Post-effective amendment to a registration statement that is not immediately effective upon filing

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets And Liabilities Measured on Recurring Basis
The following table sets forth, by level within the fair value hierarchy, the accounting of the Company’s financial assets and liabilities at fair value on a recurring and nonrecurring basis according to the valuation techniques the Company uses to determine their fair value:
 
    
December 31, 2021
 
    
Level 1
    
Level 2
    
Level 3
 
     (in thousands)  
Recurring fair value measurements
        
Assets:
        
Money market funds
   $ 96,661      $ —        $ —    
  
 
 
    
 
 
    
 
 
 
Total
   $ 96,661      $ —        $ —    
 
    
December 31, 2020
 
    
Level 1
    
Level 2
    
Level 3
 
     (in thousands)  
Recurring fair value measurements
        
Assets:
        
Money market funds
   $ 4      $ —        $ —    
  
 
 
    
 
 
    
 
 
 
Total
   $ 4      $ —        $ —    
  
 
 
    
 
 
    
 
 
 
Schedule of Changes in Level 3 Fair Value Measurement for the Warrant Liability
The following table presents changes in the Level 3 fair value measurement for the warrant liability on a recurring basis:
 
    
Year Ended December 31,
 
    
Convertible
Notes
    
Warrant
Liability
 
     (in thousands)  
Balance as of December 31, 2020
   $ —      $ —  
Additions
     26,050      1,415
Fair value measurement adjustments
     5,067      10
Gain on Convertible Notes
     (240      —    
Interest expense on Convertible Notes
(paid-in-kind)
     1,364      —    
Settlement of Convertible Notes and Warrants
     (32,241      (1,425
  
 
 
    
 
 
 
Balance as of December 31, 2021
   $ —      $ —