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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Measurements  
Schedule of fair value measurements

The Company’s financial assets and liabilities that are measured at fair value on a recurring basis are summarized below:

    

December 31, 2021

Level 1

Level 2

Level 3

Total

Assets:

    

    

    

Cash equivalents:

Money market funds

$

1

$

$

$

1

Total

$

1

$

$

$

1

Liabilities:

 

  

 

  

 

  

 

  

Derivative liability

$

$

$

4,875

$

4,875

Other non-current liabilities:

 

  

 

  

 

  

 

  

Public Warrants

 

4,792

 

 

 

4,792

Private Warrants

 

 

146

 

 

146

Total

$

4,792

$

146

$

4,875

$

9,813

    

December 31, 2020

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

Cash equivalents:

Money market funds

$

24,460

 

$

24,460

Total

$

24,460

 

$

24,460

Liabilities:

 

  

 

 

 

  

Derivative liability

 

 

Other non-current liabilities:

 

  

 

 

 

  

Public Warrants

 

 

 

Private Warrants

 

 

 

Total

 

 

 

Schedule of quantitative information regarding the significant unobservable inputs used by the Company related to the derivative liability

    

December 31, 

    

December 3, 

 

    

2021

    

2021

 

Term (in years)

 

4.9

 

5.0

Risk-free rate

 

1.25

%  

1.13

%

Volatility

 

31.5

%  

28.0

%

Schedule of activity of the Level 3 instruments

    

Derivative

 Liability

Balance as of December 31, 2020

Issuance of Notes

$

31,620

Change in fair value of derivative liability

 

(26,745)

Balance as of December 31, 2021

$

4,875