Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.22.2.2
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis as required by ASC 820, by level, within the fair value hierarchy as of September 30, 2022 and December 31, 2021 (in thousands):
September 30, 2022
Fair Value Level 1 Level 2 Level 3
Liability
Contingent earnout shares liability $ 6,188 $ $ $ 6,188
    
December 31, 2021
Fair Value Level 1 Level 2 Level 3
Liability
Contingent earnout shares liability $ 29,057  $ —  $ —  $ 29,057 
Summary of the change in fair value of contingent earnout shares liability
Following is a summary of the change in fair value of contingent earnout shares liability for the nine months ended September 30, 2022 (in thousands).
Beginning fair value at December 31, 2021
$ 29,057 
Change in fair value during the period (22,869)
Ending fair value at September 30, 2022
$ 6,188