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)
3 Months Ended
Mar. 31, 2022
Class of Warrant or Right [Line Items]  
Schedule of carrying amounts of financial instruments

Successor

    

March 31, 2022

    

December 31, 2021

Financial assets:

 

  

 

  

Cash

$

110,345,801

$

140,477,586

Restricted cash

 

356,242

 

356,286

Clinics fees and insurance receivables, net

 

767,396

 

1,090,104

Other receivables

 

587,833

 

726,903

Financial liabilities:

 

  

 

  

Accounts payable and accrued expenses

 

21,726,910

 

17,730,683

Warrant liabilities

 

17,244,101

 

11,382,826

Schedule of financial liabilities measured at fair value on a recurring basis

    

Level 1

    

Level 2

    

Level 3

    

Total

Warrant liability as of March 31, 2022,

$

16,761,251

$

 

482,850

$

17,244,101

Warrant liability as of December 31, 2021

 

10,880,550

 

 

502,276

 

11,382,826

Schedule of changes in the fair value of financial liabilities

Successor

Predecessor

Three Months Ended

Three Months Ended

    

March 31, 2022

    

March 31, 2021

Beginning Balance of Private Warrant Liability

$

502,276

$

6,316,605

Mark-to-Market Adjustment for Stock Warrants

 

(19,426)

 

9,537,996

Ending Balance of Private Warrant Liability

$

482,850

$

15,854,601

Private Placement Warrants  
Class of Warrant or Right [Line Items]  
Schedule of Level 3 inputs into option pricing model

The key Level 3 inputs into the option pricing model as of March 31, 2022, relating to the Private Placement Warrants to purchase Class A Common Stock were as follows:

Volatility

    

60.00

%

Risk-Free Interest rate

 

2.42

%

Exercise Price

$

11.50

Expected Term

 

4.7 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