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Warrants (Tables)

12 Months Ended

Dec. 31, 2023

Warrants [Abstract]

Schedule of Fair Value of the Outstanding Warrants

The fair value of the outstanding warrants was calculated using the Black-Scholes model with the following assumptions:

		As of December 31, 2023				As of December 31, 2022
Market price per share (USD/share)		$	1.26			$	1.31
Exercise price (USD/share)			17.60				17.60
Risk free rate			4.16	%			4.18	%
Dividend yield			0	%			0	%
Expected term/Contractual life (years)			2.32				3.32
Expected volatility			105.55	%			96.90	%

Schedule of Warrants Liability

The following is a reconciliation of the beginning and ending balances of warrants liability measured at fair value on a recurring basis using Level 3 inputs (in thousands):

Beginning balance, January 1, 2022		$	1,091
Fair value change of the issued warrants included in earnings			(1,063	)
Ending balance, December 31, 2022		$	28

Beginning balance, January 1, 2023		$	28
Fair value change of the issued warrants included in earnings			(11	)
Ending balance, December 31, 2023		$	17

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
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