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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value of Financial Instruments  
Schedule of fair value of financial instruments measured on a recurring basis

    

As of June 30, 2023

Description

    

Total

    

Level 1

    

Level 2

    

Level 3

Liabilities:

 

  

 

  

 

  

 

  

Contingent consideration

$

10,751

 

$

 

$

$

10,751

Loans payable

220

 

 

220

Total liabilities

$

10,971

 

$

 

$

220

$

10,751

    

As of December 31, 2022

Description

    

Total

    

Level 1

    

Level 2

    

Level 3

Liabilities:

 

  

 

  

 

  

 

  

Contingent consideration

$

10,184

 

$

 

$

$

10,184

Loans payable

278

 

 

278

Total liabilities

$

10,462

 

$

 

$

278

$

10,184

Schedule of fair value measurements of contingent consideration liability is recorded include the following significant unobservable inputs

As of June 30, 2023

Valuation

Significant

Weighted Average

    

Methodology

    

Unobservable Input

    

(range, if applicable)

Contingent Consideration

 

Discounted Cash Flows

 

Milestone dates

 

2023-2028

 

 

  

 

Discount rate

 

12.2% to 13.4%

 

  

 

Weighted Average Discount rate

 

12.05%

 

  

 

Probability of Occurrence (periodic for each Milestone)

 

11.7% to 95.0%

 

  

 

Probability of occurrence (cumulative through each Milestone)

 

6.9% to 95.0%

    

As of December 31, 2022

Valuation

Significant

Weighted Average

    

Methodology

    

Unobservable Input

    

(range, if applicable)

Contingent Consideration

 

Discounted Cash Flows

 

Milestone dates

 

2023-2028

 

 

Discount rate

13.4% to 14.1%

Weighted Average Discount rate

13.6%

Probability of Occurrence (periodic for each Milestone)

11.7% to 95.0%

 

 

Probability of occurrence (cumulative through each Milestone)

6.9% to 95.0%