XML 27 R17.htm IDEA: XBRL DOCUMENT v3.22.2
Financial Instruments and Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Financial Instruments and Fair Value Measurements  
Summary of financial assets and liabilities measured at fair value

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of June 30, 2022

​

​

​

​

​

​

​

​

Significant

​

​

​

​

​

Quoted Priced in

​

Significant Other

​

Unobservable

​

​

​

​

​

Active Markets

​

Observable Inputs

​

Inputs

​

​

​

​

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Assets:

 

​

  

 

​

  

 

​

  

 

​

  

Money market funds

​

$

43,523

​

$

—

​

$

—

​

$

43,523

Total assets

​

$

43,523

​

$

—

​

$

—

​

$

43,523

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2021

​

​

​

​

​

​

​

​

Significant

​

​

​

​

​

Quoted Priced in

​

Significant Other

​

Unobservable

​

​

​

​

​

Active Markets

​

Observable Inputs

​

Inputs

​

​

​

​

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Assets:

 

​

  

 

​

  

 

​

  

 

​

  

Money market funds

​

$

46,687

​

$

—

​

$

—

​

$

46,687

Total assets

​

$

46,687

​

$

—

​

$

—

​

$

46,687

Summary of changes in fair value of Level 3 liabilities

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended June 30, 2021

​

​

​

​

Derivative

    

​

​

    

SAFE

    

Liability

    

Total

Balance at December 31, 2020

​

$

—

​

$

2,209

​

$

2,209

Fair value recognized upon the issuance of SAFE

​

 

8,942

​

 

—

​

 

8,942

Change in the fair value of the derivative liability

​

 

—

​

 

(2,209)

​

 

(2,209)

Change in the fair value of SAFE

​

​

1,044

​

​

—

​

​

1,044

Balance at June 30, 2021

​

$

9,986

​

$

—

​

$

9,986

Schedule of significant unobservable inputs for SAFE

​

​

​

​

​

​

​

​

​

​

March 25,

​

​

June 30,

​

2021

​

    

2021

​

(Issuance)

Expected term (in years)

 

0.17

​

0.35

Discount upon conversion

 

20.0%

​

20.0%

Discount upon implied return

 

18.9%

​

18.9%

Probability of IPO occurrence

 

45.0%

​

45.0%

Probability of dissolution event occurrence

​

15.0%

​

15.0%

Probability of equity financing occurrence

​

37.0%

​

37.0%

Probability of change of control occurrence

​

3.0%

​

3.0%