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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value A summary of the assets that are measured at fair value as of December 31, 2021 is as follows (in thousands):

 

 

 

December 31, 2021

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds(1)

 

$

101,561

 

 

$

101,561

 

 

$

 

 

$

 

Total assets measured at fair value

 

$

101,561

 

 

$

101,561

 

 

$

 

 

$

 

Roll-forward of Fair Value of Convertible Note and Preference Shares Tranche Obligations for Which Fair Value Determined by Level 3 Inputs

The following table presents a roll-forward of the fair value of the convertible note and preference shares tranche obligations for which fair value is determined by Level 3 inputs (in thousands):

 

 

 

Preference Shares Tranche Obligations

 

 

Convertible Note

 

 

Total

 

Balance, January 1, 2020

 

$

 

 

$

8,663

 

 

$

8,663

 

Fair value adjustments

 

 

 

 

 

1,985

 

 

 

1,985

 

Currency exchange

 

 

 

 

 

(375

)

 

 

(375

)

Conversion into class B preference shares

 

 

 

 

 

(10,273

)

 

 

(10,273

)

Balance at December 31, 2020

 

 

 

 

 

 

 

 

 

Addition in cash on issuance of class C preference shares

 

 

2,425

 

 

 

 

 

 

2,425

 

Fair value adjustments through statement of operations

 

 

26,830

 

 

 

 

 

 

26,830

 

Currency exchange

 

 

(979

)

 

 

 

 

 

(979

)

Settlement of preference shares tranche obligation through issuance of preference shares

 

 

(28,276

)

 

 

 

 

 

(28,276

)

Balance at December 31, 2021

 

$

 

 

$

 

 

$