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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of company's financial assets and liabilities that are measured at fair value on a recurring basis
The Company’s financial assets and liabilities that are measured at fair value on a recurring basis are summarized below:
June 30, 2023
Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$25,108 $— $— $25,108 
Total$25,108 $— $— $25,108 
Liabilities:
Derivative liability$— $— $60 $60 
Other non-current liabilities:
Public Warrants587 — — 587 
Private Warrants— — 
Total$587 $$60 $653 
December 31, 2022
Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$1,154 $— $— $1,154 
Total$1,154 $— $— $1,154 
Liabilities:
Derivative liability$— $— $180 $180 
Other non-current liabilities:
Public Warrants384384
Private Warrants1111
Total$384 $11 $180 $575 
Schedule of quantitative information regarding the significant unobservable inputs used by the Company related to the derivative liability
The following table provides quantitative information regarding the significant unobservable inputs used by the Company related to the derivative liability:
June 30, 2023December 31, 2022
Term (in years)3.43.9
Risk-free rate4.41 %4.11 %
Volatility90.0 %76.6 %
Schedule of activity of the Level 3 instruments
The following table represents the activity of the Level 3 instruments:
Derivative Liability
Balance as of December 31, 2022$180 
Change in fair value of derivative liability(120)
Balance as of June 30, 2023$60