XML 40 R29.htm IDEA: XBRL DOCUMENT v3.23.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2023
FAIR VALUE MEASUREMENTS  
Summary of activity within Level 3 of the fair value hierarchy, our liabilities carried at fair value

(in thousands)

Warrant Liability

Balance at January 1,2023

$

Fair value of warrant issued in Private Placement Offering

1,837

Total change in the liability included in earnings

 

(3)

Balance at June 30, 2023

$

1,834

Summary of fair value of the preferred and common warrants determined by using option pricing models assumptions

June 30, 

June 22

June 14

2023

2023

2023

Expected term (years)

 

4.96

5.00

5.00

Risk-free interest rate

 

4.05%

3.95%

3.98%

Expected volatility

 

50.0%

50.0%

50.0%

Expected dividend yield

 

0.0%

0.0%

0.0%

Underlying stock price

$0.06

$0.06

$0.06

Summary of financial assets and liabilities that have been measured at fair value and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value

Quoted Prices in

Significant Other

Significant

Active Markets

Observable Inputs

Unobservable Inputs

June 30, 

(Level 1)

(Level 2)

(Level 3)

2023

Description

Liabilities:

Warrant liability

$

$

$

1,834

$

1,834

Total liabilities

$

$

$

1,834

$

1,834