| Schedule of Fair Value Measurement of Assets and Liabilities Based on Hierarchy |
The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis as of September 30, 2022.
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Fair Value Measurements as of September 30, 2022 |
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Description |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Liabilities: |
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Tax Receivable Agreement |
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$ |
- |
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$ |
- |
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$ |
4,400 |
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$ |
4,400 |
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Fathom OpCo acquisitions contingent consideration |
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- |
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- |
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700 |
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|
700 |
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Sponsor Earnout Shares Liability |
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- |
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- |
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1,790 |
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1,790 |
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Fathom Earnout Shares Liability |
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- |
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- |
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11,910 |
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11,910 |
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Warrant liability – Public Warrants |
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1,720 |
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- |
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- |
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1,720 |
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Warrant liability – Private Placement Warrants |
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- |
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- |
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4,180 |
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4,180 |
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$ |
1,720 |
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$ |
- |
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$ |
22,980 |
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$ |
24,700 |
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The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis as of December 31, 2021.
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Fair Value Measurements as of December 31, 2021 |
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Description |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Liabilities: |
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Tax Receivable Agreement |
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$ |
- |
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$ |
- |
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$ |
4,600 |
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$ |
4,600 |
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Fathom OpCo acquisitions contingent consideration |
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- |
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- |
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3,598 |
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3,598 |
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Sponsor Earnout Shares Liability |
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- |
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- |
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9,380 |
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9,380 |
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Fathom Earnout Shares Liability |
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- |
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- |
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64,300 |
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64,300 |
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Warrant liability – Public Warrants |
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7,600 |
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- |
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- |
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7,600 |
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Warrant liability – Private Placement Warrants |
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- |
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- |
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26,300 |
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26,300 |
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$ |
7,600 |
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$ |
- |
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$ |
108,178 |
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$ |
115,778 |
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| Reconciliation of Beginning and Ending Balances of Recurring Level 3 Fair Value Measurements |
The following table presents a reconciliation of the beginning and ending balances of recurring level 3 fair value measurements.
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Level 3 Liabilities |
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Tax Receivable Agreement liability |
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Fathom OpCo acquisitions contingent consideration |
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Sponsor Earnout shares liability |
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Fathom Earnout shares liability |
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Warrant liability – Private Placement Warrants |
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Total |
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Balance at December 31, 2021 |
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$ |
4,600 |
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$ |
3,598 |
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$ |
9,380 |
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$ |
64,300 |
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$ |
26,300 |
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$ |
108,178 |
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Payments |
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- |
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(2,750 |
) |
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- |
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- |
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- |
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$ |
(2,750 |
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Net (gain) loss (1) |
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(200 |
) |
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(148 |
) |
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(7,590 |
) |
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(52,390 |
) |
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(22,120 |
) |
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$ |
(82,448 |
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Ending balance at September 30, 2022 |
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$ |
4,400 |
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$ |
700 |
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$ |
1,790 |
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$ |
11,910 |
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$ |
4,180 |
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$ |
22,980 |
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(1) Net gains on changes in recurring level 3 fair value measurements are recognized in Other income and net losses on change in recurring level 3 fair value measurements are recognized in other expense in our unaudited consolidated statement of comprehensive loss.
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