XML 35 R28.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Stockholders' Equity (Deficit) (Tables)
 3 Months Ended
Mar. 31, 2024
Class Of Stock [Line Items]  
Schedule of Assumptions Used in Black-Scholes Option Pricing Model to Determine Fair Value of Common Warrants And Subsequent Closing Warrants

The following table presents the assumptions used in the Black-Scholes option pricing model to determine the fair value of Common Warrants and Subsequent Closing Warrants of March 31, 2024 and December 31, 2023 as follows:

 

 

March 31, 2024

 

 

December 31, 2023

 

Risk-free interest rate

 

4.20%

 

 

3.84% - 3.88%

 

Expected volatility

 

91.92% - 93.23%

 

 

89.08% - 94.28%

 

Expected term (years)

 

4.25- 5.75

 

 

4.5 - 6.0

 

Share price

 

$

2.06

 

 

$

1.80

 
Common Stock Warrants [Member]  
Class Of Stock [Line Items]  
Schedule of Warrant Activity

The following table shows the warrants to purchase common stock activity:

 

 

 

Roll-Forward of Warrant Activity

 

 

 

Common Stock Warrants

 

 

Pre-Funded Warrants

 

 

All Other Warrants

 

 

Total

 

Balance as of December 31, 2023

 

 

15,151,518

 

 

 

5,776,270

 

 

 

636,514

 

 

 

21,564,302

 

Issued

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Exercised

 

 

—

 

 

 

(600,000

)

 

 

—

 

 

 

(600,000

)

Cancelled/Expired

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Balance as of March 31, 2024

 

 

15,151,518

 

 

 

5,176,270

 

 

 

636,514

 

 

 

20,964,302

 
Preferred Stock Warrants [Member]  
Class Of Stock [Line Items]  
Schedule of Warrant Activity

As of March 31, 2024, there were 50,207.419 warrants exercisable into Series X1 Non-Voting Convertible Preferred Stock, which are convertible into 2,789,301 shares of common stock (after rounding for fractional shares and subject to beneficial ownership conversion limitations).

 

 

 

Roll-Forward of Series X1 Non-Voting Convertible Preferred Warrant Activity

 

 

 

Total

 

Balance as of December 31, 2023

 

 

50,207.419

 

Issued

 

 

—

 

Exercised

 

 

—

 

Cancelled/Expired

 

 

—

 

Balance as of March 31, 2024

 

 

50,207.419