XML 52 R32.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value of Financial Instruments (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Fair Value Disclosures [Abstract]    
Schedule of Financial Assets and Liabilities Measured on Recurring Basis
   September 30, 2022 
   Level 1   Level 2   Level 3 
Liabilities:            
Notes payable  $   $   $46,950 
Private Warrants           130 
Bridge Warrants           4,686 

 

   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 

 

Schedule of summarizes financial instruments carried at fair value
   Bridge
Warrants
   Notes
Payable at
Fair Value
   Private
Warrants
   Obligation
to Issue
Registered
Shares
 
Balance as of December 31, 2021  $   $161,282   $642   $12,635 
Additions   6,971    44,500         
Changes in fair value measurements   (2,285)   (4,549)   (326)    
Payments of notes payable, including Payment Premium       (87,065)        
Conversions of notes to common stock       (67,218)        
Reclassification of Private Warrants to Public Warrants           (186)    
Reclassification of obligation to issue registered shares upon adoption of ASC 2020-06   
 
            (12,635)
Balance as of September 30, 2022  $4,686   $46,950   $130   $ 
   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