Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Black Scholes model for the Private Warrants

To estimate the fair value of the Private Warrants as of December 31, 2020 and June 30, 2021, the Company used a Black Scholes closed form model, which is a Level 3 fair value measurement. Significant inputs used in the Black Scholes model for the Private Warrants were as follows:

	December 31, 2020 & June 30, 2021
Expected volatility		16.00	%
Expected term (in years)		3.97
Risk free interest rate		1.74	%
Dividend yield		0.00	%
Exercise Price	$	11.50
Fair value of Common Stock	$	8.05

	Six Months Ended June 30, 2021	Six Months Ended June 30, 2020
Expected volatility	44.06% - 44.61%	37.63% - 40.98%
Expected term (in years)	6.0	6.0
Dividend yield	0.00%	0.00%
Risk-free interest rate	0.70% - 1.00%	1.43% - 0.45%

Summary of Reconciliation of Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3)

The following table provides a reconciliation of liabilities measured at fair value using significant unobservable inputs (Level 3) for the periods ended June 30, 2021 and December 31, 2020 (in thousands):

Balance at December 31, 2019	$	822
Change in fair value of contingent consideration		98
Balance at December 31, 2020	$	920
Private warrants		3,810
Change in fair value of Private Warrants		(1,715	)
Change in fair value of contingent consideration		37
Balance at June 30, 2021	$	3,052