XML 40 R30.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Warrants Classified as Liabilities (Tables)
 3 Months Ended
Mar. 31, 2024
Warrants Classified as Liabilities [Abstract]  
Schedule of Liability-Classified Warrants Outstanding As of March 31, 2024 and December 31, 2023, the Company had the following liability-classified warrants outstanding (amounts in thousands):
   Number of
Shares		   Exercise
Price		   Expiration
Date
Warrants issued - November 2022   92   $40.00   May 28, 2028
Warrants issued - June 2023   143   $28.00   June 2, 2028
    235         
Schedule of Fair Value of Warrants As of March 31, 2024 and December 31, 2023, the Company had the following liability-classified warrants outstanding (amounts in thousands):
   Number of
Shares		   Fair
Value		 
Balance as of December 31, 2023   235   $1,748 
Change in fair value of warrants   
—
    (1,591)
Balance as of March 31, 2024   235   $157 
Schedule of Black Scholes Model The fair value of the Purchase Warrants at March 31, 2024 was determined using the Black Scholes model with the assumptions in the following table. The table also includes the total fair value determined at the valuation date based on these assumptions.
   2022
Purchase
Warrant		   2023
Purchase
Warrant		 
Expected term based on contractual term   4.2 years     4.2 years  
Interest rate (risk-free rate)   4.22%   4.22%
Expected volatility   124%   124%
Expected dividend yield   
—
    
—
 
Fair value of warrants (in thousands)  $57   $100 

 

   2022
Purchase
Warrant		   2023
Purchase
Warrant		 
Expected term based on contractual term    4.4 years      4.4 years  
Interest rate (risk-free rate)   3.84%   3.84%
Expected volatility   116%   116%
Expected dividend yield   
—
    
—
 
Fair value of warrants (in thousands)  $653   $1,095