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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of company's contingent consideration measured at fair value | The Company’s contingent consideration measured at fair value for the periods presented are as follows (in thousands):
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Liability: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration (1) |  | $ | 1,208 |  |  |  | - |  |  |  | - |  |  | $ | 1,208 |  |  | $ | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total liabilities |  | $ | 1,208 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,208 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
(1) As of December 31, 2023, contingent consideration includes certain amounts in other long-term liabilities on the Company’s consolidated balance sheets.
Summary of reconciliation of changes in the fair value of the Company's earn-out liabilities | The following table provides a reconciliation of changes in the fair value of the Company’s earn-out liabilities associated with the Company’s acquisition measured at fair value for the twelve months ended December 31, 2023, 2022, and 2021 (in thousands):
|  | Twelve Months Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Beginning period balance |  | $ | - |  |  | $ | - |  |  | $ | - |
Additions to contingent consideration |  |  | 3,571 |  |  |  | - |  |  |  | - |
Payments of contingent consideration |  |  | - |  |  |  | - |  |  |  | - |
Fair value adjustment of earn-out liabilities |  |  | (2,341 | ) |  |  | - |  |  |  | - |
Currency translation adjustment |  |  | (22 | ) |  |  | - |  |  |  | - |
Ending period balance |  | $ | 1,208 |  |  | $ | - |  |  | $ | - |

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- Definition Tabular disclosure of contingent consideration measured at fair value. + References No definition available. + Details
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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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