Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Derivative Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s derivative liabilities that are measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.


	As of June 30, 2023
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrants	$	750,000	$	—	$	—	$	750,000
Private Placement Warrants		—		420,000		—		420,000

Total	$	750,000	$	420,000	$	—	$	1,170,000


	As of December 31, 2022
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrants	$	666,667	$	—	$	—	$	666,667
Private Placement Warrants		—		373,333		—		373,333

Total	$	666,667	$	373,333	$	—	$	1,040,000

Schedule of Changes in Fair Value of Derivative Liabilities

The following table presents the changes in the fair value of the Company’s derivative liabilities that are measured at fair value for the three and six months ended June 30, 2023 and 2022.


	Warrants			Private Placement Warrants			Total
Liabilities:
Fair value at March 31, 2023	$	1,416,667		$	793,333		$	2,210,000
Change in fair value		(666,667	)		(373,333	)		(1,040,000	)

Fair value at June 30, 2023	$	750,000		$	420,000		$	1,170,000

Liabilities:
Fair value at December 31, 2022	$	666,667		$	373,333		$	1,040,000
Change in fair value		83,333			46,667			130,000

Fair value at June 30, 2023	$	750,000		$	420,000		$	1,170,000


	Warrants			Private Placement Warrants			Total
Liabilities:
Fair value at March 31, 2022	$	3,500,000		$	1,960,000		$	5,460,000
Change in fair value		(1,916,667	)		(1,073,333	)		(2,990,000	)

Fair value at June 30, 2022	$	1,583,333		$	886,667		$	2,470,000

Liabilities:
Fair value at December 31, 2021	$	5,833,333		$	3,266,667		$	9,100,000
Change in fair value		(4,250,000	)		(2,380,000	)		(6,630,000	)

Fair value at June 30, 2022	$	1,583,333		$	886,667		$	2,470,000

AfterNext HealthTech Acquisition Corp. 10-Q