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Share-based Compensation (Tables)

6 Months Ended

12 Months Ended

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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- References

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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

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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

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