XML 33 R24.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Stockholders' (Deficit) Equity (Tables)
6 Months Ended
Jun. 30, 2024
Stockholders' (Deficit) Equity  
Schedule of changes in common stock warrant liabilities

The following is a roll-forward of the Common Stock Warrant Liability from December 31, 2023 to June 30, 2024:

Warrant liability at December 31, 2023

    

13,680,000

Exercise of 60,000 warrants – January 2, 2024

 

(684,000)

Change in fair value of warrant liabilities

 

(6,698,692)

Warrant liability at March 31, 2024

 

6,297,308

Change in fair value of warrant liabilities

(4,062,308)

Warrant liability at June 30, 2024

 

2,235,000

Schedule of common stock warrants outstanding

As of June 30, 2024, the Company had the following common stock warrants outstanding:

    

    

Outstanding

    

    

    

    

Outstanding

    

Exercise

    

December 31,

Exercised or

June 30,

price per

Expiration

Classification

2023

Granted

Expired

2024

share

date

IPO Warrants

 

Equity

 

2,400

 

 

 

2,400

$

7.50

January 29, 2026

Canaccord Warrants

 

Liability

 

1,200,000

 

 

(60,000)

 

1,140,000

$

9.00

November 2, 2028

Summary of changes in derivative liability

The following is a roll-forward of the ELOC derivative liability from date of execution to June 30, 2024:

Fair value at April 25, 2024

    

1,697,500

Settlements and changes in fair value of ELOC derivative liability

 

(1,192,500)

Fair value at June 30, 2024

 

505,000