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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2021
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables summarize our financial assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of the dates indicated:
| September 30, 2021
| Level 1 |  | Level 2 |  | Level 3 |  | Aggregate Fair Value
Assets: |
Money market funds | $ | 42,800 |  |  | $ | — |  |  | $ | — |  |  | $ | 42,800 |
Total assets | 42,800 |  |  | — |  |  | — |  |  | 42,800 |
Liabilities: |
Derivative liabilities, current | — |  |  | — |  |  | 547 |  |  | 547 |
Derivative liabilities, noncurrent | — |  |  | — |  |  | 2,205 |  |  | 2,205 |
Derivative warrant liabilities - Public Warrants | 23,402 |  |  | — |  |  | — |  |  | 23,402 |
Derivative warrant liabilities - Private Placement Warrants | — |  |  | — |  |  | 11,667 |  |  | 11,667 |
Total liabilities | $ | 23,402 |  |  | $ | — |  |  | $ | 14,419 |  |  | $ | 37,821 |
| December 31, 2020
| Level 1 |  | Level 2 |  | Level 3 |  | Aggregate Fair Value
Assets: |
Money market funds | $ | 25,016 |  |  | $ | — |  |  | $ | — |  |  | $ | 25,016 |
Total assets | 25,016 |  |  | — |  |  | — |  |  | 25,016 |
Liabilities: |
Derivative liabilities, noncurrent | — |  |  | — |  |  | 4,343 |  |  | 4,343 |
Class B Units - related party | — |  |  | — |  |  | 593,235 |  |  | 593,235 |
Total liabilities | $ | — |  |  | $ | — |  |  | $ | 597,578 |  |  | $ | 597,578 |
Schedule of Fair Value Measurements Inputs | The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:
| As of |  |  |
| September 30, 2021 |  |  |
Stock price | $ | 8.26 |  |  |  |
Exercise Price | $ | 11.50 |  |  |  |
Expected life of the warrants to convert (years) | 4.81 |  |  |
Volatility | 27.80 | % |  |  |
Risk-free rate | 0.93 | % |  |  |
Schedule of Changes in Fair Value of Liabilities | The following table summarizes the change in fair value of the derivative liabilities during the nine months ended September 30, 2021 and 2020:
Balance at January 1, 2021 | $ | 597,578 |
Incremental Class B Units | 206,914 |
Establishment of derivative warrant liabilities on July 21, 2021 (date of the Transactions) | 45,021 |
Change in fair value of derivative instruments | (11,543) |
Change in fair value of Class B Units | 728,079 |
Reclassification of Class B Units from liability to equity on July 21, 2021 (date of the Transactions) | $ | (1,528,228) |
Balance at September 30, 2021 | $ | 37,821 |
Balance at January 1, 2020 | $ | 119,307 |
Incremental Class B Units | 13,398 |
Change in fair value of derivative instruments | 1,874 |
Change in fair value of Class B Units | 113,866 |
Balance at September 30, 2020 | $ | 248,445 |
Schedule of Changes in Fair Value by Income Statement Location | The following table summarizes the change in fair value of the Class B Units by income statement line item during the three and nine months ended September 30, 2021 and 2020:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |  |
Cost of revenue | $ | 24,028 |  |  | $ | 12,167 |  |  | $ | 136,417 |  |  | $ | 22,052 |  |  |  |  |  |
Sales and marketing | 2,607 |  |  | 943 |  |  | 10,870 |  |  | 1,965 |  |  |  |  |  |
General and administrative | 102,911 |  |  | 50,960 |  |  | 580,792 |  |  | 89,849 |  |  |  |  |  |
Total change in fair value of Class B Units | $ | 129,546 |  |  | $ | 64,070 |  |  | $ | 728,079 |  |  | $ | 113,866 |  |  |  |  |  |

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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://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=117815213&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=117815213&loc=d3e19279-110258 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&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=117815213&loc=d3e19207-110258 + Details
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