XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.2

Fair Value Measures and Disclosures (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The Company’s assets and liabilities that were measured at fair value on a recurring basis were as follows:

			Fair Value Measured as of September 30, 2021
			Level 1						Level 2						Level 3						Total
			(In thousands)
Assets
Money market funds			$	296,826					$	—					$	—					$	296,826
Total financial assets			$	296,826					$	—					$	—					$	296,826
Liabilities
Common stock warrant liabilities (Public)			$	13,283					$	—					$	—					$	13,283
Common stock warrant liabilities (Private Placement)			—						—						6,853						6,853
Contingent earnout liabilities			—						—						118,749						118,749
Total financial liabilities			$	13,283					$	—					$	125,602					$	138,885
			Fair Value Measured as of December 31, 2020
			Level 1						Level 2						Level 3						Total
			(In thousands)
Assets
Money market funds			$	15,517					$	—					$	—					$	15,517
Total financial assets			$	15,517					$	—					$	—					$	15,517
Liabilities
Redeemable convertible preferred stock warrant liability			$	—					$	—					$	181					$	181
Total financial liabilities			$	—					$	—					$	181					$	181

Summary of Changes in Fair Value of Level 3 Financial Instruments

The following table presents a summary of the changes in the fair value of the Company’s Level 3 financial instruments:

			Redeemable convertible preferred stock warrant liabilities						Private placement warrant liabilities						Contingent earnout liabilities
			(In thousands)
Fair value as of January 1, 2021			$	181					$	—					$	—
Private placement warrant liabilities acquired as part of the reverse recapitalization			—						7,165						—
Contingent earnout liabilities recognized upon the closing of the reverse recapitalization			—						—						120,763
Change in fair value			718						(312)						(2,014)
Issuance of warrants			—						—						—
Exercise of warrants			(899)						—						—
Fair value as of September 30, 2021			$	—					$	6,853					$	118,749
			Redeemable convertible preferred stock warrant liabilities						Private placement warrant liabilities						Contingent earnout liabilities
			(In thousands)
Fair value as of January 1, 2020			$	185					$	—					$	—
Change in fair value			(5)						—						—
Issuance of warrants			—						—						—
Exercise of warrants			—						—						—
Fair value as of September 30, 2020			$	180					$	—					$	—

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 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

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration