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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair Value of Financial Instruments [Abstract] |
Liabilities Measured at Fair Value | The following tables summarize the liabilities that are measured at fair value as of December 31, 2023 and, 2022 (in thousands):
|  |  |  |  | As of December 31, |
Description |  | Level |  |  | 2023 |  |  | 2022 |
Liabilities: |  |  |  |  |  |  |  |  |
Warrant liabilities - Common Warrants |  |  | 3 |  |  | $ | 116 |  |  | $ | 331 |
Market Cap Contingent Consideration |  |  | 3 |  |  | $ | 107 |  |  | $ | - |
Changes in Warrant Liabilities | The following table presents the changes in the liabilities measured at fair value from January 1, 2023, or from the initial measurement date if later than January 1, 2023, through December 31, 2023 (in thousands):
|  | Warrant Liabilities |  |  | Contingent Consideration |
Fair value at January 1, 2023 |  | $ | 331 |  |  | $ | - |
Initial measurement |  |  | - |  |  |  | 225 |
Change in fair value |  |  | (215 | ) |  |  | (118 | )
Fair value at December 31, 2023 |  | $ | 116 |  |  | $ | 107 |
Fair Value and Carrying Values of Convertible Notes | The table below is provided for comparative purposes only and presents information about the fair value of the convertible notes relative to the carrying values recognized in the consolidated balance sheet as of December 31, 2023 (in thousands). The Company did not have any of the convertible notes or similar instruments outstanding as of December 31, 2022.
|  |  |  |  | December 31, 2023 |
|  | Level |  |  | Carrying Value |  |  | Fair Value |
Convertible Notes |  |  | 3 |  |  | $ | 16,616 |  |  | $ | 17,594 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2C -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
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