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Warrants (Tables) | 3 Months Ended
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Mar. 31, 2024
Warrants and Rights Note Disclosure [Abstract] |
Summary of Warrants Outstanding for Purchase of Common Stock | The Company has the following warrants outstanding for the purchase of common stock as of March 31, 2024 and December 31, 2023:
WARRANTS |  | SHARES OF COMMON STOCK SUBJECT TO WARRANTS |  |  | EXERCISE PRICE PER SHARE |  |  | EXPIRATION DATES
Series B Warrants |  |  | 3,672,484 |  |  | $ | 6.81 |  |  | November 2025
Conditional Series B Warrants |  |  | 3,672,484 |  |  | $ | 6.81 |  |  | November 2025
NC Ohio Trust |  |  | 162,740 |  |  | $ | 1.46 |  |  | March 2029

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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 + Details
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