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
 

Level 1

 

Level 2

 

Level 3

 

Total

As of December 31, 2021

 

 

   

 

   

 

   

 

 

Assets:

 

 

   

 

   

 

   

 

 

Investment – Cansativa

 

 

 

 

 

 

1,458

 

 

1,458

Total Assets

 

$

 

$

 

$

1,458

 

$

1,458

Liabilities:

 

 

   

 

   

 

   

 

 

Loans and borrowings

 

 

 

 

7,396

 

 

 

 

7,396

Warrant liability

 

 

 

 

 

 

2,205

 

 

2,205

Convertible notes

 

 

 

 

17,699

 

 

 

 

17,699

Total Liabilities

 

$

 

$

25,095

 

$

2,205

 

$

27,300

As of December 31, 2020

 

 

   

 

   

 

   

 

 

Assets:

 

 

   

 

   

 

   

 

 

Investment – Cansativa

 

 

 

 

 

 

1,553

 

 

1,553

Total Assets

 

$

 

$

 

$

1,553

 

$

1,553

Liabilities:

 

 

   

 

   

 

   

 

 

Loans and borrowings

 

$

 

$

6,701

 

$

 

$

6,701

Warrant Liability

 

 

 

 

 

 

19,061

 

$

19,061

Convertible notes

 

 

 

 

27,142

 

 

 

 

27,142

Total Liabilities

 

$

 

$

33,843

 

$

19,061

 

$

52,904

Schedule of change in fair value of warrant liabilities related to private warrants

Private Placement Warrants:

 

Total Warrant
Liability

Warrant liability at December 31, 2020

 

$

19,061

 

Change in fair value of warrant liability

 

 

(16,856

)

Warrant liability at December 31, 2021

 

$

2,205

 

Schedule of the fair value of its private warrants using the Monte Carlo simulation model
 

As of

   

December 31,
2021

 

December 31,
2020

Risk-free interest rate

 

 

1.11

%

 

 

0.43

%

Expected volatility

 

 

60

%

 

 

60

%

Share Price

 

$

3.10

 

 

$

8.90

 

Exercise Price

 

$

11.50

 

 

$

11.50

 

Expiration date

 

 

December 18, 2025

 

 

 

December 18, 2025