Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.2.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Measurements  
Schedule of assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis, including their levels in the fair value hierarchy are as follows:

As of June 30, 2022

Fair value hierarchy

Fair value of assets

    

Level 1

    

Level 2

    

Level 3

Cash and cash equivalents

$

6,483

$

$

Restricted cash

28,198

Investments

8

6,596

Warrant liability

644

Total

$

34,689

$

$

7,240

As of December 31, 2021

Fair value hierarchy

Fair value of assets

    

Level 1

    

Level 2

    

Level 3

Cash and cash equivalents

$

4,221

$

$

Restricted cash

2,731

Investments

102

6,596

Warrant liability

2,394

Total

$

7,054

$

$

8,990

Schedule of significant assumptions determining the fair value of the warrant liability

The following table summarizes the significant assumptions used in the determining the fair value of the warrant liability as of June 30, 2022:

Exercise price

$0.26 - $0.30

Risk free interest rate

1.06%

Expected Share Price Volatility

67% - 69%

Expected Life of Warrant (years)

0.58 - 0.83

Schedule of assets and liabilities measured at fair value on a non-recurring basis The following table summarizes the goodwill activity for the six months ended June 30, 2022:

Balance, January 1, 2022

$

70,545

Jupiter impairment

(6,668)

Balance, June 30, 2022

$

63,877