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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

			September 30, 2024
			Level 1						Level 2						Level 3						Total
Assets:
Cash equivalents
Money market funds			$	27,352					$	—					$	—					$	27,352
US Treasury Bills			17,914						—						—						17,914
Total cash equivalents at fair value			$	45,266					$	—					$	—					$	45,266

The contingent consideration for the acquisition of Bridg is composed of the payments per the Settlement Agreement. The fair value of contingent consideration in connection with the Bridg acquisition were as follows (in thousands):

			December 31, 2023
			Level 1						Level 2						Level 3						Total
Liabilities:
Current contingent consideration			$	—					$	—					$	39,398					$	39,398
Long-term contingent consideration			—						—						4,162						4,162
Total liabilities			$	—					$	—					$	43,560					$	43,560

Schedule of Fair Value of Contingent Consideration

The following table shows a reconciliation of the beginning and ending fair value measurements of our contingent consideration, which we have valued using level 3 inputs:

									Nine Months Ended September 30,
															2024						2023
Beginning balance															$	43,560					$	104,121
Decrease due to earnout settlement															(45,114)						(61,808)
Change in fair value of contingent consideration															$	5,817					(15,045)
Reclassification due to remaining payments being fixed per Settlement Agreement															(4,263)						—
Ending balance															$	—					$	27,268

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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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).

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