Short-Term Investments

3 Months Ended

Mar. 31, 2023

Short-Term Investments [Abstract]

Short-term investments

Note 6. Short-term investments

The following table presents the Company’s short-term investments as of March 31, 2023, and December 31, 2022 ($ in thousands):

	March 31, 2023		December 31, 2022
Investment in Vicinity Motor Corp.		13		13
Total		13		13

There was no change in the fair value of the short-term investments for the three months ended March 31, 2023.

The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:

	March 31, 2023			December 31, 2022
Option term (in years)		1.6			1.8
Volatility		76.90	%		76.90	%
Risk-free interest rate		4.47	%		4.47	%
Expected dividends		0.00	%		0.00	%
Stock price	$	0.96		$	0.96