Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]

Schedule of Fair Value Measurement of Assets and Liabilities Based on Hierarchy

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis as of March 31, 2022.

	Fair Value Measurements as of March 31, 2022
Description	Level 1		Level 2		Level 3		Total
Liabilities:
Tax Receivable Agreement	$	-	$	-	$	4,600	$	4,600
Fathom OpCo acquisitions contingent consideration		-		-		3,598		3,598
Sponsor Earnout Shares Liability		-		-		7,020		7,020
Fathom Earnout Shares Liability		-		-		47,690		47,690
Warrant liability – Public Warrants		6,600		-		-		6,600
Warrant liability – Private Placement Warrants		-		-		19,200		19,200
	$	6,600	$	-	$	82,108	$	88,708

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis as of December 31, 2021.

	Fair Value Measurements as of December 31, 2021
Description	Level 1		Level 2		Level 3		Total
Liabilities:
Tax Receivable Agreement	$	-	$	-	$	4,600	$	4,600
Fathom OpCo acquisitions contingent consideration		-		-		3,598		3,598
Sponsor Earnout Shares Liability		-		-		9,380		9,380
Fathom Earnout Shares Liability		-		-		64,300		64,300
Warrant liability – Public Warrants		7,600		-		-		7,600
Warrant liability – Private Placement Warrants		-		-		26,300		26,300
	$	7,600	$	-	$	108,178	$	115,778

Reconciliation of Beginning and Ending Balances of Recurring Level 3 Fair Value Measurements

The following table presents a reconciliation of the beginning and ending balances of recurring level 3 fair value measurements.

	Level 3 Liabilities
	Tax Receivable Agreement liability		Fathom OpCo acquisitions contingent consideration		Sponsor Earnout shares liability			Fathom Earnout shares liability			Warrant liability – Private Placement Warrants			Total
Balance at December 31, 2021	$	4,600	$	3,598	$	9,380		$	64,300		$	26,300		$	108,178
Net gain (1)		-		-		(2,360	)		(16,610	)		(7,100	)		(26,070	)
Ending balance at March 31, 2022	$	4,600	$	3,598	$	7,020		$	47,690		$	19,200		$	82,108

(1) Net gains on changes in recurring level 3 fair value measurements are recognized in Other income in our unaudited consolidated statement of comprehensive loss.