Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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	June 30, 2023		December 31, 2022
Assets:
Investments	1	$	64,309	$	97,504
Liabilities:
Public Warrants (1)	1	$	380	$	625
Private Warrants (1)	2	11		17
Contingent consideration (2)	3	1,590		353

________________

(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 measurement:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
$ in thousands	2023		2022		2023		2022
Beginning balance	$	1,478	$	2,023	$	353	$	2,009
Change in fair value (1)	112		39		1,237		53
Ending balance	$	1,590	$	2,062	$	1,590	$	2,062

________________

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