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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2024
FAIR VALUE MEASUREMENTS  
Summary of activity within Level 3 of the fair value hierarchy, our liabilities carried at fair value

(in thousands)

Warrant Liability

Balance at January 1,2024

$

1,372

Total change in the liability included in earnings

 

(672)

Reclass from liability to equity

(700)

Balance at September 30, 2024

$

Summary of fair value of the preferred and common warrants determined by using option pricing models assumptions

May-24

December 31

2024

  

2023

Expected term (years)

 

4.05

4.46

Risk-free interest rate

 

4.55%

3.81%

Expected volatility

 

50.0%

50.0%

Expected dividend yield

 

0.0%

0.0%

Summary of financial assets and liabilities that have been measured at fair value and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value

Quoted Prices

Significant Other

Significant

in Active

Observable

Unobservable

Markets

Inputs

Inputs

December 31, 

(Level 1)

(Level 2)

(Level 3)

2023

Description

Liabilities:

Warrant liability

$

$

$

1,372

$

1,372

Total liabilities

$

$

$

1,372

$

1,372