XML 47 R36.htm IDEA: XBRL DOCUMENT v3.23.3
Warrants (Tables)
9 Months Ended
Sep. 30, 2023
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Outstanding Warrants to Purchase the Company's Common Stock The fair value was estimated to be $0.4942 per warrant as of September 30, 2023 and the significant inputs used in the estimation of the fair value were as follows:
September 30, 2023
(unaudited)
Risk-free interest rate4.61%
Expected term in years6.75
Expected volatility85.0%
As of September 30, 2023 and December 31, 2022, the outstanding warrants to purchase the Company’s common stock consisted of the following:
Exercise PriceExpiration DateSeptember 30,
2023
December 31,
2022
(unaudited)
Warrants issued in 2015$5.25 1/30/253,808 3,808 
Warrants issued with 2018 Convertible Notes$0.10 6/7/28346,689 346,689 
Warrants issued with 2018 Term Loan$16.67 7/31/2826,998 26,998 
Warrants issued with 2019 Credit Agreement$16.67 5/20/29419,992 419,992 
Warrants issued with 2022 Credit Agreement$1.11 6/30/303,779,018 3,779,018 
Total Warrants4,576,505 4,576,505