Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The significant assumptions were as follows:

	December 31, 2023
Preferred Warrants Fair Value Per Share	$	0.06
Preferred Warrant valuation inputs:
Stock price - DMS Inc. Class A Common Stock	$	0.13
Remaining contractual term in years	4.25
Estimated volatility	150.0		%
Dividend yield	0.0		%
Risk free interest rate	3.87		%

The following table presents the contingent consideration assumptions as of December 31, 2023:

	ClickDealer
Revenue Volatility	50	%
Iteration (actual)	100,000
Risk Adjustment Discount Rate	23.75	%
Risk free / Credit risk	12.50	%
Days from period end to payment	90

Schedule of Fair Value Measurements, Recurring and Nonrecurring

The following table presents assets and liabilities measured at fair value on a recurrent basis (in thousands):

		December 31, 2023
Category	Balance Sheet Location	Level 1		Level 2		Level 3		Total
Liabilities:
Private placement warrants - Class B common stock	Warrant liabilities	$	—	$	—	$	24	$	24
Preferred warrants - Series A & B preferred stock	Warrant liabilities	—		—		58		58
Contingent consideration - Aramis	Contingent consideration payable - current	—		—		1,000		1,000
Contingent consideration - ClickDealer	Contingent consideration payable - non-current	—		—		512		512
Total		$	—	$	—	$	1,594	$	1,594

		December 31, 2022
Category	Balance Sheet Location	Level 1		Level 2		Level 3		Total
Liabilities:
Private placement warrants - Class B common stock	Warrant liabilities	$	—	$	—	$	600	$	600
Contingent consideration - Aramis	Contingent consideration payable - current	—		—		1,000		1,000
Contingent consideration - Traverse	Contingent consideration payable - current	—		—		453		453
Total		$	—	$	—	$	2,053	$	2,053

Schedule of Change in the Warrant Liability and Contingent Consideration

The following table represents the change in the warrant liability and contingent consideration (in thousands):

	Private Placement Warrants		Preferred Warrants		Contingent Consideration
Balance, January 1, 2022	$	3,960	$	—	$	8,439
Additions	—		—		431
Changes in fair value	(3,360)		—		2,583
Settlements	—		—		(10,000)
Balance, December 31, 2022	600		—		1,453
Additions	—		8,667		2,457
Changes in fair value	(576)		(8,609)		(1,833)
Settlements	—		—		(500)
Other (1)	—		—		(65)
Balance, December 31, 2023	$	24	$	58	$	1,512

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(1)Relates to the revision of the initial fair value of the ClickDealer contingent consideration. See Note 7. Acquisitions.