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Fair Value Disclosures (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Summary of Financial Instruments Measured At Fair Value On a Recurring Basis

The following table represents the fair value of the financial instruments measured at fair value on a recurring basis:

 

 

 

As of June 30, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents*

 

$

16,498

 

 

$

 

 

$

 

 

$

16,498

 

Total assets measured at fair value

 

$

16,498

 

 

$

 

 

$

 

 

$

16,498

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition-related liabilities

 

$

 

 

$

 

 

$

38,813

 

 

$

38,813

 

Derivative liabilities

 

$

 

 

$

 

 

$

1,215

 

 

$

1,215

 

Total liabilities measured at fair value

 

$

 

 

$

 

 

$

40,028

 

 

$

40,028

 

 

 

 

As of December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents*

 

$

8,564

 

 

$

 

 

$

 

 

$

8,564

 

Total assets measured at fair value

 

$

8,564

 

 

$

 

 

$

 

 

$

8,564

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition-related liabilities

 

$

 

 

$

 

 

$

22,957

 

 

$

22,957

 

Total liabilities measured at fair value

 

$

 

 

$

 

 

$

22,957

 

 

$

22,957

 

 

* Includes cash invested by the Company in certain money market accounts with a financial institution.

Summary of Reconciliations of Changes In The Fair Value of The Liabilities

The following table reconciles the changes in the fair value of the liabilities categorized within Level 3 of the fair value hierarchy for the six months ended June 30, 2022:

 

 

 

Acquisition
related liabilities

 

Derivative liabilities

 

Balance as of January 1, 2022

 

$

22,957

 

$

 

Additions, net of payments

 

 

5,061

 

 

 

Change in fair value

 

 

10,795

 

 

1,215

 

Balance as of June 30, 2022

 

$

38,813

 

$

1,215