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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Summary of Significant Financial Assets and Liabilities Measured at Fair Value

The Company’s significant financial assets and liabilities measured at fair value as of December 31, 2023, were as follows:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

$ —

 

 

 

991

 

 

 

 

 

$

991

 

Financial Liabilities:

 

 

 

 

 

 

 

 

 

 

 

    Contingent consideration

 

 

 

 

 

 

 

340

 

 

$

340

 

The Company's significant financial assets and liabilities measured at fair value as of December 31, 2022, were as follows:

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap (As Restated)

$ —

 

 

 

1,337

 

 

 

 

 

$

1,337

 

Financial Liabilities:

 

 

 

 

 

 

 

 

 

 

 

    Contingent consideration

 

 

 

 

 

 

 

3,640

 

 

$

3,640

 

Schedule of Reconciliation Level 3 Earn-out Liabilities The following table provides a reconciliation of the Level 3 earn-out liabilities for the years ended December 31, 2023 and 2022:

 

 

December 31,

 

 

2023

 

Fair value measurement, beginning of year

$

3,640

 

Achieved milestones paid

 

(2,500

)

Achieved milestones reclassified to accrued expenses

 

(1,000

)

Change in fair value of earn-out liabilities

 

200

 

Fair value measurement, end of year

$

340