Quarterly report [Sections 13 or 15(d)]

Fair Value Measurements (Tables)

v3.25.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Carried at Fair Value

A summary of the assets and liabilities carried at fair value in accordance with the hierarchy defined above is as follows:

 

 Schedule of Assets and Liabilities Carried at Fair Value

March 31, 2025   Total     (Level 1)     (Level 2)     (Level 3)  
          Fair Value Hierarchy  
March 31, 2025   Total     (Level 1)     (Level 2)     (Level 3)  
Liabilities                                
Warrant liability     1,333       —       —       1,333  
Total   $ 1,333     $ —     $ —     $ 1,333  
Schedule of Fair Value of Warrant Liability

The table below presents a summary of changes in fair value of the Warrant liability that is measured at fair value on a recurring basis:

 

      Warrant Liability  
Balance at January 31, 2025     —  
Issuance of Warrants reported at fair value     1,627  
Change in fair value     (294 )
Balance at March 31, 2025     1,333  
Schedule of Warrant Liability

The warrant liability was valued on the date of issuance and March 31, 2025 using the following range of assumptions:

 

Expected volatility     54.0% - 56.0 %
Risk-free interest rate     3.95% - 4.39 %
Stock price on valuation date   $ 0.52 - 0.60  
Exercise price   $ 0.64  
Dividend yield     0.00 %
Expected term     4.9 - 5.0 years