Convertible Note Payable - Related party (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Debt Instrument, Fair Value Assumptions

The assumptions used to determine the fair value of the embedded conversion feature as of December 31, 2021 and March 31, 2022 and are as follows:

	March 31, 2022		December 31, 2021
Term	4.25 years		4.5 years
Dividend yield	—	%	—	%
Risk-free interest rate	2.4	%	1.2	%
Volatility	65.0	%	60.0	%
Effective debt yield	20.5	%	19.0	%

Interest Income and Interest Expense Disclosure

The following table summarizes interest expense recognized for the three months ended March 31, 2022:

	March 31, 2022
Contractual interest expense	$	1,544
Amortization of debt discount	543
Amortization of debt issuance costs	87
Total	$	2,174

Summary of Balances Recognized upon Issuance of Convertible Notes

The 2021 Convertible Note as of March 31, 2022 and December 31, 2021 was comprised of the following:

	March 31, 2022		December 31, 2021
Principal	$	102,900	$	102,900
Unamortized debt discount	(27,778)		(28,321)
Unamortized debt issuance costs	(2,703)		(2,790)
Embedded conversion feature	4,664		12,359
Aggregate carrying value	$	77,083	$	84,148