XML 20 R9.htm IDEA: XBRL DOCUMENT v3.25.1
FAIR VALUE OF FINANCIAL INSTRUMENTS
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUE OF FINANCIAL INSTRUMENTS
The tables below present certain assets and liabilities measured at fair value categorized by the level of input used in the valuation of each asset and liability (in thousands):
 
March 31, 2025
 Level 1Level 2Level 3Total Fair Value
Long-term liability:
Warrant liability$— $7,220 $— $7,220 
 
December 31, 2024
 Level 1Level 2Level 3Total Fair Value
Long-term liability:
Warrant liability$— $5,176 $— $5,176 
Warrant liability – The warrant liability is classified within Level 2 of the fair value hierarchy because it is valued using inputs which are observable either directly or indirectly. The fair value was calculated using the Black-Scholes option pricing model using the following key inputs: volatility, risk-free rate, dividend yield and expected term.