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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value
     

December 31,

Description

 

Level

 

2021

 

2020

Assets:

     

 

   

 

 

Investments

 

1

 

$

32,332

 

$

Liabilities:

     

 

   

 

 

Public Warrants

 

1

 

$

14,167

 

$

Private Warrants

 

2

 

 

396

 

 

Legacy Heliogen preferred stock warrants

 

3

 

 

 

 

46

Schedule of reconciliation of level 3 fair value liabilities

Instrument

 

December 31, 2020

 

Issuances(1)

 

Losses(2)

 

Conversion(3)

 

December 31, 2021

SAFE Instruments

 

$

 

83,411

 

86,907

 

(170,318

)

 

$

Legacy Heliogen preferred stock warrants

 

$

46

 

 

2,965

 

(3,011

)

 

$

(1)      Net of issuance costs.

(2)      The losses for the changes in the fair value of the SAFE Instruments and preferred stock warrants are reported in our Consolidated Statements of Operations and Comprehensive Loss in the line items SAFE Instrument remeasurement and warrant remeasurement, respectively.

(3)      On December 30, 2021, immediately prior to the Merger closing, the SAFE Instruments and preferred stock warrants were converted into 20,080,464 shares of common stock and 354,738 shares of common stock, respectively.

Schedule of fair value inputs and valuation techniques

Expected volatility

 

50.0

%

Risk-free interest rate

 

0.1

%

Dividend yield