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Debt and Equity Financings (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Debt Instrument [Line Items] |
Schedule of Interest Expense | Schedule of Interest Expense
|  | 2024 |  |  | 2023 |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |
Interest |  | $ | 1,399 |  |  | $ | 291 |
Debt issuance costs |  |  | 1,372 |  |  |  | 303 |
Total interest expense |  | $ | 2,771 |  |  | $ | 594 |
Schedule of Based on Relative Fair Value Allocation of Proceeds and Costs | The Company determined that there were no embedded derivatives within the Convertible Notes that required bifurcation from the host agreement. The Company allocated the gross proceeds received, the fees incurred, and as applicable, the impact of repricing the warrants discussed above, over the July 2023 Convertible Notes and July 2023 Warrants and over the December 2023 Convertible Notes and December 2023 Warrants, as applicable, based on their relative fair values as follows (in thousands): Schedule of Based on Relative Fair Value Allocation of Proceeds and Costs
|  |  |  |  |  |  |  | Allocation of Proceeds and Costs: |  |  | Allocation of |
|  | Relative Fair Value |  |  | Allocation Percentage |  |  | Proceeds |  |  | Costs |  |  | Proceeds, Net |
July 2023 Convertible Notes |  | $ | 8,715 |  |  |  | 39.94 | % |  | $ | 3,481 |  |  | $ | (80 | ) | (766) | $ | 3,401 |
July 2023 Warrants |  |  | 13,103 |  |  |  | 60.06 | % |  |  | 5,234 |  |  |  | (121 | ) |  |  | 5,113 |
|  | $ | 21,818 |  |  |  | 100.00 | % |  | $ | 8,715 |  |  | $ | (201 | ) |  | $ | 8,514 |
|  |  |  |  |  |  |  | Allocation of Proceeds and Costs: |  |  | Allocation of |
December 2023 Closing |  | Relative Fair Value |  |  | Allocation Percentage |  |  | Proceeds |  |  | Costs |  |  | Warrant Repricing |  |  | Proceeds, Net |
December 2023 Convertible Notes |  | $ | 9,059 |  |  |  | 48.83 | % |  | $ | 3,803 |  |  | $ | (81 | ) |  | $ | (766 | ) |  | $ | 2,956 |
December 2023 Warrants |  |  | 9,495 |  |  |  | 51.17 | % |  |  | 3,985 |  |  |  | (85 | ) |  |  | (802 | ) |  |  | 3,098 |
|  | $ | 18,554 |  |  |  | 100.00 | % |  | $ | 7,788 |  |  | $ | (166 | ) |  | $ | (1,568 | ) |  | $ | 6,054 |
|  |  |  |  |  |  |  | Allocation of Proceeds and Costs: |  |  | Allocation of |
January 2024 Closing |  | Relative Fair Value |  |  | Allocation Percentage |  |  | Proceeds |  |  | Costs |  |  | Proceeds, Net |
December 2023 Convertible Notes |  | $ | 1,750 |  |  |  | 46.24 | % |  | $ | 650 |  |  | $ | (31 | ) |  | $ | 619 |
December 2023 Warrants |  |  | 2,035 |  |  |  | 53.76 | % |  |  | 755 |  |  |  | (35 | ) |  |  | 720 |
|  | $ | 3,785 |  |  |  | 100.00 | % |  | $ | 1,405 |  |  | $ | (66 | ) |  | $ | 1,339 |
Schedule of Fair Value Assumptions | The Company estimated the fair values of the Convertible Notes as of July 14, 2023, December 15, 2023 and January 11, 2024 based off a valuation performed by a third-party specialist using a binomial tree model and the following assumptions: Schedule of Fair Value Assumptions
|  | Date |  | Stock Price |  |  | Credit Spread |  |  | Volatility |  |  | Risk-Free Rate |
July 2023 Convertible Notes |  | 7/14/2023 |  | $ | 2.81 |  |  |  | 2,500 |  |  |  | 108 | % |  |  | 4.60 | %
December 2023 Convertible Notes |  | 12/15/2023 |  | $ | 1.51 |  |  |  | 2,000 |  |  |  | 109 | % |  |  | 3.90 | %
December 2023 Convertible Notes |  | 1/11/2024 |  | $ | 1.75 |  |  |  | 2,000 |  |  |  | 109 | % |  |  | 3.90 | %
The fair value of the Note Warrants, all of which qualified for equity classification, was determined using the Black-Scholes pricing model as of each of July 14, 2023, December 15, 2023 and January 11, 2024 using the following assumptions:
|  | Date |  | Stock Price |  |  | Exercise Price |  |  | Expected Life |  | Volatility |  |  | Dividend |  |  | Risk-Free Rate |
July 2023 warrants |  | 7/14/2023 |  | $ | 2.81 |  |  | $ | 2.61 |  |  | 5 years |  |  | 98 | % |  |  | 0.00 | % |  |  | 4.04 | %
December 2023 warrants |  | 12/15/2023 |  | $ | 1.51 |  |  | $ | 1.43 |  |  | 5 years |  |  | 101 | % |  |  | 0.00 | % |  |  | 3.91 | %
December 2023 warrants |  | 1/11/2024 |  | $ | 1.75 |  |  | $ | 1.43 |  |  | 5 years |  |  | 102 | % |  |  | 0.00 | % |  |  | 3.90 | %
Bridge Debt [Member] |
Debt Instrument [Line Items] |
Schedule of Interest Expense | Schedule of Interest Expense
|  | Year ended December 31, |
|  | 2024 |
Interest |  | $ | 45 |
Debt issuance costs |  |  | 3,887 |
Total interest expense |  | $ | 3,932 |

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