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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2022
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
Schedule of financial assets and liabilities measured at fair value on a recurring basis | The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at March 31, 2022
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Money market funds | ​ | $ | 257,555 | ​ | $ | — | ​ | $ | — | ​ | $ | 257,555
​ | ​ | $ | 257,555 | ​ | $ | — | ​ | $ | — | ​ | $ | 257,555
Liabilities: | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Contingent earn-out liability | ​ | $ | — | ​ | $ | — | ​ | $ | 18,128 | ​ | $ | 18,128
Contingently issuable common stock liability | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,792 | ​ | ​ | 3,792
Public Warrant liability | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,444 | ​ | ​ | 5,444
​ | ​ | $ | — | ​ | $ | — | ​ | $ | 27,364 | ​ | $ | 27,364
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements as of December 31, 2021
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Money market funds | ​ | $ | 297,536 | ​ | $ | — | ​ | $ | — | ​ | $ | 297,536
​ | ​ | $ | 297,536 | ​ | $ | — | ​ | $ | — | ​ | $ | 297,536
Liabilities: | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Contingent earn-out liability | ​ | $ | — | ​ | $ | — | ​ | $ | 20,809 | ​ | $ | 20,809
Contingently issuable common stock liability | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,264 | ​ | ​ | 5,264
Public Warrant liability | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 11,030 | ​ | ​ | 11,030
​ | ​ | $ | — | ​ | $ | — | ​ | $ | 37,103 | ​ | $ | 37,103
​
Contingent Earn-Out Liability |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
Schedule of contingent earn-out liability | The following table provides a rollforward of the contingent earn-out liability (in thousands):
​ | ​ | ​ | ​
Balance at December 31, 2021 | ​ | $ | 20,809
Change in fair value | ​ |  | (4,226)
Out-of-period adjustment | ​ | ​ | 1,545
Balance at March 31, 2022 | ​ | $ | 18,128
Contingently Issuable Common Stock Liability |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
Schedule of common stock warrant liability | The following table provides a rollforward of the contingently issuable common shares (in thousands):
​ | ​ | ​ | ​
Balance at December 31, 2021 | ​ | $ | 5,264
Change in fair value | ​ |  | (1,472)
Balance at March 31, 2022 | ​ | $ | 3,792
Public Warrant Liability. |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
Schedule of common stock warrant liability | The following table provides a rollforward of the public warrant liability (in thousands): ​
​ | ​ | ​ | ​
Balance at December 31, 2021 | ​ | $ | 11,030
Change in fair value | ​ |  | (5,586)
Balance at March 31, 2022 | ​ | $ | 5,444

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 + Details
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- Definition 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). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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