Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Liabilities Measured on Recurring Basis

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at December 31, 2023 and 2022, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value (in thousands):

	Level	December 31, 2023		December 31, 2022
Liabilities:
Warrant liability – Public Warrants	1	$	375	$	1,250
Warrant liability – Private Placement Warrants	3	210		840
Total warrant liability		$	585	$	2,090

Schedule of Derivative Liabilities at Fair Value

The following tables summarize the changes in the fair value of the warrant liabilities (in thousands):

	Year Ended December 31, 2023
	Public Warrants		Private Placement Warrants		Warrant Liabilities
Fair value, beginning of period	$	1,250	$	840	$	2,090
Change in valuation inputs or other assumptions	(875)		(630)		(1,505)
Fair value, end of period	$	375	$	210	$	585

	Year Ended December 31, 2022
	Public Warrants		Private Placement Warrants		Warrant Liabilities
Fair value, beginning of period	$	16,750	$	10,710	$	27,460
Change in valuation inputs or other assumptions	(15,500)		(9,870)		(25,370)
Fair value, end of period	$	1,250	$	840	$	2,090

Schedule of Fair Value Measurement Inputs and Valuation Techniques

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

	December 31, 2023			December 31, 2022
Exercise price	$	11.50		$	11.50
Stock price	$	0.72		$	1.01
Volatility	87.5		%	82.3		%
Term (years)	2.46			3.46
Risk-free interest rate	4.13		%	4.17		%