Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Financial Assets And Liabilities Measurement on Recurring Basis

The Company’s financial assets and liabilities subject to fair value measurement on a recurring basis and the level of inputs used for such measurements were as follows as of the dates indicated (amounts in thousands):

	Fair Value Measured as of June 30, 2022
	Level 1		Level 2		Level 3		Total
Assets included in:
Cash and cash equivalents
Money market securities	$	21,055	$	-	$	-	$	21,055
	$	21,055	$	-	$	-	$	21,055
Liabilities included in:
Warrant liability	$	-	$	-	$	26	$	26
	$	-	$	-	$	26	$	26

	Fair Value Measured as of December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets included in:
Cash and cash equivalents
Money market securities	$	101,004	$	-	$	-	$	101,004
	$	101,004	$	-	$	-	$	101,004
Liabilities included in:
Warrant liability	$	-	$	-	$	137	$	137
	$	-	$	-	$	137	$	137

Summary of Assumptions Utilized in Valuations of Private Placement Warrants

The following table presents significant assumptions utilized in the valuations of the Private Placement Warrants as of the dates indicated:

	June 30, 2022			December 31, 2021
Risk-free rate		2.96	%		1.20	%
Dividend yield rate		0.00	%		0.00	%
Volatility		77.0	%		58.8	%
Contractual term (in years)		4.2			4.7
Exercise price	$	11.50		$	11.50

Summary of Change in the Fair Value of the Private Placement Warrants

The following table presents changes in the fair value of the Private Placement Warrants for the six months ended June 30, 2022 (amounts in thousands):

Balance, January 1, 2022	$	137
Change in fair value		(111	)
Balance, June 30, 2022	$	26