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Financial Instruments Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis

The fair value hierarchy table for the reporting date noted is as follows:

Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis

		Fair Value Measurement on a Recurring Basis at Reporting Date Using1
		Level-1 Inputs				Level-2 Inputs				Level-3 Inputs				Total
December 31, 2023
March 2023 Senior Convertible Note		$	—			$	—			$	13,950			$	13,950
Totals		$	—			$	—			$	13,950			$	13,950

¹ There were no transfers between the respective Levels during the year ended December 31, 2023.

Schedule of Fair Value Assumption Used

The estimated fair value of the March 2023 Senior Convertible Note as of each of March 21, 2023 (date of issuance) and December 31, 2023 were computed using a Monte Carlo simulation of the present value of its cash flows using a synthetic credit rating analysis and a required rate-of-return, using the following assumptions:

Schedule of Fair Value Assumption Used

		March 2023 Senior Convertible Note: March 21, 2023				March 2023 Senior Convertible Note: December 31, 2023
Fair Value		$	11,900			$	13,950
Face value principal payable		$	11,111			$	11,019
Required rate of return			11.00	%			10.00	%
Conversion Price		$	5.00			$	5.00
Value of common stock		$	1.54			$	1.41
Expected term (years)			2.00				1.22
Volatility			75.00	%			60.00	%
Risk free rate			4.09	%			4.56	%
Dividend yield			—	%			—	%

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- References

No definition available.

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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/2003/role/disclosureRef
-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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-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

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