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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements for Assets and Liabilities

The following tables summarize the fair values and levels within the fair value hierarchy in which the fair value measurements fall for assets and liabilities measured on a recurring basis as of:

September 30, 2024

			Description						Level 1						Level 2						Level 3						Total
			Liabilities
			Common stock warrants						$	—					$	—					$	457					$	457
			Total						$	—					$	—					$	457					$	457

December 31, 2023

			Description						Level 1						Level 2						Level 3						Total
			Liabilities
			Common stock warrants						$	—					$	—					$	35,453					$	35,453
			Total						$	—					$	—					$	35,453					$	35,453

Schedule of Changes in Level 3 Instruments Measured on a Recurring Basis

The following table presents the changes in Level 3 instruments measured on a recurring basis for the period ended September 30, 2024:

Balance at December 31, 2023						$	35,453
Changes in fair value of warrants						(28,155)
Balance at March 31, 2024						$	7,298
Changes in fair value of warrants						(4,372)
Balance at June 30, 2024						$	2,926
Changes in fair value of warrants						(2,469)
Balance at September 30, 2024						$	457

Schedule of Fair Value of Warrants Using Black Scholes Option Pricing Model

At September 30, 2024 and December 31, 2023, the Company estimated the fair value of the warrants using the Black-Scholes option pricing model with the following assumptions:

			September 30, 2024			December 31, 2023
Underlying common stock value			$	0.54		$	27.60
Expected term (years)			3.54			4.29
Expected volatility			156		%	99		%
Risk free interest rate			4		%	4		%
Dividend yield			—		%	—		%

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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