Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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.

	June 30, 2022
	Level 1		Level 2		Level 3		Balance
Assets:
Money market funds	$	37,208	$	—	$	—	$	37,208
Total assets	$	37,208	$	—	$	—	$	37,208
Liabilities:
Common stock warrant liability - public warrants	$	3,257	$	—	$	—	$	3,257
Common stock warrant liability - private placement warrants	—		1,869		—		1,869
Total liabilities	$	3,257	$	1,869	$	—	$	5,126
	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 June 30, 2021, using the Black-Scholes option pricing model with the following assumptions:

	June 30, 2021
Series A preferred stock value per share	$	20.48
Exercise price of warrants	$	0.76
Term in years	5.25
Risk-free interest rate	0.91		%
Volatility	66.00		%
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 June 30, 2021:

	Preferred Stock Warrant Liability
Balance as of December 31, 2020	$	2,993
Change in fair value included in other income	5,578
Balance as of June 30, 2021	$	8,571