XML 58 R32.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value of Financial Instruments (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Fair Value Disclosures [Abstract]    
Schedule of financial assets and liabilities remeasured on a recurring basis
   June 30, 2022 
   Level 1   Level 2   Level 3 
Liabilities:            
Notes payable  $
   $
   $68,199 
Private Warrants   
    
    316 

 

   December 31, 2021 
   Level 1   Level 2   Level 3 
Liabilities:            
Notes payable  $
   $
   $161,282 
Private Warrants   
    
    642 
Obligation to issue registered shares of Class A Common Stock   
    
    12,635 

 

   December 31, 2021 
   Level 1   Level 2   Level 3 
Liabilities:            
Notes payable  $
   $
   $161,282 
Private Warrants   
    
    642 
Obligation to issue registered shares of Class A Common Stock   
    
    12,635 

 

   December 31, 2020 
   Level 1   Level 2   Level 3 
Liabilities:            
Related party notes payable  $
   $
   $32,949 
Notes payable   
    
    59,742 
The9 Conditional Obligation   
    
    1,128 

 

Summary of activity of level 3 fair value measurements
  

Notes

Payable at
Fair Value

   Private
Warrants
   Obligation
to Issue
Registered
Shares
 
Balance as of December 31, 2021  $161,282   $642   $12,635 
Reclassification of obligation to issue registered shares of Class A Common Stock upon adoption of ASU 2020-06   
    
    (12,635)
Changes in fair value measurements   (6,018)   (326)   
 
Cash payments   (87,065)   
    
 
Balance as of June 30, 2022  $68,199   $316   $
 
   Related
Party Notes
Payable at
Fair
Value
   Notes
Payable at
Fair
Value
   The9
Conditional
Obligation
   Private
Warrants
   Obligation
to issue
Registered
Shares of
Class A
Common Stock
 
Balance as of December 31, 2019  $31,418   $22,326   $5,000   $
   $
 
Proceeds   
    30,000    
    
    
 
Changes in fair value   1,531    7,416    (3,872)   
    
 
Balance as of December 31, 2020  $32,949   $59,742   $1,128   $
   $
 
Proceeds, net or original issuance discount   
    171,929    
    
    
 
Original issue discount (1)   
    11,860    
    
    
 
Proceeds allocated to equity classified warrants   
    (17,596)   
    
    
 
Issuance of warrant liabilities   
    
    
    290    
 
Transaction costs and consent fees charged to interest expense   
    5,022    
    
    
 
Private warrant liability and obligation to issue registered shares assumed in Business Combination   
    
    
    2,152    32,900 
Repayment of principal and liquidation premium   (27,593)   (48,210)   
    
    
 
Conversion to equity   (5,519)   (52,473)   (2,863)   
    
 
Changes in fair value measurements   163    31,008    1,735    (1,800)   (20,265)
Balance as of December 31, 2021  $
   $161,282   $
   $642   $12,635 

 

  (1) Original issue discount represents the amount withheld by the note payable holder upon issuance of the note which will be paid, in addition to the full note payable principal, to the lender upon maturity of the notes payable. The original issue discount is included in Change in Fair Value Measurements on the Consolidated Statements of Operations and Comprehensive Loss.