Earn-out Shares (Tables)

12 Months Ended

Dec. 31, 2022

Earn out Share [Abstract]

Schedule Of Estimated Fair Value Of The Earn Out Shares

The fair value per share of the Earn-Out Shares was $0.0014 and $2.74, respectively as of December 31, 2022 and December 31, 2021. The fair value was determined using a Monte Carlo simulation valuation model using a distribution of potential outcomes on a monthly basis over the Earn-Out Period using the most reliable information available. Assumptions used in the valuation were as follows:

	December 31, 2022			December 31, 2021
Stock price	$	0.43		$	8.28
Expected volatility		115.0	%		65.0	%
Risk-free interest rate		4.8	%		0.6	%
Forecast period (in years)		0.6			1.6
Cost of equity		20.0	%		20.0	%

Schedule Of Activity For Earn Out Liability

he following table presents activity for the earn-out liability measured at fair value using significant unobservable Level 3 inputs at December 31, 2021 and December 31, 2022 (in thousands):

	Earn-out Liability
Earn-out liability - August 25, 2021 (Closing Date)	$	61,024
Incremental shares due to option holder forfeitures		16
Change in fair value - Closing Date through December 31, 2021		(48,910	)
Earn-out liability - December 31, 2021		12,130
Change in fair value		(12,124	)
Balance at December 31, 2022	$	6