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Warrants
 3 Months Ended
Mar. 31, 2023
Warrants and Rights Note Disclosure [Abstract]  
Warrants WARRANTS
The Company issues common stock warrants in connection with debt or equity financings to lenders, placement agents and investors. Issued warrants are considered standalone financial instruments and the terms of each warrant are analyzed for equity or liability classification in accordance with U.S. GAAP. Warrants that are classified as liabilities usually have various features that would require net-cash settlement by the Company. Warrants that are not liabilities, derivatives and/or meet the exception criteria are classified as equity. Warrants liabilities are remeasured at fair value at each period end with changes in fair value recorded in the condensed consolidated statements of operations until expired or exercised. Warrants that are classified as equity are valued at their relative fair value on the date of issuance, recorded in additional paid in capital and not remeasured.
In the three months ended March 31, 2023 and 2022, no warrants to purchase shares of common stock were exercised.
As of March 31, 2023, outstanding warrants to purchase common stock were:
Classified asOriginal TermExercise PriceNumber of Shares Underlying Warrants
Original issue date:
April 2016Liability7 years$1.12 3,132 
3,132