Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Fair Value Measurement

The following table presents information about the Company's assets and liabilities measured and reported in the financial statements at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value.

	March 31, 2022
	Level 1		Level 2		Level 3		Balance
Assets:
Money market funds	$	68,726	$	—	$	—	$	68,726
Total assets	$	68,726	$	—	$	—	$	68,726
Liabilities:
Common Stock warrant liability - Public Warrants	$	8,855	$	—	$	—	$	8,855
Common Stock warrant liability - Private Placement Warrants	—		5,082		—		5,082
Total liabilities	$	8,855	$	5,082	$	—	$	13,937
	December 31, 2021
	Level 1		Level 2		Level 3		Balance
Assets:
Money market funds	$	94,973	$	—	$	—	$	94,973
Total assets	$	94,973	$	—	$	—	$	94,973
Liabilities:
Common Stock warrant liability - Public Warrants	$	4,486			$	—	$	4,486
Common Stock warrant liability - Private Placement Warrants			$	2,575			$	2,575
Total liabilities	$	4,486	$	2,575	$	—	$	7,061

Schedule of Black-Scholes Option Pricing Model Assumptions

The Company re-measured the preferred stock warrant liability to its estimated fair value as of March 31, 2021, using the Black-Scholes option pricing model with the following assumptions:

	March 31, 2021
Series A preferred stock value per share	$	18.23
Exercise price of warrants	$	0.76
Term in years	5.5
Risk-free interest rate	1.04		%
Volatility	67.00		%
Dividend yield	0.00		%

Reconciliation of Preferred Stock Warrant Liability Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

The following table presents a reconciliation of the Company’s preferred stock warrant liability measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of March 31, 2021:

	Preferred Stock Warrant Liability
Balance as of December 31, 2020	$	2,993
Change in fair value included in other income	4,608
Balance as of March 31, 2021	$	7,601