Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Measurements  
Schedule of financial assets and liabilities measured and recorded at fair value on a recurring basis

2021

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets

Commercial Paper

$

33,275

$

$

$

33,275

Corporate Bonds

$

39,593

$

$

$

39,593

Government Bonds

$

3,017

$

$

$

3,017

Liabilities

 

  

 

  

Public Warrants

$

26,483

$

$

$

26,483

Private Warrants

$

$

23,537

$

$

23,537

2020

    

Level 1

    

Level 2

    

Level 3

    

Total

Liabilities

2020 Convertible Promissory Notes Embedded Derivative

$

$

$

2,817

$

2,817

2019 Convertible Promissory Notes

$

$

$

3,612

$

3,612

Schedule of fair value of financial instruments that are not recorded at fair value

    

December 31, 2020

    

Principal Amount

    

Fair Value

APIC:

 

  

 

  

2020 Convertible Promissory Notes

$

5,125

$

7,424

Schedule of Level 2 inputs used in the recurring valuation of the Private Placement Warrants

    

December 8, 2021

    

December 31, 2021

 

Exercise Price

$

11.50

$

11.50

Stock Price

$

13.01

$

8.74

Volatility

 

48.4

%  

 

48.9

%

Term

 

5

 

4.94

Risk-free rate

 

1.26

%  

 

1.24

%

Schedule of reconciliation of the warrants measured at fair value

The following table provides a reconciliation of the Private Placement Warrants measured at fair value using Level 2 significant unobservable inputs (in thousands):

    

2021

December 8, 2021

$

6.07

Change in fair value

$

(3.00)

December 31, 2021

$

3.07