Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis was determined using the following inputs:

	As of December 31, 2021
(In thousands)	Level 1		Level 2		Level 3		Fair Value
Liabilities:
Warrant liability	$	—	$	—	$	13,701	$	13,701
Total liabilities	$	—	$	—	$	13,701	$	13,701

	As of December 31, 2020
(In thousands)	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market funds	$	31,726	$	—	$	—	$	31,726
Total assets	$	31,726	$	—	$	—	$	31,726

Schedule of Changes in Fair Value of Level 3 Warrants

The table below sets forth a summary of changes in the fair value of the Company’s Level 3 warrants for the year ended December 31, 2021:

(In thousands)
Balance at December 31, 2020	$	—
Initial recognition of warrants		8,774
Increase in fair value of warrants		4,927
Balance at December 31, 2021	$	13,701