Out Liability$— $2,417 $2,417 
Public Warrants630 — 630 
Private Placement Warrants— 275 275 
Total financial liabilities measured and recorded at fair value$630 $2,692 $3,322 
Schedule of Financial Liabilities Measured at Fair Value
The following table represents changes in the Company’s Level 3 liabilities measured at fair value for the three months ended March 31, 2023 (in thousands):
Level 3
Beginning balance at January 1, 2023$2,692 
Transfers out of Level 3(275)
Change in fair value of Earn Out Liability(1,498)
Total financial liabilities measured and recorded at fair value$919 
The following table presents changes in the Company’s Level 3 liabilities measured at fair value for the year ended December 31, 2022 (in thousands):

Level 3
Beginning balance at January 1, 2022$33,610 
Recognition of Earn Out Liability98,117 
Private Placement Warrants liability recognized upon consummation of Business Combination14,465 
Change in fair value of share-settled redemption feature upon conversion of Convertible Notes(30,322)
Change in fair value of Earn Out Liability(95,700)
Change in fair value of Private Placement Warrants liability(14,190)
Conversion of preferred stock warrant liabilities to equity(3,288)
Total financial liabilities measured and recorded at fair value$2,692