Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis using the above input categories (in thousands):

	September 30, 2021
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	45,505		-		-	$	45,505
Restricted cash		6,884		-		-		6,884
Contingent liability		-		-		2,116		2,116
Total	$	52,389	$	-	$	2,116	$	54,505

Schedule of Reconciliation of Level 3 Contingent Liability

The following table reconciles the beginning and ending balances of the Company’s Level 3 contingent liability (in thousands):

	Nine Months Ended
	September 30, 2021
Balance at the beginning of the period	$	-
Initial fair value of contingent liability		1,897
Net change in fair value		219
Balance at the end of the period	$	2,116