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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities
   March 31, 2023 
   Level 1   Level 2   Level 3   Total 
                 
Financial assets                
Money market funds  $126,836   $
     -
   $
-
   $126,836 
Total fair value of assets  $126,836   $
-
   $
-
   $126,836 
                     
Financial liabilities                    
Earnout liability  $
-
   $
-
   $782   $782 
Total fair value of financial liabilities  $
-
   $
-
   $782   $782 

 

   December 31, 2022 
   Level 1   Level 2   Level 3   Total 
                 
Financial assets                
Money market funds  $37,250   $
     -
   $
-
   $37,250 
Total fair value of assets  $37,250   $
-
   $
-
   $37,250 
                     
Financial liabilities                    
Common stock warrant liability  $150   $
-
   $
-
   $150 
Earnout liability   
-
    
-
    18    18 
Total fair value of financial liabilities  $150   $
-
   $18   $168 

 

Schedule of changes in the fair value of the company’s Level 3 financial liabilities
   Earnout
Liability
 
     
Fair Value as of January 1, 2022  $5,743 
Change in the fair value included in other income   (4,593)
Fair Value as of March 31, 2022  $1,150 
      
Fair Value as of January 1, 2023  $18 
Change in the fair value included in other expense    764 
Fair Value as of March 31, 2023  $782 

Schedule of fair value measurements
    Fair value
(in thousands)
    Valuation
methodology
  Significant
unobservable input
Earnout liability   $        782     Monte Carlo Simulation   Common stock price   $ 1.81  
                Expected term (in years)     1.49  
                Expected volatility     140.0
                Risk-free interest rate     4.26

 

   Fair value (in thousands)   Valuation
methodology
  Significant
unobservable input
Earnout liability  $         18   Monte Carlo Simulation  Common stock price  $0.48 
           Expected term (in years)   1.73 
           Expected volatility   105.0%
           Risk-free interest rate   4.40%