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Derivative Liabilities (Tables)
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Stockholders' Equity Note, Warrants or Rights
Warrants to purchase shares of Common Stock outstanding at September 30, 2024 and December 31, 2023 are as follows:

Warrant NameWarrantsExercise PriceExpiration Date
Wilmington Warrant Tranche A142$83.43 3/12/2026
Wilmington Warrant Tranche B118100.12 3/12/2026
Wilmington Warrant Tranche C35166.87 3/12/2026
Schedule of Fair Value Measurement Inputs and Valuation Techniques
In measuring the warrant liability, the Company used the following inputs:
September 30, 2024
December 31, 2023
Common Stock price$8.09
$0.31 (1)
Weighted average contractual term to maturity (years)1.5 years2.2 years
Range of expected market volatility %247.25%137.71%
Range of risk free interest rate3.82%4.23%
   (1) Common stock price as of December 31, 2023 and was not restated for any subsequent stock splits.
In measuring the embedded derivative liability, the Company used the following inputs:
September 30, 2024December 31, 2023
Conversion price
$2.38 (1)
$0.16 (1) (2)
Common Stock price$8.09
$0.31 (2)
Contractual term to maturity (years)7.3 years8.0 years
Expected market volatility %155.00%100.00%
Risk-free interest rate3.70%3.90%
Traded WHLRL price, % of par594.00%240.00%
   (1) Represents the volume weighted average of the Company's closing Common Stock price for the 10 trading days
         preceding the valuation, less a discount of 45%.
   (2) Value as of December 31, 2023 and was not restated for any subsequent stock splits.
Schedule of the Changes in Fair Value of the Company's Derivative Liabilities
The following table sets forth a summary of the changes in fair value of the Company's derivative liabilities, which include both the warrant and embedded derivative liabilities (in thousands, unaudited):

Nine Months Ended September 30, 2024Year Ended December 31, 2023
Balance at the beginning of period$3,653 $7,111 
Changes in fair value - Warrants9 (495)
Changes in fair value - Convertible Notes49,765 (2,963)
Balance at end of period$53,427 $3,653