XML 37 R27.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Investments and fair value measurements (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of Investments on Condensed Consolidated Balance Sheets | The Company’s assets and liabilities that are measured at fair value on a recurring or nonrecurring basis within the fair value hierarchy are as follows (in thousands):
As of September 30, 2022 |  | Level 1 |  | Level 2 |  | Level 3
Cash equivalents: |  |  |  |  |  |
Money market funds |  | $ | 1,457 |  |  | $ | — |  |  | $ | — |
U.S. government securities |  | — |  |  | 7,464 |  |  | — |
Total cash equivalents |  | $ | 1,457 |  |  | $ | 7,464 |  |  | $ | — |
Marketable securities: |  |  |  |  |  |
U.S. government securities |  | $ | — |  |  | $ | 66,052 |  |  | $ | — |
Noncurrent assets: |  |  |  |  |  |
Strategic investments |  | $ | — |  |  | $ | — |  |  | $ | 12,104 |
Liabilities: |  |  |  |  |  |
Cash settled stock appreciation rights |  | $ | — |  |  | $ | — |  |  | $ | 522 |
As of December 31, 2021 |  | Level 1 |  | Level 2 |  | Level 3
Noncurrent assets: |  |  |  |  |  |
Strategic investments |  | $ | — |  |  | $ | — |  |  | $ | 10,000 |
Liabilities: |  |  |  |  |  |
Cash settled stock appreciation rights |  | $ | — |  |  | $ | — |  |  | $ | 818 |
Schedule of Investments on Condensed Consolidated Balance Sheets | The Company’s assets and liabilities that are measured at fair value on a recurring or nonrecurring basis within the fair value hierarchy are as follows (in thousands):
As of September 30, 2022 |  | Level 1 |  | Level 2 |  | Level 3
Cash equivalents: |  |  |  |  |  |
Money market funds |  | $ | 1,457 |  |  | $ | — |  |  | $ | — |
U.S. government securities |  | — |  |  | 7,464 |  |  | — |
Total cash equivalents |  | $ | 1,457 |  |  | $ | 7,464 |  |  | $ | — |
Marketable securities: |  |  |  |  |  |
U.S. government securities |  | $ | — |  |  | $ | 66,052 |  |  | $ | — |
Noncurrent assets: |  |  |  |  |  |
Strategic investments |  | $ | — |  |  | $ | — |  |  | $ | 12,104 |
Liabilities: |  |  |  |  |  |
Cash settled stock appreciation rights |  | $ | — |  |  | $ | — |  |  | $ | 522 |
As of December 31, 2021 |  | Level 1 |  | Level 2 |  | Level 3
Noncurrent assets: |  |  |  |  |  |
Strategic investments |  | $ | — |  |  | $ | — |  |  | $ | 10,000 |
Liabilities: |  |  |  |  |  |
Cash settled stock appreciation rights |  | $ | — |  |  | $ | — |  |  | $ | 818 |
Summary of the Changes in the Fair Value of Level 3 Financial Instruments | A summary of the changes in the fair value of Level 3 financial instruments, of which remeasurement of stock appreciation rights (“SARs”) are recognized in the condensed consolidated statements of operations, is as follows (in thousands):
| Warrants |  | Stock Appreciation Rights |  | Strategic Investments
Balance— June 30, 2022 | $ | — |  |  | $ | 419 |  |  | $ | 15,000 |
Vesting and remeasurement of SARs, net of exercises | — |  |  | 165 |  |  | — |
Amount reclassified from liability to equity upon exchange | — |  |  | (62) |  |  | — |
Unrealized loss on strategic investments | — |  |  | — |  |  | (2,896) |
Balance— September 30, 2022 | $ | — |  |  | $ | 522 |  |  | $ | 12,104 |
Balance— June 30, 2021 | $ | — |  |  | $ | 791 |  |  | $ | — |
Vesting and remeasurement of SARs | — |  |  | 121 |  |  | — |
Balance— September 30, 2021 | $ | — |  |  | $ | 912 |  |  | $ | — |
Balance— December 31, 2021 | $ | — |  |  | $ | 818 |  |  | $ | 10,000 |
Vesting and remeasurement of SARs, net of exercises | — |  |  | (234) |  |  | — |
Purchases of strategic investments | — |  |  | — |  |  | 5,000 |
Amount reclassified from liability to equity upon exchange | — |  |  | (62) |  |  | — |
Unrealized loss on strategic investments | — |  |  | — |  |  | (2,896) |
Balance— September 30, 2022 | $ | — |  |  | $ | 522 |  |  | $ | 12,104 |
Balance— December 31, 2020 | $ | 160 |  |  | $ | 268 |  |  | $ | — |
Exercise of redeemable convertible preferred stock warrants | (160) |  |  | — |  |  | — |
Vesting and remeasurement of SARs | — |  |  | 644 |  | — |
Balance— September 30, 2021 | $ | — |  |  | $ | 912 |  |  | $ | — |
Summary of the Changes in the Fair Value of Level 3 Financial Instruments | A summary of the changes in the fair value of Level 3 financial instruments, of which remeasurement of stock appreciation rights (“SARs”) are recognized in the condensed consolidated statements of operations, is as follows (in thousands):
| Warrants |  | Stock Appreciation Rights |  | Strategic Investments
Balance— June 30, 2022 | $ | — |  |  | $ | 419 |  |  | $ | 15,000 |
Vesting and remeasurement of SARs, net of exercises | — |  |  | 165 |  |  | — |
Amount reclassified from liability to equity upon exchange | — |  |  | (62) |  |  | — |
Unrealized loss on strategic investments | — |  |  | — |  |  | (2,896) |
Balance— September 30, 2022 | $ | — |  |  | $ | 522 |  |  | $ | 12,104 |
Balance— June 30, 2021 | $ | — |  |  | $ | 791 |  |  | $ | — |
Vesting and remeasurement of SARs | — |  |  | 121 |  |  | — |
Balance— September 30, 2021 | $ | — |  |  | $ | 912 |  |  | $ | — |
Balance— December 31, 2021 | $ | — |  |  | $ | 818 |  |  | $ | 10,000 |
Vesting and remeasurement of SARs, net of exercises | — |  |  | (234) |  |  | — |
Purchases of strategic investments | — |  |  | — |  |  | 5,000 |
Amount reclassified from liability to equity upon exchange | — |  |  | (62) |  |  | — |
Unrealized loss on strategic investments | — |  |  | — |  |  | (2,896) |
Balance— September 30, 2022 | $ | — |  |  | $ | 522 |  |  | $ | 12,104 |
Balance— December 31, 2020 | $ | 160 |  |  | $ | 268 |  |  | $ | — |
Exercise of redeemable convertible preferred stock warrants | (160) |  |  | — |  |  | — |
Vesting and remeasurement of SARs | — |  |  | 644 |  | — |
Balance— September 30, 2021 | $ | — |  |  | $ | 912 |  |  | $ | — |

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&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 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 2: 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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + 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 (b) -URI https://asc.fasb.org/extlink&oid=126976982&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 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration