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Royalties Payable (Tables)
 3 Months Ended
Mar. 31, 2024
Royalties Payable  
summary of sales-based royalties

Royalty Percentage

 

 

Until Royalty Payment Reaches a Total of

 

4%

 

$1,589,500

 

2%

 

$3,179,000

 

1%

 

In perpetuity

 
summary of roll forward of the royalty payable

 

 

2024

 

 

2023

 

Beginning Balance, January 1,

 

$6,974

 

 

$—

 

AMIGO royalty payable recognized in connection with the Merger

 

 

—

 

 

 

160

 

LockeT royalty payable recognized in connection with the Merger

 

 

—

 

 

 

7,432

 

Accretion of LockeT royalty payable

 

 

—

 

 

 

513

 

Change in fair value of royalties payable

 

 

86

 

 

 

—

 

Ending Balance, March 31,

 

$7,060

 

 

$8,105