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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of liabilities at fair value on a recurring basis
The following tables present information about the Company’s liabilities that are measured at fair value on a recurring basis as of December 31, 2024 and 2023 and indicate the fair value hierarchy level of the valuation techniques and inputs that the Company utilized to determine such fair value:
December 31, 2024Quoted Prices in Active MarketsSignificant Other Observable InputSignificant Other Unobservable Inputs
(Level 1)(Level 2)(Level 3)
(in thousands)
Liabilities
Public Warrants$1,728 $— $— 
Private Placement Warrants - Issued October 2019— — 713 
Private Placement Warrants - Issued March 2023— — 13,820 
Sponsor Shares— — 1,703 
$1,728 $— $16,236 
December 31, 2023Quoted Prices in Active MarketsSignificant Other Observable InputSignificant Other Unobservable Inputs
(Level 1)(Level 2)(Level 3)
(in thousands)
Liabilities
Public Warrants$795 $— $— 
Private Placement Warrants - Issued October 2019— — 583 
Private Placement Warrants - Issued March 2023— — 12,467 
Sponsor Shares— — 1,304 
$795 $— $14,354 
Schedule of change sin the fair value of Level 3 liabilities The following is a summary of changes in the fair value of the Level 3 liabilities during the year ended December 31, 2024:
Sponsor SharesPrivate Placement Warrants - Issued October 2019Private Placement Warrants - Issued March 2023
(in thousands)
Balance as of January 1, 2024$1,304 $583 $12,467 
Loss from changes in fair value
399 130 1,353 
Balance as of December 31, 2024$1,703 $713 $13,820