XML 42 R30.htm IDEA: XBRL DOCUMENT v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s financial assets subject to fair value measurements on a recurring basis by level within the fair value hierarchy as of September 30, 2021 (in thousands):
Level 1Level 2Level 3Total
Assets:
Short-term investment—
Certificates of deposit$— $505 $— $505 
Restricted cash35,686 — — 35,686 
Total assets$35,686 $505 $— $36,191 
Liabilities:
Common stock warrant liability$— $— $836,835 $836,835 
Total liabilities$— $— $836,835 $836,835 
The following table sets forth the Company’s financial assets and liabilities subject to fair value measurements on a recurring basis by level within the fair value hierarchy as of December 31, 2020 (in thousands):
Level 1Level 2Level 3Total
Assets:
Short-term investment—
Certificates of deposit$— $505 $— $505 
Restricted cash26,006 — — 26,006 
Total assets$26,006 $505 $— $26,511 
Liabilities:
Convertible preferred stock warrant liability$— $— $2,960 $2,960 
Total liabilities$— $— $2,960 $2,960 
Schedule of Reconciliation of Liabilities Measured at Fair Value on a Recurring Basis
A reconciliation of the contingent forward contract liability, convertible preferred stock warrant liability and common stock warrant liability measured and recorded at fair value on a recurring basis is as follows (in thousands):
Nine Months Ended
September 30, 2021
Nine Months Ended
September 30, 2020
Contingent Forward Contract LiabilityConvertible Preferred Stock Warrant LiabilityCommon Stock Warrant LiabilityContingent Forward Contract LiabilityConvertible Preferred Stock Warrant Liability
Fair value-beginning of period$— $2,960 $— $30,844 $1,755 
Issuance2,167,332 — 812,048 793 — 
Change in fair value454,546 6,976 24,787 8,719 171 
Settlement(2,621,878)(9,936)— (39,563)— 
Fair value-end of period$— $— 836,835 $793 $1,926