Quarterly report pursuant to Section 13 or 15(d)

Private Warrants - Schedule of Fair Value Valuation of Private Warrants (Details)

v3.21.2
Private Warrants - Schedule of Fair Value Valuation of Private Warrants (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Input [1]     0.400
Measurement Input, Exercise Price [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Output 15.14 15.14 13.81
Measurement Input, Share Price [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Input 25.05 25.05 23.51
Measurement Input, Expected Dividend Rate [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Input [2] 0 0 0
Warrants and Rights Outstanding, Measurement Input [2]   0  
Measurement Input, Price Volatility [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Input [1] 0.40 0.40  
Warrants and Rights Outstanding, Measurement Input [1] 0.40 0.40  
Measurement Input, Risk Free Interest Rate [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Input 0.0076 [3] 0.0076 [3] 0.0036
Warrants and Rights Outstanding, Measurement Input [3] 0.0076    
Measurement Input, Expected Term [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Term [4] 4 years 6 months 4 years 6 months 4 years 11 months 26 days
Warrants and Rights Outstanding, Measurement Input [2] 0    
Maximum [Member] | Measurement Input, Exercise Price [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Input 27.82 33.65  
Maximum [Member] | Measurement Input, Share Price [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Input 38.33 44.26  
Maximum [Member] | Measurement Input, Risk Free Interest Rate [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Input [3]   0.0085  
Maximum [Member] | Measurement Input, Expected Term [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Term [4] 4 years 8 months 23 days 4 years 11 months 26 days  
Minimum [Member] | Measurement Input, Exercise Price [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Input 8.53 8.53  
Minimum [Member] | Measurement Input, Share Price [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Input 17.45 17.45  
Minimum [Member] | Measurement Input, Risk Free Interest Rate [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Measurement Input [3]   0.0076  
Minimum [Member] | Measurement Input, Expected Term [Member]      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Warrants and Rights Outstanding, Term [4] 4 years 6 months 4 years 6 months  
[1]

We estimated expected volatilities using stock data for select peer public companies over a timeframe similar to the expected term. We selected peer companies using our judgment and as such, expected volatility is a Level 3 input.

[2]

We have not paid and do not currently anticipate paying a cash dividend on our common stock.

[3]

We estimated risk-free rates based on the expected terms using the U.S. Treasury yield curve in effect as of the valuation dates.

[4] The expected warrant terms are equal to the remaining contractual life of the Private Warrants at each measurement date.