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Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assumptions

These two types of inputs have created the following fair-value hierarchy:

Level 1:			Quoted prices for identical instruments in active markets;
Level 2:			Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and
Level 3:			Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

The table below presents the fair value per warrant and the valuation assumptions under the Black-Scholes OPM:

									December 31, 2023						December 31, 2022
Fair value per share									$	0.43					$	0.17
Warrants outstanding									7,732,168						7,732,168
Exercise price									$	11.50					$	11.50
Common stock price									$	2.85					$	1.98
Expected option term									2.67 years						3.67 years
Expected volatility									74.20		%				60.70		%
Risk-free rate of return									4.00		%				4.10		%
Expected annual dividend yield									—		%				—		%

Schedule of Liabilities Measured at Fair Value

The table below presents the Company’s financial instruments measured at fair value on a recurring basis:

									December 31, 2023
			Balance Sheet Location						Level 1						Level 2						Level 3						Total
Assets:
Committed equity facility			Prepaid expenses and other current assets						$	—					$	—					$	—					$	—
Total assets									$	—					$	—					$	—					$	—
Liabilities:
Private warrants			Warrant liabilities						$	—					$	—					$	3,325					$	3,325
Contingent consideration			Notes payable to sellers						—						—						—						—
Total liabilities									$	—					$	—					$	3,325					$	3,325
									December 31, 2022
			Balance Sheet Location						Level 1						Level 2						Level 3						Total
Assets:
Committed equity facility			Other non-current assets						$	—					$	—					$	216					$	216
Total assets									$	—					$	—					$	216					$	216
Liabilities:
Private warrants			Warrant liabilities						$	—					$	—					$	1,314					$	1,314
Contingent consideration			Notes payable to sellers						—						—						1,000						1,000
Total liabilities									$	—					$	—					$	2,314					$	2,314

Changes in the Fair Value of Level 3 Financial Assets

Changes in the fair value of Level 3 financial assets and liabilities were as follows:

Assets:			Committed Equity Facility																								Total Level 3
December 31, 2021			$	—																							$	—
Additions			756																								756
Changes in fair value			(540)																								(540)
Settlements			—																								—
December 31, 2022			$	216																							$	216
Additions			—																								—
Changes in fair value			(216)																								(216)
Settlements			—																								—
December 31, 2023			$	—																							$	—

Liabilities:			Contingent Consideration						Private Warrants						Total Level 3
December 31, 2021			$	1,000					$	19,098					$	20,098
Additions			—						—						—
Changes in fair value			—						(17,784)						(17,784)
Settlements			—						—						—
December 31, 2022			$	1,000					$	1,314					$	2,314
Additions			—						—						—
Changes in fair value			—						2,011						2,011
Settlements			(1,000)						—						(1,000)
December 31, 2023			$	—					$	3,325					$	3,325

Changes in the Fair Value of Level 3 Financial Liabilities

Changes in the fair value of Level 3 financial assets and liabilities were as follows:

Assets:			Committed Equity Facility																								Total Level 3
December 31, 2021			$	—																							$	—
Additions			756																								756
Changes in fair value			(540)																								(540)
Settlements			—																								—
December 31, 2022			$	216																							$	216
Additions			—																								—
Changes in fair value			(216)																								(216)
Settlements			—																								—
December 31, 2023			$	—																							$	—

Liabilities:			Contingent Consideration						Private Warrants						Total Level 3
December 31, 2021			$	1,000					$	19,098					$	20,098
Additions			—						—						—
Changes in fair value			—						(17,784)						(17,784)
Settlements			—						—						—
December 31, 2022			$	1,000					$	1,314					$	2,314
Additions			—						—						—
Changes in fair value			—						2,011						2,011
Settlements			(1,000)						—						(1,000)
December 31, 2023			$	—					$	3,325					$	3,325

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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