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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Measurements [Abstract]

Schedule of financial assets and liabilities

		June 30, 2023
		Level 1				Level 2				Level 3				Total
Financial assets
Money market funds		$	114,812			$	—			$	—			$	114,812
Total fair value of assets		$	114,812			$	—			$	—			$	114,812
Financial liabilities
Earnout liability		$	—			$	—			$	362			$	362
Total fair value of financial liabilities		$	—			$	—			$	362			$	362

		December 31, 2022
		Level 1				Level 2				Level 3				Total
Financial assets
Money market funds		$	37,250			$	—			$	—			$	37,250
Total fair value of assets		$	37,250			$	—			$	—			$	37,250
Financial liabilities
Common stock warrant liability		$	150			$	—			$	—			$	150
Earnout liability			—				—				18				18
Total fair value of financial liabilities		$	150			$	—			$	18			$	168

Schedule of changes in the fair value of the company’s Level 3 financial liabilities

		Earnout Liability
Fair Value as of January 1, 2023		$	18
Change in the fair value included in other expense			764
Fair Value as of March 31, 2023			782
Change in the fair value included in other income			(420	)
Fair Value as of June 30, 2023		$	362
Fair Value as of January 1, 2022		$	5,743
Change in the fair value included in other income			(4,593	)
Fair Value as of March 31, 2022			1,150
Change in the fair value included in other income			(625	)
Fair Value as of June 30, 2022		$	525

Schedule of fair value measurements

		Fair value (in thousands)				Valuation methodology		Significant unobservable input
Earnout liability		$	362			Monte Carlo Simulation		Common stock price		$	1.37
								Expected term (in years)			1.24
								Expected volatility			139.0	%
								Risk-free interest rate			5.14	%

		Fair value (in thousands)				Valuation methodology		Significant unobservable input
Earnout liability		$	18			Monte Carlo  Simulation		Common stock price		$	0.48
								Expected term (in years)			1.73
								Expected volatility			105.0	%
								Risk-free interest rate			4.40	%

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

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

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- Definition

Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (b)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
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-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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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/2003/role/disclosureRef
-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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-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

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