Contingent Earn-Out Consideration

12 Months Ended

Dec. 31, 2022

Business Combinations [Abstract]

Contingent Earn-Out Consideration

NOTE 7. CONTINGENT EARN-OUT CONSIDERATION

The following table provides a reconciliation of our Level 3 earn-out liabilities for the year ended December 31, 2022:

Balance, December 31, 2021	$	2,310
Acquisition date fair value of earn-out liabilities		6,550
Achieved milestones paid		(1,000	)
Achieved milestones reclassified to accrued expenses		(5,500	)
Change in fair value of earn-out liabilities		1,280
Balance, December 31, 2022	$	3,640

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 Consolidated Balance Sheet. As of December 31, 2022, the current portion was $3,386 and the non-current portion was $254. During the year ended December 31, 2022, we reassessed the estimate of the earn-out liabilities which resulted in a net decrease of $1,280 recorded in Other (expense) income within the Consolidated Statement of Operations and Comprehensive (Loss) Income for the year ended December 31, 2022. In addition we completed three project milestones associated with the Disior acquisition and three project milestones associated with the Additive acquisition as of December 31, 2022. Two of the Additive milestones were paid in cash during the year ended December 31, 2022 and the remaining four totaling $5,500 are included in Accrued expenses on the Consolidated Balance Sheet as of December 31, 2022.