Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2023
Summary of Significant Accounting Policies [Abstract]  
Schedule of Fair Value Hierarchy of Financial Liabilities Measured at Fair Value The following table summarizes the fair value hierarchy of financial liabilities measured at fair value as of September 30, 2023 (in thousands).
    Quoted
Prices in
Active
Markets for
Identical
Assets
    Significant
Other
Observable
Inputs
    Significant
Unobservable
Inputs
       
    (Level 1)     (Level 2)     (Level 3)     Total  
Warrant liability   $
      -
    $
       -
    $ 11,528     $ 11,528  
Total liabilities at fair value   $
-
    $
-
    $ 11,528     $ 11,528  
Schedule of Changes in Fair Value of the Derivative Liability Classified in Level 3 The following table summarizes the changes in fair value of the derivative liability classified in Level 3. Gains and losses reported in this table include changes in fair value that are attributable to unobservable inputs.
    Nine Months Ended
September 30,
2023
 
Fair value, January 1, 2023   $
-
 
Issuance of Warrants (March 3, 2023)     2,831  
Change in fair value of Warrants     8,697  
Fair value, September 30, 2023   $ 11,528