XML 39 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on recurring basis and the fair value hierarchy of the valuation techniques

 

 

 

 As of September 30, 2021

 

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market securities

 

$

65,368

 

 

$

 

 

$

 

 

$

65,368

 

Government securities

 

 

 

 

 

99,985

 

 

 

 

 

 

99,985

 

Total assets at fair value

 

$

65,368

 

 

$

99,985

 

 

$

 

 

$

165,353

 

 

 

 

As of December 31, 2020

 

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Money market securities

 

$

11,822

 

 

$

 

 

$

 

 

$

11,822

 

Government securities

 

 

 

 

 

54,981

 

 

 

 

 

 

54,981

 

Total assets at fair value

 

$

11,822

 

 

$

54,981

 

 

$

 

 

$

66,803

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Common stock warrant liability

 

$

 

 

$

 

 

$

(5,018

)

 

$

(5,018

)

Redeemable convertible preferred stock warrant
   liability

 

 

 

 

 

 

 

 

(3,828

)

 

 

(3,828

)

Total liabilities at fair value

 

$

 

 

$

 

 

$

(8,846

)

 

$

(8,846

)

Schedule of estimated fair value for the warrant liabilities measured using significant unobservable inputs

The following table sets forth changes in the estimated fair values for the Company’s warrant liabilities measured using significant unobservable inputs (in thousands):

 

 

 

Nine Months Ended

 

 

Year Ended

 

 

 

September 30, 2021

 

 

December 31, 2020

 

Beginning of period

 

$

8,846

 

 

$

71,881

 

Exercise of preferred stock warrants

 

 

(1,111

)

 

 

(24

)

Expiration of common stock warrant

 

 

(5,018

)

 

 

 

Change in fair value of common stock warrant

 

 

 

 

 

(64,628

)

Change in fair value of preferred stock warrants

 

 

(2,717

)

 

 

1,617

 

End of period

 

$

 

 

$

8,846