Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

The Company’s assets and liabilities measured at fair value on a recurring basis are summarized in the following table by fair value measurement level:

$ in thousands	Level	March 31, 2023		December 31, 2022
Assets:
Investments, available-for-sale	1	$	80,700	$	97,504
Liabilities:
Public Warrants (1)	1	$	329	$	625
Private Warrants (1)	2	9		17
Contingent consideration (2)	3	1,478		353

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(1)Included in warrant liabilities on the consolidated balance sheets.

(2)Included in other long-term liabilities on the consolidated balance sheets.

Reconciliation of Level 3 Fair Value Liabilities

The following table summarizes the activities of our Level 3 fair value measurements:

	Three Months Ended
	March 31,
$ in thousands	2023		2022
Beginning balance	$	353	$	2,009
Change in fair value (1)	1,125		14
Ending balance	$	1,478	$	2,023

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(1)The changes in the fair value of the contingent consideration are reported in other income (expense), net on our consolidated statements of operations.