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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value on a recurring basis
The following tables set forth the fair value of financial instruments that were measured at fair value on a recurring basis (in thousands):
December 31, 2021
TotalLevel 1Level 2Level 3
Financial Assets:
Money market funds$385,370 $385,370 $— $— 
Total financial assets$385,370 $385,370 $— $— 
Financial Liabilities:
Public warrant liability$14,463 $14,463 $— $— 
Private warrant liability7,092 — 7,092 — 
Earn-out contingent liability10,244 — — 10,244 
Total financial liabilities$31,799 $14,463 $7,092 $10,244 
December 31, 2020
TotalLevel 1Level 2Level 3
Financial Assets:
Money market funds$92,940 $92,940 $— $— 
Total financial assets$92,940 $92,940 $— $— 
Schedule of measurement inputs and valuation techniques The key assumptions utilized in determining the valuation as of December 31, 2021 and Closing Date were the following:
December 31, 2021Closing Date
Stock price$4.46$11.60
Expected volatility62.5%70.0%
Expected term (in years)1.62.0
Risk-free interest rate0.58%0.20%