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Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Schedule of Fair Value Inputs
Key assumptions for the Black-Scholes model used to determine the fair value of warrants outstanding as of March 31, 2023 were as follows:
Warrant term (years)3.37
Volatility93.00 %
Risk-free rate3.74 %
Dividend yield0.00 %
The significant inputs into the Black-Scholes valuation model at February 23, 2023 (the initial recognition date) is as follows:
Warrant term (years)5.51
Volatility85.00 %
Risk-free rate4.03 %
Dividend yield0.00 %