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Fair Value Measurement (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables present the Company’s fair value hierarchy for its financial instruments that are measured at fair value on a recurring basis.
|  | March 31, 2025 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 10,016 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,016 |
|  | $ | 10,016 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,016 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Long-term liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Credit Agreement Warrants |  | $ | — |  |  | $ | 7,790 |  |  | $ | — |  |  | $ | 7,790 |
Securities Purchase Agreement Warrants |  |  |  |  |  | 1,264 |  |  |  |  |  |  | 1,264 |
Contingent earnout liability |  |  | — |  |  |  | — |  |  |  | 417 |  |  |  | 417 |
|  | $ | — |  |  | $ | 9,054 |  |  | $ | 417 |  |  | $ | 9,471 |
|  | December 31, 2024 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 3,157 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,157 |
|  | $ | 3,157 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,157 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Long-term liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Credit Agreement Warrants |  | $ | — |  |  | $ | 13,641 |  |  | $ | — |  |  | $ | 13,641 |
Contingent earnout liability |  |  | — |  |  |  | — |  |  |  | 1,455 |  |  |  | 1,455 |
|  | $ | — |  |  | $ | 13,641 |  |  | $ | 1,455 |  |  | $ | 15,096 |
Summary of Change in Fair Value of Level 3 Financial Instruments | The following table presents a summary of the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis:
|  | Contingent Earnout Liability |  |
Fair value as of December 31, 2024 |  | $ | 1,455 |  |
Change in fair value of contingent earnout liability |  |  | (1,038 | ) |
Fair value as of March 31, 2025 |  | $ | 417 |  |
Schedule of Cash and Cash Equivalents | The following tables summarize the Company’s cash and cash equivalents by significant category:
|  | March 31, 2025 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 25,915 |  |  | $ | — |  |  | $ | — |  |  | $ | 25,915 |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  |  | 10,016 |  |  |  | — |  |  |  | — |  |  |  | 10,016 |
|  | $ | 35,931 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,931 |
|  | December 31, 2024 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 16,049 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,049 |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  |  | 3,157 |  |  |  | — |  |  |  | — |  |  |  | 3,157 |
|  | $ | 19,206 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,206 |
Contingent Earnout Liability |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
Schedule of Quantitative Information Contingent Earnout Liability | The table below quantifies the significant inputs used for the contingent earnout liability:
|  | March 31, |  |  |  | December 31, |
|  | 2025 |  |  |  | 2024 |
Fair value of the Company’s Class A common stock |  | $ | 8.09 |  |  |  | $ | 14.07 |
Risk-free interest rate |  |  | 3.98 | % |  |  |  | 4.22 | %
Expected volatility factor |  |  | 108.0 | % |  |  |  | 96.0 | %
Earnout expiration date |  | August 16, 2026 |  |  |  | August 16, 2026 |
Credit Agreement Warrants |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
Schedule of Quantitative Information Contingent Earnout Liability | The table below quantifies the significant inputs used for the Credit Agreement Warrants:
|  | March 31, |  |  |  | December 31, |
|  | 2025 |  |  |  | 2024 |
Fair value of the Company’s Class A common stock | $ |  | 8.09 |  |  | $ |  | 14.07 |
Exercise price | $ | 5.44 - 16.08 |  |  | $ | 5.44 - 16.08 |
Risk-free interest rate |  |  | 4.09 | % |  |  |  | 4.48 | %
Expected volatility factor |  |  | 108.0 | % |  |  |  | 96.0 | %
Expected dividend yield |  |  | — | % |  |  |  | — | %
Remaining contractual term (in years) |  | 7.2 - 8.5 |  |  |  | 7.4 - 8.7 |

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- 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 Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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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://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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