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v3.23.1

Debt and Warrants Transactions (Tables) | 3 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Summary of Assumptions Utilized | The assumptions utilized during the quarter are as follows:
| Convertible Notes Derivative |  |  |
| March 31, 2023 |  |  |
Common stock market price | $ | 1.16 |  |  |  |
Risk-free interest rate | 4.68 | % |  |  |
Expected dividend yield | — |  |  |  |
Expected term (in years) | 0.75 |  |  |  |
Expected volatility | 84.34 | % |  |  |
Below are the specific assumptions utilized:
|  |  | Warrants |  |  |  | Additional Warrants
|  |  | March 31, 2023 |  |  |  | March 31, 2023
Common stock market price |  |  | $ | 1.16 |  |  |  |  | $ | 1.16 |
Risk-free interest rate |  |  | 3.82 | % |  |  |  | 3.82 | %
Expected dividend yield |  |  | — |  |  |  |  | — |
Expected term (in years) |  |  | 4.37 |  |  |  |  | 4.87 |
Expected volatility |  |  | 68.94 | % |  |  |  | 67.85 | %
Balance of the Notes | The current balance of the Notes as of March 31, 2023 is as follows (unaudited, in thousands):
| Current |  |  |  |
Gross Balance as of March 31, 2023 | $ | 13,500 |  |  |  |  |
Unamortized Discount | (3,658) |  |  |  |  |
Unamortized Issuance Costs | (218) |  |  |  |  |
Net Balance as of March 31, 2023 | $ | 9,624 |  |  |  |  |

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- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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