Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Liabilities Measured on a Recurring Basis

The following table summarizes, for the periods indicated, liabilities measured at fair value on a recurring basis:

	December 31, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
LEVEL 3
Warrant liability	$	—	$	—	$	14,463	$	14,463

Schedule of Warrant Pricing Model

Upon issuance, the Company determined the fair value of the warrants using the Black-Scholes option pricing model with the following assumptions:

Expected life in years	Risk-Free Rate	Expected volatility	Dividend yield
10	2.34% - 2.82%	76% - 78%	0%

Warrants outstanding as of December 31, 2020 were recorded at fair value based on the following assumptions:

Expected life in years	Risk-Free Rate	Expected volatility	Dividend yield
3.05 - 3.77	0.17% - 0.24%	55% - 57%	0%

Schedule of Changes in the Fair Value of the Warranty Liability

The table below sets forth a summary of changes in the fair value of the warrant liability using Level 3 assumptions:

Balance at January 1, 2020	$	1,638
Fair value adjustment	12,825
Balance at December 31, 2020	14,463
Fair value adjustment	(556)
Reclassification to Additional paid-in capital	(13,907)
Balance at December 31, 2021	$	—