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Warrant Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Warrant Liabilities [Abstract]

Schedule of Fair Value of the Warrants

The following are the assumptions used in calculating fair value of the Warrants on the date of issuance:

Trading price of common stock on measurement date		$	0.82
Exercise price		$	1.50
Risk free interest rate			4.14	%
Warrant life in years			10.0
Expected volatility			88.62	%
Expected dividend yield			—
Probability of an event causing a warrant re-price			25.0	%

The following are the assumptions used in calculating fair value of the Warrants on September 30, 2024:

Trading price of common stock on measurement date		$	0.99
Exercise price		$	1.50
Risk free interest rate			3.71	%
Warrant life in years			9.3
Expected volatility			89.00	%
Expected dividend yield			—
Probability of an event causing a warrant re-price			25.0	%

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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

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X

- References

No definition available.

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