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

FAIR VALUE MEASUREMENT

v3.22.0.1
FAIR VALUE MEASUREMENT
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT FAIR VALUE MEASUREMENT
The carrying values of the Company’s cash and cash equivalents, trade receivables, and accounts payable approximate fair value due to their short maturities.
The following tables present the financial assets not measured at fair value on a recurring basis as of December 31, 2021 and December 31, 2020:
December 31, 2021
Carrying Value Estimated Fair Value Fair Value Hierarchy Financial Statement Line Item
Financial assets:
Notes receivable - current $ $ Level 3 Receivables
Notes receivable - non-current 3,391  3,391  Level 3 Other long-term assets
Advance payment - non-current 8,000  8,000  Level 3 Other long-term assets
Total financial assets $ 11,399  $ 11,399 
December 31, 2020
Carrying Value Estimated Fair Value Fair Value Hierarchy Financial Statement Line Item
Financial assets:
Notes receivable - non-current $ 815  $ 815  Level 3 Other long-term assets
Total financial assets $ 815  $ 815 
The notes receivable are fixed-rate investments, are not traded and do not have observable market inputs, therefore, the fair value is estimated to be equal to the carrying value. The advance payment is a not traded asset and does not have observable market inputs, therefore, the fair value is estimated to be equal to the carrying value.
The following table presents the liabilities measured at fair value on a recurring basis, by input level, in the Consolidated Balance Sheet at December 31, 2021:
December 31, 2021
Level 1 Level 2 Level 3 Total
Financial liabilities:
Public Warrants $ 4,255  —  —  4,255 
Private Warrants —  2,266  —  2,266 
Total financial liabilities $ 4,255  $ 2,266  $ —  $ 6,521 
The Company did not have any liabilities similar to those above requiring fair value measurement at December 31, 2020.