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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2022
Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

As of June 30, 2022 and December 31, 2021 the following financial assets and liabilities are measured at fair value on a recurring basis and are categorized using the fair value hierarchy as follows:

 

 

 

June 30, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

$

504,038

 

 

$

 

 

$

 

 

$

504,038

 

Total

 

$

504,038

 

 

$

 

 

$

 

 

$

504,038

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Other non-current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

 

 

$

 

 

$

1,800

 

 

$

1,800

 

Total

 

$

 

 

$

 

 

$

1,800

 

 

$

1,800

 

 

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market accounts

 

$

635,269

 

 

$

 

 

$

 

 

$

635,269

 

Total

 

$

635,269

 

 

$

 

 

$

 

 

$

635,269

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Other non-current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Public and Private Warrants (Note 11)

 

$

58,227

 

 

$

 

 

$

 

 

$

58,227

 

Total

 

$

58,227

 

 

$

 

 

$

 

 

$

58,227