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Fair Value Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Line Items]

Summary of Common Stock Warrants Outstanding

The following table summarizes our common stock warrants outstanding at December 31, 2023 and 2022:

Issue Date		December 31, 2023				December 31, 2022				Exercise Price				Termination Date
6/10/2022			4,848,963				4,939,515			$	3.35				12/10/2027
3/6/2023			3,703,703				—			$	3.78				3/6/2026
Various 2020			551,378				551,378			$	3.99					**
12/1/2023			1,411,769				—			$	4.25				12/1/2026
8/14/2020			—				131,816			$	4.67				8/14/2023
8/25/2020			1,873,622				1,873,622			$	4.75				2/25/2024
7/19/2019			196,135				196,135			$	5.76				7/8/2024
12/1/2023			211,569				—			$	7.09				12/1/2026
11/2/2018			—				700,000			$	7.16				11/2/2023
			12,797,139				8,392,466

** A five-year term commences upon the earliest occurrence of either Trigger Date A or Trigger Date B. Trigger Date A is the date on which the Claimholder ceases the Subject Claim for any reason other than (i) a full and final arbitral award against the Claimholder or (ii) a full and final monetary settlement of the claim, see NOTE 12 Fair Value Financial Instruments – Litigation Financing. Trigger Date B is the date on which Proceeds are deposited into the Escrow Account.

Warrants [Member]

Fair Value Disclosures [Line Items]

Summary of Common Stock Warrants Outstanding

The Company’s oustanding and exercisable warrants as of December 31, 2023 are presented below:

Issue Date		Exercise Price				Total Warrants Outstanding				Exercisable Warrants Outstanding				Expiration Date
6/10/2022		$	3.35				4,848,963				4,848,963				6/10/2027
3/6/2023		$	3.78				3,703,711				3,703,711				3/6/2026
Various 2020		$	3.99				551,378				551,378				**
12/1/2023		$	4.25				1,411,769				1,411,769				12/1/2026
8/25/2020		$	4.75				1,873,622				1,873,622				2/25/2024
7/19/2019		$	5.76				196,135				196,135				7/8/2024
12/1/2023		$	7.09				211,570				211,570				12/1/2026
							12,797,148				12,797,148

** A five-year exercise period commences upon the earliest occurrence of either Trigger Date A or Trigger Date B. Trigger Date A is the date on which the Claimholder ceases the Subject Claim for any reason other than (i) a full and final arbitral award against the Claimholder or (ii) a full and final monetary settlement of the claim, see Note 12 Fair Value Financial Instruments – Litigation Financing. Trigger Date B is the date on which Proceeds are deposited into the Escrow Account.

Schedule of company's fair value inputs

The Company’s fair value imputs of the warrants as of December 31, 2023 are presented below:

Issue Date		Stock price				Exercise price				Term in years				Volitility		Treasury Yield
6/10/2022		$	4.65			$	3.35				5 years			62.8%			3.84	%
3/6/2023		$	4.65			$	3.78				3 years			63.7%			4.61	%
12/1/2023		$	4.65			$	4.25				3 years			58.3%-59.9%			4.31	%
12/1/2023		$	4.65			$	7.09				3 years			58.3%-59.9%			4.31	%

Derivative liabilities [Member]

Fair Value Disclosures [Line Items]

Schedule of company's fair value inputs

The Company’s fair value imputs of derivative liabilities as of December 31, 2023 are presented below:

Issue Date		Stock price				Exercise price				Term in years		Volitility				Treasury Yield
6/29/2023		$	4.65			$	3.70			0.75 year			59.5	%			5.0	%
6/4/2023		$	4.65			$	4.40			1 year			66.9	%			4.8	%

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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.

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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.

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