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Warrants and Options (Tables) | 12 Months Ended
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Dec. 31, 2024
Warrants and Rights Note Disclosure [Abstract] |
Summary of Warrants Issued to Purchase Common Stock | The Company issued the following warrants to purchase shares of its common stock, which are outstanding as of December 31, 2024 and 2023, respectively. These warrants are exercisable any time at the option of the holder until their expiration date.
|  | Issuance Date |  | Term |  | Exercise Price Per Share |  |  | Exercised during the Year Ended December 31, 2023 |  |  | Outstanding at December 31, 2023 |  |  | Exercised during the Year Ended December 31, 2024 |  |  | Outstanding at December 31, 2024 |
March 2023 Pre-Funded Warrants |  | Mar-23 |  | perpetual |  | $ — |  |  |  | (425,834 | ) |  |  | 75,000 |  |  |  | (75,000 | ) |  | — |
December 2022 Service and Performance Warrants (1) |  | Dec-22 |  | 5 years |  | $ | 11.20 |  |  | — |  |  |  | 1,000 |  |  | — |  |  |  | 1,000 |
October 2022 Service and Performance Warrants (1) |  | Oct-22 |  | 5 years |  | $ | 16.00 |  |  | — |  |  |  | 1,000 |  |  | — |  |  |  | 1,000 |
August 2022 Pre-Funded Warrants |  | Aug-22 |  | perpetual |  | $ — |  |  |  | (56,813 | ) |  | — |  |  | — |  |  | — |
January 2021 Placement Agent Warrants |  | Jan-21 |  | 5.5 years |  | $ | 159.60 |  |  | — |  |  |  | 9,846 |  |  | — |  |  |  | 9,846 |
December 2020 Warrants (2) |  | Dec-20 |  | 5.5 years |  | $ | 9.0 0 |  |  | — |  |  |  | 16,367 |  |  | — |  |  |  | 16,367 |
December 2020 Warrants |  | Dec-20 |  | 5.5 years |  | $ | 120.00 |  |  | — |  |  |  | 49,100 |  |  | — |  |  |  | 49,100 |
December 2020 Placement Agent Warrants |  | Dec-20 |  | 5 years |  | $ | 152.80 |  |  | — |  |  |  | 3,274 |  |  | — |  |  |  | 3,274 |
July 2020 Warrants (2) |  | Jul-20 |  | 5.5 years |  | $ | 9.00 |  |  | — |  |  |  | 16,036 |  |  | — |  |  |  | 16,036 |
July 2020 Placement Agent Warrants |  | Jul-20 |  | 5.5 years |  | $ | 198.80 |  |  | — |  |  |  | 802 |  |  | — |  |  |  | 802 |
May 2020 Warrants (2) |  | May-20 |  | 5 years |  | $ | 9.00 |  |  | — |  |  |  | 9,946 |  |  | — |  |  |  | 9,946 |
May 2020 Warrants |  | May-20 |  | 5 years |  | $ | 191.20 |  |  | — |  |  |  | 24,863 |  |  | — |  |  |  | 24,863 |
May 2020 Placement Agent Warrants |  | May-20 |  | 5 years |  | $ | 245.20 |  |  | — |  |  |  | 1,741 |  |  | — |  |  |  | 1,741 |
September 2019 Placement Agent Warrants (3) |  | Sep-19 |  | 5 years |  | $ | 379.20 |  |  | — |  |  |  | 1,649 |  |  | — |  |  | — |
June 2019 Placement Agent Warrants (3) |  | Jun-19 |  | 5 years |  | $ | 251.60 |  |  | — |  |  |  | 1,862 |  |  | — |  |  | — |
April 2019 Service and Performance Warrants (1)(3) |  | Apr-19 |  | 5 years |  | $ | 247.20 |  |  | — |  |  |  | 3,629 |  |  | — |  |  | — |
January 2021 Warrants (2) |  | Jan-21 |  | 5.5 years |  | $ | 9.00 |  |  | — |  |  |  | 7,831 |  |  | — |  |  |  | 7,831 |
January 2021 Warrants |  | Jan-21 |  | 5.5 years |  | $ | 125.20 |  |  | — |  |  |  | 90,629 |  |  | — |  |  |  | 90,629 |
September 2019 Warrants (2) |  | Sep-19 |  | 5.5 years |  | $ | 9.00 |  |  | — |  |  |  | 9,892 |  |  | — |  |  |  | 9,892 |
September 2019 Warrants |  | Sep-19 |  | 5.5 years |  | $ | 300.80 |  |  | — |  |  |  | 6,594 |  |  | — |  |  |  | 6,594 |
June 2019 Warrants |  | Jun-19 |  | 5.5 years |  | $ | 200.00 |  |  | — |  |  |  | 10,896 |  |  | — |  |  |  | 10,896 |
Total |  |  |  |  |  |  |  |  |  | (482,647 | ) |  |  | 341,957 |  |  |  | (75,000 | ) |  |  | 259,817 |
(1) The Company issued service and performance warrants (“Service and Performance Warrants”) in connection with professional services agreements with non-affiliated third party entities. (2) These warrants were repriced as part of the March 2023 Private Placement offering. (3) These warrants expired during the year ended December 31, 2024.
Summary of Key Terms and Activity of Liability Classified Preferred Investment Options | The key terms and activity of the liability classified preferred investment options are summarized as follows:
|  | Issuance Date |  | Term |  | Exercise Price Per Share |  |  | Exercised during the Year Ended December 31, 2023 |  |  | Outstanding at December 31, 2023 |  |  | Exercised during the Year Ended December 31, 2024 |  |  | Outstanding at December 31, 2024 |
March 2023 Options - Series A |  | March 2023 |  | 5 years |  | $ | 9.00 |  |  |  | — |  |  |  | 666,334 |  |  |  | — |  |  |  | 666,334 |
March 2023 Options - Series B |  | March 2023 |  | 1.5 years |  | $ | 9.00 |  |  |  | — |  |  |  | 666,334 |  |  |  | — |  |  |  | — |
March 2023 Placement Agent Options |  | March 2023 |  | 5 years |  | $ | 11.25 |  |  |  | — |  |  |  | 33,317 |  |  |  | — |  |  |  | 33,317 |
August 2022 Options (1) |  | August 2022 |  | 5 years |  | $ | 9.00 |  |  |  | — |  |  |  | 118,063 |  |  |  | — |  |  |  | 118,063 |
August 2022 Placement Agent Options |  | August 2022 |  | 5 years |  | $ | 52.80 |  |  |  | — |  |  |  | 5,904 |  |  |  | — |  |  |  | 5,904 |
Total |  |  |  |  |  |  |  |  |  | — |  |  |  | 1,489,952 |  |  |  | — |  |  |  | 823,618 |

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- Definition Schedule of key terms and activity of preferred investment options. + References No definition available. + Details
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- 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 + Details
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