Contingent Earn-Out Consideration

6 Months Ended

Jun. 30, 2022

Business Combinations [Abstract]

Contingent Earn-Out Consideration

NOTE 5. CONTINGENT EARN-OUT CONSIDERATION

The following table provides a reconciliation of our Level 3 earn-out liabilities for the six months ended June 30, 2022:

Balance, December 31, 2021	$	2,310
Acquisition date fair value of earn-out liabilities		6,550
Achieved milestone reclassified to accrued expenses		(500	)
Change in fair value of earn-out liabilities		(540	)
Balance, June 30, 2022	$	7,820

The current portion of contingent earn-out liability is included in Other-current liabilities and the non-current portion is included in Other long-term liabilities on the Condensed Consolidated Balance Sheets. As of June 30, 2022, the current portion was $6,915. During the three and six months ended June 30, 2022, we reassessed the estimate of the earn-out liabilities which resulted in a decrease of $620 and $540, respectively, classified as other income within the Condensed Consolidated Statement of Operations and Comprehensive Loss. In addition, we completed our second project milestone for Additive Orthopaedics as of June 30, 2022 and have included the $500 liability in accrued expenses on the Consolidated Balance Sheet. We made no cash payments for contingent earn-out consideration during the three and six months ended June 30, 2022.