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Share-based Compensation (Tables) | 6 Months Ended | 12 Months Ended
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Jun. 30, 2024 | Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |  |
Summary of Share Activity Under the Plan | Share activity under the Plan for the years ended June 30, 2024 was as follows:
|  | Number of Shares |  |  | Weighted average fair value |
Unvested, December 31, 2023 |  |  | 564,272 |  |  |  | 0.19 |
Vested |  |  | (294,114 | ) |  |  | 0.19 |
Granted/Issued |  |  | 11,892,704 |  |  |  | 0.22 |
Forfeited |  |  | (1,302 | ) |  |  | 0.19 |
Unvested, June 30, 2024 |  |  | 12,161,560 |  |  |  | 0.60 |
| Share activity under the Plan for the years ended December 31, 2023 and 2022, respectively, was as follows:
|  | Number of Shares |
Unvested, December 31, 2021 |  |  | 5,676,896 |
Vested |  |  | (2,861,623 | )
Forfeited |  |  | — |
Unvested, December 31, 2022 |  |  | 2,815,273 |
Vested |  |  | (2,113,766 | )
Forfeited |  |  | (137,235 | )
Unvested, December 31, 2023 |  |  | 564,272 |
Summary of Assumptions Used to Measure the Fair Value of the Employee Stock Options Granted | The assumptions used to measure the fair value of the employee stock options granted using Black Scholes valuation technique as of the date of issuance were as follows:
|  | April 16, 2024
Volatility Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . |  | 40.0 %
Risk-free rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . |  | 4.83% - 5.18 %
Expected dividend yield . . . . . . . . . . . . . . . . . . . . |  | 0.00 %
Expected term . . . . . . . . . . . . . . . . . . . . . . . . . . . . |  | 1.00 - 3.00 years

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- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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