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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Liabilities Measured on Recurring Basis
Schedule of Significant Unobservable Inputs Used in the Fair Value Measurements for the Derivative Liability

The following table summarizes information about the significant unobservable inputs used in the fair value measurements for the derivative liability:

 

 

 

March 19, 2021

 

Probability of financing

 

 

100

%

Probability of dissolution

 

 

 

Time to liquidity (years)

 

 

 

Discount rate

 

 

7.6

%

Schedule of Reconciliation of the Fair Value of the Derivative Liability Using Level 3 Significant Unobservable Inputs

The following table provides a reconciliation of the fair value of the derivative liability using Level 3 significant unobservable inputs (in thousands):

 

 

 

Derivative Liability

 

Fair value at December 31, 2020

 

$

(1,604

)

Change in fair value of embedded derivative liability

 

 

(205

)

Reclassification of derivative liability into convertible preferred stock resulting from conversion of convertible promissory note

 

 

1,809

 

Fair value at March 31, 2021

 

$