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Derivative Liabilities (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Liabilities [Abstract]

Schedule of Fair Value of the Derivative Series A Warrants and the Additional Warrants Liability

The following table presents changes in the fair value of the derivative Series A Warrants and the Additional Warrants liability during the period (in thousands)

		Series A Warrants				Additional Warrants				Total
Balance as of December 31, 2023			-				1,375				1,375
Issuance on January 29, 2024			4,301				-				4,301
Change in fair value			1,183				(453	)			730
Balance as of June 30, 2024			5,484				922				6,406

Schedule of Fair Value of the Additional Warrants

The following table lists the significant unobservable inputs used for calculation of fair value of the Additional Warrants:

		June 30, 2024				December 31, 2023
Expected volatility			121.91	%			101.39	%
Exercise price		$	14.14				14.14
Share price		$	0.30				3.05
Risk-free interest rate			4.47	%			3.93	%
Dividend yield			-				-
Expected life			3.41				3.91
Weighted average cost of capital (WACC)			20.7	%			20.4	%

The following table lists the significant unobservable inputs used for calculation of fair value of Series A Warrants:

		June 30, 2024
Expected volatility			125.6	%
Exercise price		$	0.68
Share price		$	0.30
Risk-free interest rate			4.33	%
Dividend yield			-
Expected life			5.08

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- References

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- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes 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 liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 2
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-Topic 820
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