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Fair Value (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of Assets Subject to Measurement at Fair Value on Recurring Basis | During the period ended December 31, 2024, there were no transfers between Level 1 and Level 2, nor into or out of Level 3. The following table presents as of December 31, 2024 the Company’s assets and liabilities subject to measurement at fair value on a recurring basis (in thousands): Schedule of Assets Subject to Measurement at Fair Value on Recurring Basis
|  | Fair Value Measurements as of December 31, 2024 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 192 |  |  | $ | - |  |  | $ | - |  |  | $ | 192 |
Total Assets |  | $ | 192 |  |  | $ | - |  |  | $ | - |  |  | $ | 192 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Convertible notes payable at fair value |  | $ | - |  |  | $ | - |  |  | $ | 5,856 |  |  | $ | 5,856 |
Liability Classified Warrants |  |  | - |  |  |  | 0 |  |  |  | 138 |  |  |  | 138 |
Total Liabilities |  | $ | - |  |  | $ | - |  |  | $ | 5,994 |  |  | $ | 5,994 |
The following table presents as of December 31, 2023 the Company’s liabilities subject to measurement at fair value on a recurring basis (in thousands):
|  | Fair Value Measurements as of December 31, 2023 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liability Classified Warrants |  | $ | - |  |  | $ | 142 |  |  | $ | - |  |  | $ | 142 |
Total Liabilities |  | $ | - |  |  | $ | 142 |  |  | $ | - |  |  | $ | 142 |
Schedule of Additional Information About the Financial Liabilities Subject To Measurement at Fair Value | The following table presents additional information about the Convertible Notes Payable subject to measurement at fair value on a recurring basis and warrant liabilities, for which the Company used significant unobservable inputs (Level 3) (in thousands): Schedule of Additional Information About the Financial Liabilities Subject To Measurement at Fair Value
|  | Convertible Notes Payable |  |  | Liability Classified Warrants |
Balance as of December 31, 2023 |  | $ | - |  |  | $ | - |
Fair value at Issuance |  |  | 7,899 |  |  |  | 229 |
Conversion of convertible note |  |  | (92 | ) |  |  | - |
Change in fair value |  |  | (1,951 | ) |  |  | (91 | )
Balance as of December 31, 2024 |  | $ | 5,856 |  |  | $ | 138 |
Schedule of Fair Value of Assumptions | Schedule of Fair Value of Assumptions
|  | October 31, 2024 |  |  | November 22, 2024 |  |  | December 31, 2024 |
Stock Price |  | $ | 9.10 |  |  | $ | 10.40 |  |  | $ | 6.90 |
Term (years) |  |  | 0.8 |  |  |  | 0.7 |  |  |  | 0.6 |
Corporate bond yield |  |  | 9.1 | % |  |  | 8.7 | % |  |  | 11.4 | %
Credit Spread |  |  | 15.9 | % |  |  | 15.9 | % |  |  | 15.9 | %
Probability of default |  |  | 40 | % |  |  | 40 | % |  |  | 40 | %
Recovery upon default |  |  | 20 | % |  |  | 20 | % |  |  | 20 | %
Volatility |  |  | 103.2 | % |  |  | 96.5 | % |  |  | 123.7 | %
Fair Value, Inputs, Level 3 [Member] |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of Fair Value of Assumptions | The measurement of the A.G.P. 2024 Warrants is classified as Level 3 due to the use of an option-pricing model that utilizes unobservable inputs and requires significant judgement. The Company estimated the fair value of the warrants issued as the issuance date, October 29, 2024, and as of December 31, 2024, using a Black-Scholes option-pricing model utilizing the following assumptions: Schedule of Fair Value of Assumptions
|  | October 29, 2024 |  |  | December 31, 2024 |
Closing stock price |  | $ | 10.48 |  |  | $ | 6.90 |
Contractual exercise price |  | $ | 10 |  |  | $ | 10.00 |
Risk-free rate |  |  | 4.11 | % |  |  | 4.38 | %
Estimated volatility |  |  | 98.4 | % |  |  | 98.6 | %
Time period to expiration (in years) |  |  | 5.2 |  |  |  | 5.0 |
AGP Convertible Note [Member] |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of Fair Value of Assumptions | The following table outlines the range of significant unobservable inputs used in calculating the fair value of the A.G.P. Convertible Note as of the dates noted below: Schedule of Fair Value of Assumptions
|  | November 25, 2024 |  |  | December 31, 2024 |
Stock Price |  | $ | 9.10 |  |  | $ | 6.90 |
Term (years) |  |  | 1 |  |  |  | 0.9 |
Corporate bond yield |  |  | 8.8 | % |  |  | 9.0 | %
Credit Spread |  |  | 26.2 | % |  |  | 26.2 | %
Probability of Default |  |  | 40 | % |  |  | 40 | %
Recovery upon default |  |  | 0 | % |  |  | 0 | %
Volatility |  |  | 108.7 | % |  |  | 101.6 | %

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of liabilities measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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