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WARRANTS (Tables)

3 Months Ended

Mar. 31, 2024

WARRANTS [Abstract]

Warrants Outstanding

As of March 31, 2024, the Company has the following warrants outstanding:

		Warrants Outstanding (in thousands)				Exercise Price			Expiration Date		Classification
Q1-22 warrants			343			$	38.20		September 9, 2027		Liability
Q4-22 warrants			4,370			$	1.43		June 2, 2028		Equity
July 2023 note warrants			6,094			$	1.43		July 14, 2028		Equity
December 2023 note warrant issued December 15, 2023			8,115			$	1.43		December 15, 2028		Equity
December 2023 note warrant issued January 11, 2024			1,464			$	1.43		January 11, 2029		Equity
			20,386

X

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-1

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- References

No definition available.

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