XML 50 R32.htm IDEA: XBRL DOCUMENT v3.24.1
Fair Value (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The table below presents the balances of assets and liabilities measured at fair value on a recurring basis by level within the hierarchy as (in thousands):

 

   As of December 31, 2023 
   Total   Level 1   Level 2   Level 3 
Assets:                    
Cash equivalents  $4,805   $4,805   $   $ 
Marketable investments  $7,631   $7,631   $   $ 

 

   As of December 31, 2022 
   Total   Level 1   Level 2   Level 3 
Assets:                    
Cash equivalents  $25,180   $25,180   $   $ 
Marketable investments  $7,137   $7,137   $   $ 
Schedule of Assumptions to Estimate Fair Value of Warrants

The Company utilized the following assumptions to estimate the fair value of the March 2019 Warrants:

 

   December 31,   December 31, 
   2023   2022 
Underlying price per share  $0.44   $0.31 
Exercise price per share  $8.80   $8.80 
Risk-free interest rate   5.47%   4.67%
Expected holding period   .19    1.19 
Expected volatility   80%   70%
Expected dividend yield        
Schedule of Range of Probabilities

 

Range of Probability  Probability 
Low   0.5%
Medium   1.0%
High   5.0%