Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENT (Tables)

v3.22.2
FAIR VALUE MEASUREMENT (Tables)
 6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
SUMMARY OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE RECURRING AND NONRECURRING BASIS

Assets and liabilities measured at fair value on a recurring or nonrecurring basis are as follows:

  

    June 30, 2022  
    Level 1     Level 2     Level 3     Total  
Assets:                        
Alternative fuel credits   $ -     $ 39     $ -     $ 39  
Total assets   $ -     $ 39     $ -     $ 39  
                                 
Liabilities:                                
Common stock liability   $ 710     $ -     $ -     $ 710  

Contingent consideration

     -       -      

3,514

      

3,514

  
Warrant liability     -       -       47       47  
Total liabilities   $ 710     $ -     $ 3,561     $ 4,272  

 

    December 31, 2021  
    Level 1     Level 2     Level 3     Total  
Assets:                                
Alternative fuel credits   $ -     $ 58     $ -     $ 58  
Total assets   $ -     $ 58     $ -     $ 58  
                                 
Liabilities:                                
Common stock liability   $ 364     $ -     $ -     $ 364  
Warrant liability     -       -       159       159  
Total liabilities   $ 364     $ -     $ 159     $ 523  
SUMMARY OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITIES MEASURED AT RECURRING BASIS

The following table sets forth a summary of the changes in the fair value of Level 3 warrant liabilities that are measured at fair value on a recurring basis:

  

Contingent Consideration      
Beginning balance as of January 1, 2022   $ -  
Contingent consideration assumed in Electric Blue acquisition     3,400  
Change in fair value of contingent consideration     114  
Ending balance as of June 30, 2022   $ 3,514  

 

Warrant Liability        
Beginning balance as of January 1, 2022   $ 90  
Change in fair value of warrant liability     (43 )
Ending balance as of June 30, 2022   $ 47