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Financial Instruments Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis

The fair value hierarchy table for the reporting date noted is as follows:

  

  

Fair Value Measurement on a Recurring Basis at

Reporting Date Using(1)

 
   Level-1 Inputs   Level-2 Inputs   Level-3 Inputs   Total 
December 31, 2022                    
Senior Secured Convertible Note - April 2022  $—   $—   $22,000   $22,000 
Senior Secured Convertible Note - September 2022  $—   $—   $11,650   $11,650 
Totals  $—   $—   $33,650   $33,650 

 

(1)As noted above, as presented in the fair value hierarchy table, Level-1 represents quoted prices in active markets for identical items, Level-2 represents significant other observable inputs, and Level-3 represents significant unobservable inputs. There were no transfers between the respective Levels during the year ended December 31, 2022.
Schedule of Fair Value Assumption Used

The estimated fair value of the April 2022 Senior Convertible Note as of each of April 4, 2022 and December 31, 2022, and the estimated fair value of the September 2022 Senior Convertible Note as of each of September 8, 2022 and December 31, 2022 were computed using a Monte Carlo simulation of the present value of its cash flows using a synthetic credit rating analysis and a required rate-of-return, using the following assumptions:

  

   April 2022 Senior Convertible Note:
April 4, 2022		   September 2022 Senior Convertible Note:
September 8, 2022		   April 2022 Senior Convertible Note:
December 31, 2022		   September 2022 Senior Convertible Note:
December 31, 2022		 
Fair Value  $30,100   $12,200   $22,000   $11,650 
Face value principal payable  $27,500   $11,250   $21,497   $11,250 
Required rate of return   7.875%   7.875%   11.55%   11.35%
Conversion Price  $5.00   $5.00   $5.00   $5.00 
Value of common stock  $1.26   $1.21   $0.48   $0.48 
Expected term (years)   2.00    2.00    0.95    1.68 
Volatility   115.00%   120.00%   165.00%   165.00%
Risk free rate   2.40%   3.42%   4.62%   4.41%
Dividend yield   —%   —%   —%   —%