Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 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 December 31, 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   $
               -
    $
                 -
    $ 13,134     $ 13,134  
Total liabilities at fair value   $
-
    $
-
    $ 13,134     $ 13,134  
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 warrant liability classified in Level 3. Gains and losses reported in this table include changes in fair value that are attributable to unobservable inputs (in thousands).
   

Year Ended
December 31,
2023

 
Fair value, January 1, 2023   $
-
 
Issuance of warrants (March 3, 2023)     2,831  
Change in fair value of warrants     10,303  
Fair value, December 31, 2023   $ 13,134