Annual report pursuant to Section 13 and 15(d)

Warrant Liability (Tables)

v3.24.1
Warrant Liability (Tables)
12 Months Ended
Dec. 31, 2023
Short-Term Debt [Line Items]  
Schedule of Derivative Liability Transactions

 

   

December 31, 2023

   

December 31, 2022

 
    Year Ending  
   

December 31, 2023

   

December 31, 2022

 
             
Beginning balance   $ 19     $ 138  
Fair value upon issuance of warrants   5,830      
Change in fair value   (4,797 )   (119 )
Ending balance   $ 1,052     $ 19  
2023 Warrants [Member]  
Short-Term Debt [Line Items]  
Schedule of Derivative Liabilities Assumptions

The warrant liabilities for the Common Warrants and the Placement Agents Warrants were valued using a Binomial pricing model with the following weighted average assumptions:

 

  December 31, 2023     At Inception  
Stock price   $ 7.80     $ 36.00  
Risk-free interest rate     4.26 %     3.60 %
Expected volatility     115.2 %     121.5 %
Expected life (in years)     4.04.5       5.0  
Expected dividend yield     -       -  
Fair value of warrants (in thousands)   $ 1,050     $ 5,830  
2020 Warrants [Member]  
Short-Term Debt [Line Items]  
Schedule of Derivative Liabilities Assumptions

The warrant liabilities were valued using a Binomial pricing model with the following average assumptions:

 

    December 31, 2023     December 31, 2022  
Stock price   $ 7.80     $ 36.00  
Risk-free interest rate     4.54 %     4.22 %
Expected volatility     89 %     109 %
Expected life (in years)     1.6       2.6  
Expected dividend yield     -       -  
Fair value of warrants   $ 2,000     $ 19,000