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Stockholders' Equity
 9 Months Ended
Sep. 30, 2023
Temporary Equity Disclosure [Abstract]  
Stockholders' Equity Stockholders' Equity
Warrants for Common Stock
In connection with the Company's initial public offering (“IPO”) and private placement in 2021, the Company issued warrants to purchase shares of common stock.

In March 2022, the Company issued 360,000 warrants to purchase common stock with an exercise price of $10.00 per share and a term of 5.76 years as compensation for professional consulting services performed in 2021. The estimated fair value of the warrants of $0.3 million was recorded in general and administrative expense during the year ended December 31, 2021 and was also reflected as a liability on the condensed consolidated balance sheets as of December 31, 2021. The liability was reclassified into additional paid-in capital in March 2022 upon the issuance of the warrants.
At September 30, 2023, the Company had the following warrants outstanding to acquire common stock:
 
 Outstanding Exercise price Expiration dates
Issued in connection with 2021 IPO250,000$6.25October 2026
Issued in connection with 2021 private placement5,250,000$6.25June 2027
Issued in 2022 for consulting services360,000$10.00December 2027
 5,860,000