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Fair Value Measurements and Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities at Fair Value

The following tables provide the fair value measurement hierarchy of the Company’s assets and liabilities:

As of June 30, 2024						Fair value measurement using
Financial instruments						Quoted prices in active markets (Level 1)						Significant observable inputs (Level 2)						Significant unobservable inputs (Level 3)
$8.63 Warrants liability						$	455					$	—					$	—
PIPE Warrant liability						—						—						56
Liberty Warrants and Liberty Advisory Fee Warrant liability						—						—						1,084
Total Warrant Liabilities						$	455					$	—					$	1,140
Sponsor Earnout Liability						$	—					$	—					$	213
Secured Convertible Notes						$	—					$	—					$	36,430
As of December 31, 2023						Fair value measurement using
Financial instruments						Quoted prices in active markets (Level 1)						Significant observable inputs (Level 2)						Significant unobservable inputs (Level 3)
$8.63 Warrants liability						$	681					$	—					$	—
PIPE Warrant liability						—						—						97
Liberty Warrants and Liberty Advisory Fee Warrant liability						—						—						2,017
Total Warrant Liabilities						$	681					$	—					$	2,114
Sponsor Earnout Liability						$	—					$	—					$	419

Schedule of Changes in the Fair Value of Level 3 Liabilities

Changes in the fair value of Level 3 liabilities during the six months ended June 30, 2024 and 2023 were as follows:

			Liberty Warrants and Liberty Advisory Fee Warrant						PIPE Warrant						Sponsor Earnout						Secured Convertible Notes
At January 1, 2023			$	6,191					$	311					$	1,353					$	—
Remeasurement (gain)/loss (1)			(3,852)						(202)						(849)						—
At June 30, 2023			$	2,339					$	109					$	504					$	—
At January 1, 2024			$	2,017					$	97					$	419					$	—
Issues			—						—						—						30,000
Remeasurement (gain)/loss (1)			(933)						(41)						(206)						6,430
At June 30, 2024			$	1,084					$	56					$	213					$	36,430

(1)Recognized in the Condensed Consolidated Statements of Operations and Comprehensive Loss for the six months ended June 30, 2024 and 2023, respectively.

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- References

No definition available.

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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://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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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/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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