Debt and Warrants Transactions (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Summary of Assumptions Utilized

Below are specific assumptions utilized:

Convertible Notes Derivative	Common stock market price		Risk-free interest rate		Expected dividend yield	Expected term (in years)	Expected volatility
March 31, 2023 for April 1, 2023 Installment date	$	1.16	4.68	%	—	0.75	84.34	%
May 1, 2023 for May 1, 2023 Installment date	$	1.22	4.68	%	—	0.67	81.57	%
May 31, 2023 for June 1, 2023 Installment date	$	1.21	4.91	%	—	0.59	86.20	%
June 30, 2023 for July 1, 2023 Installment date	$	1.11	5.42	%	—	0.50	90.68	%
July 31, 2023 for August 1, 2023 Installment date	$	1.14	5.53	%	—	0.42	59.89	%
August 31, 2023 for September 1, 2023 Installment date	$	1.71	5.54	%	—	0.33	69.85	%
September 30, 2023 for October 1, 2023 Installment date	$	1.21	5.56	%	—	0.25	78.21	%

Below are the specific assumptions utilized:

Warrants	September 30, 2023
Common stock market price	$	1.21
Risk-free interest rate	4.49		%
Expected dividend yield	—
Expected term (in years)	3.87
Expected volatility	66.05		%

Additional Warrants	September 30, 2023
Common stock market price	$	1.21
Risk-free interest rate	4.49		%
Expected dividend yield	—
Expected term (in years)	4.37
Expected volatility	69.23		%

Balance of the Notes

The current balance of the Notes as of September 30, 2023 is as follows (unaudited, in thousands):

	Current
Gross Balance as of September 30, 2023	$	4,051
Unamortized Discount	(562)
Unamortized Issuance Costs	(33)
Net Balance as of September 30, 2023	$	3,456