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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Fair Values
The estimated fair value of the Company’s RLOC, and term loan facility were as follows:
December 31, 2022December 31, 2021
Principal
amount
Carrying
amount
Fair
value
Principal
amount
Carrying
amount
Fair
value
Revolving line of credit$57,998 $57,639 $58,708 $61,958 $61,238 $70,688 
Term loan53,785 48,057 56,828 51,664 40,661 58,143 
$111,783 $105,696 $115,536 $113,622 $101,899 $128,831 
Summary of Liabilities Measured on a Recurring Basis Liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021 were as follows:
December 31, 2022
TotalLevel 1Level 2Level 3
Liabilities:
Warrant Liability - Public & Private Warrants$902 $875 $— $27 
Total Other Liabilities$902 $875 $— $27 
December 31, 2021
TotalLevel 1Level 2Level 3
Liabilities:
Warrant Liability - Public & Private Warrants$7,341 $7,125 $— $216 
Total Other Liabilities$7,341 $7,125 $— $216 
Summary of Level 3 Liability Activity
The following table summarizes the activity for the Company’s Level 3 liabilities measured at fair value on a recurring basis:
Warrant Liability
Balance as of December 31, 2021$7,341 
Changes in fair value(6,439)
Balance as of December 31, 2022$902 
Term Loan
Warrant
Warrant
Liability
Balance as of December 31, 2020$12,744 $— 
Exercised(13,102)— 
Assumed from Merger— 44,272 
Changes in fair value358 (36,931)
Balance as of December 31, 2021$— $7,341