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Fair Value Measurements (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 | Dec. 31, 2023
Fair Value Disclosures [Abstract] |  |
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | As of September 30, 2024, the following financial assets and liabilities were measured at fair value on a recurring basis presented on the Company’s condensed consolidated balance sheet: Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
|  | Fair Value Measurements Using |  |  |  |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 2,473,197 |  |  |  | - |  |  |  | - |  |  | $ | 2,473,197 |
Total assets measured at fair value |  | $ | 2,473,197 |  |  |  | - |  |  |  | - |  |  | $ | 2,473,197 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  | $ | - |  |  | $ | 1,027,102 |  |  |  | - |  |  | $ | 1,027,102 |
Total liabilities measured at fair value |  | $ | - |  |  | $ | 1,027,102 |  |  |  | - |  |  | $ | 1,027,102 |
SHARPS TECHNOLOGY, INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 Note 14. Fair Value Measurements (continued) As of December 31, 2023, the following financial assets and liabilities were measured at fair value on a recurring basis presented on the Company’s condensed consolidated balance sheet:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
|  | Fair Value Measurements Using |  |  |  |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 3,012,908 |  |  |  | - |  |  |  | - |  |  | $ | 3,012,908 |
Total assets measured at fair value |  | $ | 3,012,908 |  |  |  | - |  |  |  | - |  |  | $ | 3,012,908 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  | $ | - |  |  | $ | 2,422,785 |  |  |  | — |  |  | $ | 2,422,785 |
Total liabilities measured at fair value |  | $ | - |  |  | $ | 2,422,785 |  |  |  | - |  |  | $ | 2,422,785 |
| As of December 31, 2023, the following financial assets and liabilities were measured at fair value on a recurring basis presented on the Company’s consolidated balance sheet: Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
|  | Fair Value Measurements Using |  |  |  |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 3,012,908 |  |  |  | - |  |  |  | - |  |  | $ | 3,012,908 |
Total assets measured at fair value |  | $ | 3,012,908 |  |  |  | - |  |  |  | - |  |  | $ | 3,012,908 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  | $ | - |  |  |  | 2,422,785 |  |  |  | - |  |  | $ | 2,422,785 |
Total liabilities measured at fair value |  | $ | - |  |  |  | 2,422,785 |  |  |  | - |  |  | $ | 2,422,785 |
As of December 31, 2022, the following financial assets and liabilities were measured at fair value on a recurring basis presented on the Company’s consolidated balance sheet:
|  | Fair Value Measurements Using |  |  |  |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 4,170,897 |  |  |  | - |  |  |  | - |  |  | $ | 4,170,897 |
|  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |
Total assets measured at fair value |  | $ | 4,170,897 |  |  |  | - |  |  |  |  |  |  | $ | 4,170,897 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  | $ | 1,151,838 |  |  |  | - |  |  |  | - |  |  | $ | 1,151,838 |
Total liabilities measured at fair value |  | $ | 1,151,838 |  |  |  | - |  |  |  | - |  |  | $ | 1,151,838 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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