Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements and Hierarchy (Tables)

v3.22.2.2
Fair Value Measurements and Hierarchy (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Measurements and Hierarchy  
Schedule of carrying amounts of financial instruments

    

Successor

    

June 30, 2022

    

December 31, 2021

Financial assets:

 

  

 

  

Cash

$

63,145,379

$

140,477,586

Restricted cash

 

753,920

 

356,286

Clinics fees and insurance receivables, net

 

1,931,291

 

1,090,104

Other receivables

 

261,935

 

726,903

Financial liabilities:

 

  

 

  

Accounts payable and accrued expenses

 

20,693,070

 

17,730,683

Warrants liabilities

 

5,429,009

 

11,382,826

Schedule of fair value hierarchy for financial liabilities

    

Level 1

    

Level 2

    

Level 3

    

Total

Warrant liability as of June 30, 2022

$

5,270,834

$

$

158,175

$

5,429,009

Warrant liability as of December 31, 2021

 

10,880,550

 

 

502,276

 

11,382,826

Summary of Level 3 inputs into option pricing model

The key Level 3 inputs into the option pricing model as of June 30, 2022 relating to the Private Placement Warrants to purchase Class A Common Stock were as follows:

Volatility

    

65.00

%

Risk-Free Interest rate

 

3.00

%

Exercise Price

$

11.50

Expected Term

 

4.4

Years

The key Level 3 inputs into the option pricing model as of December 31, 2021 relating to the Private Placement Warrants to purchase Class A Common Stock were as follows:

Volatility

    

60.00

%

Risk-Free Interest rate

 

1.26

%

Exercise Price

$

11.50

Expected Term

 

4.9

Years

Schedule of changes in the fair value

Successor

Predecessor

    

Six Months Ended June

  

  

Six Months Ended June

30, 2022

30, 2021

Beginning Balance of Private Warrant Liability

$

502,276

$

6,316,605

Mark-to-Market Adjustment for Stock Warrants

 

(344,101)

 

10,661,579

Ending Balance of Private Warrant Liability

$

158,175

$

16,978,184