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Redeemable Convertible Preferred Stock and Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule Of Common Stock Reserved For Future Issuance
The Company had shares of common stock reserved for issuance as follows:
September 30, 2024December 31, 2023
Redeemable convertible preferred stock outstanding—17,245,954
Stock options outstanding3,688,7524,516,612
Restricted stock units outstanding1,148,327—
Restricted stock purchase37,192113,846
Common stock warrant4,121,0343,528,577
Remaining shares reserved for future issuances under equity incentive plans4,271,356569,736
Remaining shares reserved for future issuances under the 2024 Employee Stock Purchase Plan715,000—
Total shares13,981,66125,974,725
Fair Value Measurement Inputs and Valuation Techniques To factor in the various terms and conditions of the Walmart Warrant, including the potential adjustments if certain pricing thresholds were not met upon an initial public offering or other liquidity event (i.e., considered a market condition), the fair value was determined based on probability weighted estimated fair values determined under both a Black-Scholes option pricing valuation model (assuming no liquidity event) and a Monte Carlo simulation valuation model (assuming a potential liquidity event) with the following assumptions:
Black-Scholes Option Pricing ModelMonte Carlo Simulation
Risk-free interest rate1.64 %1.64 %
Expected dividend yield——
Expected volatility50 %
50% / 65%
Expected term (in years)10.010.0
The fair value was determined based on a Black-Scholes option pricing
valuation model with the following assumptions:
Black-Scholes Option Pricing Model
Risk-free interest rate4.61 %
Expected dividend yield—
Expected volatility65 %
Expected term (in years)7.1