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Debt (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2023

Dec. 31, 2022

Debt

Schedule of warrant liabilities that are carried at fair value, the initial fair values recorded as debt discount at the time of issuance and amortized as additional interest expense

Warrants outstanding at September 30, 2023, and December 31, 2022, are as follows:

​

​	​	​	​	​
​		September 30,		December 31,
​	​	2023	​	2022
Public Warrants	​	8,333,272	​	—
Private Placement Warrants		5,933,333		—
Series B-3 Warrants		—		15,819,000
Total warrants		14,266,605		15,819,000

Warrants to purchase convertible preferred stock at September 30, 2023, and December 31, 2022, are as follows:

​

​	​	​	​	​
​		September 30,		December 31,
Series	​	2023	​	2022
Series A-5 preferred stock, $17.81 exercise price	​	—	​	4,213
Series A-6 preferred stock, $20.23 exercise price		—		5,190
Series B preferred stock, $0.41 exercise price		—		36,707
Series B-3 preferred stock, $2.03 exercise price		—		2,824,974
Total warrants		—		2,871,084

​

The following table summarizes activity in warrants to purchase preferred stock in the nine months ended September 30, 2023. There was no activity in the nine months ended September 30, 2022.

​

​	​	​	​	​	​	​	​	​	​	​
​		Balance at		​		​		Retirements /		Balance at
Series	​	December 31, 2022	​	Exercises	​	Issuances	​	Conversions	​	September 30, 2023
Series A-5	​	4,213	​	—	​	—	​	(4,213)	​	—
Series A-6		5,190		—		—		(5,190)		—
Series B		36,707		(11,123)		—		(25,584)		—
Series B-3		2,824,974		(4,771,642)		2,595,777		(649,109)		—

​

​	​	​	​	​	​	​	​	​	​	​
Issue Date		Equity Class		Quantity		Exercise Price			Initial Fair Value
08‑26‑2015		Series A‑5 Preferred Stock		3,370	​	$	17.81	​	$	54
10‑27‑2016		Series A‑5 Preferred Stock		842	​	$	17.81	​	$	10
06‑30‑2017		Series A‑6 Preferred Stock		4,449	​	$	20.23	​	$	102
11‑20‑2018		Series A‑6 Preferred Stock		741	​	$	20.23	​	$	12

​

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- References

No definition available.

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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

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