XML 194 R46.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Fair Value Measurements (Q2) (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 | Dec. 31, 2023
Fair Value Disclosures [Abstract] |  |
Schedule of Fair Value Liabilities Measured on Recurring Basis | The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at June 30, 2024 and December 31, 2023, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value (in thousands):
| ​ | ​ | Level | ​ | ​ | June 30, 2024 | ​ | ​ | December 31, 2023
Liabilities: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Warrant liability – Public Warrants | ​ | ​ | 1 | ​ | ​ | $625 | ​ | ​ | $375
Warrant liability – Private Placement Warrants | ​ | ​ | 3 | ​ | ​ | 350 | ​ | ​ | 210
Total warrant liability | ​ | ​ |  | ​ | ​ | $975 | ​ | ​ | $585
| The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at December 31, 2023 and 2022, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value (in thousands):
| ​ | ​ | Level | ​ | ​ | December 31, 2023 | ​ | ​ | December 31, 2022
Liabilities: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Warrant liability – Public Warrants | ​ | ​ | 1 | ​ | ​ | $375 | ​ | ​ | $1,250
Warrant liability – Private Placement Warrants | ​ | ​ | 3 | ​ | ​ | 210 | ​ | ​ | 840
Total warrant liability | ​ | ​ |  | ​ | ​ | $585 | ​ | ​ | $2,090
Schedule of Derivative Liabilities at Fair Value | The following tables summarize the changes in the fair value of the warrant liabilities (in thousands):
| ​ | ​ | Three Months Ended June 30, 2024 | ​ | ​ | Six Months Ended June 30, 2024
| ​ | ​ | Public Warrants | ​ | ​ | Private Placement Warrants | ​ | ​ | Warrant Liabilities | ​ | ​ | Public Warrants | ​ | ​ | Warrant Liabilities | ​ | ​ | Private Warrants
Fair value, beginning of period | ​ | ​ | $875 | ​ | ​ | $560 | ​ | ​ | $1,435 | ​ | ​ | $375 | ​ | ​ | $210 | ​ | ​ | $585
Change in valuation inputs or other assumptions | ​ | ​ | (250) | ​ | ​ | (210) | ​ | ​ | (460) | ​ | ​ | 250 | ​ | ​ | 140 | ​ | ​ | 390
Fair value, end of period | ​ | ​ | $625 | ​ | ​ | $350 | ​ | ​ | $975 | ​ | ​ | $625 | ​ | ​ | $350 | ​ | ​ | $975
| ​ | ​ | Three Months Ended June 30, 2023 | ​ | ​ | Six Months Ended June 30, 2023
| ​ | ​ | Public Warrants | ​ | ​ | Private Placement Warrants | ​ | ​ | Warrant Liabilities | ​ | ​ | Public Warrants | ​ | ​ | Warrant Liabilities | ​ | ​ | Private Warrants
Fair value, beginning of period | ​ | ​ | $875 | ​ | ​ | $490 | ​ | ​ | $1,365 | ​ | ​ | $1,250 | ​ | ​ | $840 | ​ | ​ | 2,090
Change in valuation inputs or other assumptions | ​ | ​ | 625 | ​ | ​ | 420 | ​ | ​ | 1,045 | ​ | ​ | 250 | ​ | ​ | 70 | ​ | ​ | 320
Fair value, end of period | ​ | ​ | $1,500 | ​ | ​ | $910 | ​ | ​ | $2,410 | ​ | ​ | $1,500 | ​ | ​ | $910 | ​ | ​ | $2,410
| The following tables summarize the changes in the fair value of the warrant liabilities (in thousands):
| ​ | ​ | Year Ended December 31, 2023
| ​ | ​ | Public Warrants | ​ | ​ | Private Placement Warrants | ​ | ​ | Warrant Liabilities
Fair value, beginning of period | ​ | ​ | $1,250 | ​ | ​ | $840 | ​ | ​ | $2,090
Change in valuation inputs or other assumptions | ​ | ​ | (875) | ​ | ​ | (630) | ​ | ​ | (1,505)
Fair value, end of period | ​ | ​ | $375 | ​ | ​ | $210 | ​ | ​ | $585
| ​ | ​ | Year Ended December 31, 2022
| ​ | ​ | Public Warrants | ​ | ​ | Private Placement Warrants | ​ | ​ | Warrant Liabilities
Fair value, beginning of period | ​ | ​ | $16,750 | ​ | ​ | $10,710 | ​ | ​ | $27,460
Change in valuation inputs or other assumptions | ​ | ​ | (15,500) | ​ | ​ | (9,870) | ​ | ​ | (25,370)
Fair value, end of period | ​ | ​ | $1,250 | ​ | ​ | $840 | ​ | ​ | $2,090
Schedule of Fair Value Measurement Inputs and Valuation Techniques | The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:
| ​ | ​ | June 30, 2024 | ​ | ​ | December 31, 2023
Exercise price | ​ | ​ | $11.50 | ​ | ​ | $11.50
Stock price | ​ | ​ | $1.04 | ​ | ​ | $0.72
Volatility | ​ | ​ | 93.0% | ​ | ​ | 87.5%
Term (years) | ​ | ​ | 1.96 | ​ | ​ | 2.46
Risk-free interest rate | ​ | ​ | 4.72% | ​ | ​ | 4.13%
| The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:
| ​ | ​ | December 31, 2023 | ​ | ​ | December 31, 2022
Exercise price | ​ | ​ | $11.50 | ​ | ​ | $11.50
Stock price | ​ | ​ | $0.72 | ​ | ​ | $1.01
Volatility | ​ | ​ | 87.5% | ​ | ​ | 82.3%
Term (years) | ​ | ​ | 2.46 | ​ | ​ | 3.46
Risk-free interest rate | ​ | ​ | 4.13% | ​ | ​ | 4.17%

X
- 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
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration