Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

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:

	June 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—
Liabilities:
Derivative liability	$	—	$	—	$	1,650	$	1,650
Other non-current liabilities:
Public Warrants		1,536		—		—		1,536
Private Warrants		—		43		—		43
Total	$	1,536	$	43	$	1,650	$	3,229

	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

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

	June 30,		December 31,
	2022		2021
Term (in years)	4.4		4.9
Risk-free rate	3.00	%	1.25	%
Volatility	68.9	%	31.5	%

Schedule of activity of the Level 3 instruments

	Derivative
	Liability
Balance as of December 31, 2021	$	4,875
Change in fair value of derivative liability		(3,225)
Balance as of June 30, 2022	$	1,650