Schedule of assets and liabilities measured at fair value on a recurring basis |
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September 30, 2021 |
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Fair Value |
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Level 1 |
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Level 2 |
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Level 3 |
Assets |
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Money Market Funds |
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$ |
416,314 |
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$ |
416,314 |
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$ |
— |
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$ |
— |
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Liability |
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Contingent earnout shares liability |
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$ |
32,337 |
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$ |
— |
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$ |
— |
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$ |
32,337 |
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December 31, 2020 |
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Fair Value |
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Level 1 |
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Level 2 |
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Level 3 |
Assets |
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Money Market Funds |
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$ |
702,422 |
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$ |
702,422 |
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$ |
— |
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$ |
— |
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Liability |
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Contingent earnout shares liability |
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$ |
133,503 |
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$ |
— |
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$ |
— |
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$ |
133,503 |
Private placement warrants liability |
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$ |
6,613 |
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$ |
— |
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$ |
6,613 |
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$ |
— |
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Schedule of retroactive recapitalization |
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12/21/20 |
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Weighted |
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Merger |
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Recapitalized |
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Days |
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Average |
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As |
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Conversion |
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Common |
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Outstanding |
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% of |
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Common |
Date |
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Description |
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Calculated |
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Ratio |
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Stock |
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in 2020 |
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weighting |
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Shares |
3 months ended 9/30/2020 |
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Weighted-average shares, basic and diluted |
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8,997,164 |
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1.24 |
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11,151,398 |
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100 |
% |
11,151,398 |
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12/31/2018 |
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Angel Shares |
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51,316,627 |
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92 |
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100 |
% |
51,316,627 |
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3/4/2019 |
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Seed Shares |
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11,107,496 |
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92 |
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100 |
% |
11,107,496 |
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5/6/2019 |
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Seed Shares |
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11,107,495 |
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92 |
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100 |
% |
11,107,495 |
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8/16/2020 |
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Convertible Debt |
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63,219,362 |
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46 |
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50 |
% |
31,609,681 |
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116,292,697 |
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12/21/20 |
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Weighted |
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As |
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Merger |
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Recapitalized |
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Days |
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Average |
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Previously |
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Conversion |
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Common |
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Outstanding |
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% of |
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Common |
Date |
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Description |
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Reported |
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Ratio |
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Stock |
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in 2020 |
|
weighting |
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Shares |
9 months ended 9/30/2020 |
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Weighted-average shares, basic and diluted |
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7,997,527 |
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1.24 |
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9,912,414 |
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100 |
% |
9,912,414 |
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12/31/2018 |
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Angel Shares |
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51,316,627 |
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274 |
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100 |
% |
51,316,627 |
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3/4/2019 |
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Seed Shares |
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11,107,496 |
|
274 |
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100 |
% |
11,107,496 |
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5/6/2019 |
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Seed Shares |
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|
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11,107,495 |
|
274 |
|
100 |
% |
11,107,495 |
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8/16/2020 |
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Convertible Debt |
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63,219,362 |
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46 |
|
17 |
% |
10,613,470 |
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94,057,501 |
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