| Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis |
The
following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis as of
March 31, 2024 and December 31, 2023 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine
such fair value.
Schedule
of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
| | |
| | |
Quoted Prices in Active Markets | | |
Significant Other Observable Inputs | | |
Significant Other Unobservable Inputs | |
| | |
Level | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| | |
| | |
| | |
| | |
| |
| March 31, 2024 | |
| | | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | | |
| | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Warrant Liabilities- Private Warrants | |
| 3 | | |
| — | | |
| — | | |
$ | 13,680 | |
| | |
| | | |
| | | |
| | | |
| | |
| December 31, 2023 | |
| | | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | | |
| | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Warrant Liabilities- Private Warrants | |
| 3 | | |
| — | | |
| — | | |
| 1,881 | |
|
The
following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis as of
September 30, 2024 and December 31, 2023 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine
such fair value.
Schedule
of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
| | |
| | |
Quoted Prices in Active Markets | | |
Significant Other Observable Inputs | | |
Significant Other Unobservable Inputs | |
| | |
Level | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| | |
| | |
| | |
| | |
| |
| September 30, 2024 | |
| | | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | | |
| | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Warrant Liabilities- Private Warrants | |
| 3 | | |
| — | | |
| — | | |
$ | 14,250 | |
| | |
| | | |
| | | |
| | | |
| | |
| December 31, 2023 | |
| | | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | | |
| | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Warrant Liabilities- Private Warrants | |
| 3 | | |
| — | | |
| — | | |
| 1,881 | |
|
The
following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis as of
December 31, 2023 and December 31, 2022 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine
such fair value.
Schedule
of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
| | |
| | |
Quoted Prices
in Active Markets | | |
Significant
Other Observable Inputs | | |
Significant
Other Unobservable Inputs | |
| | |
Level | | |
(Level
1) | | |
(Level
2) | | |
(Level
3) | |
| | |
| | |
| | |
| | |
| |
| December 31, 2023 | |
| | | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | | |
| | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Warrant Liabilities- Private Warrants | |
| 3 | | |
| — | | |
| — | | |
$ | 1,881 | |
| | |
| | | |
| | | |
| | | |
| | |
| December 31, 2022 | |
| | | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | | |
| | |
| Assets: | |
| | | |
| | | |
| | | |
| | |
| Money market funds invested in U.S. Treasury
Securities | |
| 1 | | |
$ | 118,408,969 | | |
| — | | |
| — | |
| | |
| | | |
| | | |
| | | |
| | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Warrant Liabilities- Private Warrants | |
| 3 | | |
| — | | |
| — | | |
| 6,270 | |
|
| Schedule of Estimated Fair value of Warrant Liabilities |
Schedule
of Estimated Fair value of Warrant Liabilities
| | |
As of March 31, 2024 | | |
As of December 31, 2023 | |
| Exercise price | |
$ | 5.75 | | |
$ | 5.75 | |
| Market price of public stock | |
$ | 5.47 | | |
$ | 5.42 | |
| Term (years) | |
| 2.13 | | |
| 0.95 | |
| Volatility | |
| Immaterial | | |
| immaterial | |
| Risk-free rate | |
| 4.51 | % | |
| 4.99 | % |
| Dividend yield | |
| 0.0 | % | |
| 0.0 | % |
|
Schedule
of Estimated Fair value of Warrant Liabilities
| | |
As of September 30, 2024 | | |
As of December 31, 2023 | |
| Exercise price | |
$ | 5.75 | | |
$ | 5.75 | |
| Market price of public stock | |
$ | 5.67 | | |
$ | 5.42 | |
| Term (years) | |
| 1.71 | | |
| 0.95 | |
| Volatility | |
| immaterial | | |
| immaterial | |
| Risk-free rate | |
| 3.72 | % | |
| 4.99 | % |
| Dividend yield | |
| 0.0 | % | |
| 0.0 | % |
|
Schedule
of Estimated Fair value of Warrant Liabilities
| | |
As
of
December
31, 2023 | | |
As
of
December
31, 2022 | |
| Exercise price | |
$ | 5.75 | | |
$ | 5.75 | |
| Market price of public stock | |
$ | 5.42 | | |
$ | 5.10 | |
| Term (years) | |
| 0.95 | | |
| 0.8 | |
| Volatility | |
| immaterial | % | |
| 6.9 | % |
| Risk-free rate | |
| 4.99 | % | |
| 4.69 | % |
| Dividend yield | |
| 0.0 | % | |
| 0.0 | % |
|
| Schedule of Changes in Fair Value of Warrant Liabilities |
The
following table presents the changes in the fair value of warrant liabilities for the three months ended March 31, 2024 and 2023:
Schedule
of Changes in Fair Value of Warrant Liabilities
| | |
Private Placement
Warrants | |
| Fair value as of January 1, 2024 | |
$ | 1,881 | |
| Change in valuation inputs or other assumptions | |
| 11,799 | |
| Fair value as of March 31, 2024 | |
$ | 13,680 | |
| | |
Private Placement
Warrants | |
| Fair value as of January 1, 2023 | |
$ | 6,270 | |
| Change in valuation inputs or other assumptions | |
| (570 | ) |
| Fair value as of March 31, 2023 | |
$ | 5,700 | |
|
The
following table presents the changes in the fair value of warrant liabilities for the three and nine months ended September 30, 2024
and 2023:
Schedule
of Changes in Fair Value of Warrant Liabilities
| | |
Private Placement
Warrants | |
| Fair value as of January 1, 2024 | |
$ | 1,881 | |
| Change in valuation inputs or other assumptions | |
| 11,799 | |
| Fair value as of March 31, 2024 | |
$ | 13,680 | |
| Change in valuation inputs or other assumptions | |
| 14,820 | |
| Fair value as of June 30, 2024 | |
$ | 28,500 | |
| Change in valuation inputs or other assumptions | |
| (14,250 | ) |
| Fair value as of September 30, 2024 | |
$ | 14,250 | |
| | |
Private Placement Warrants | |
| Fair value as of January 1, 2023 | |
$ | 6,270 | |
| Change in valuation inputs or other assumptions | |
| (570 | ) |
| Fair value as of March 31, 2023 | |
$ | 5,700 | |
| Change in valuation inputs or other assumptions | |
| 6,840 | |
| Fair value as of June 30, 2023 | |
$ | 12,540 | |
| Change in valuation inputs or other assumptions | |
| (1,824 | ) |
| Fair value as of September 30, 2023 | |
$ | 10,716 | |
|
The
following table presents the changes in the fair value of warrant liabilities for the three and nine months ended December 31, 2023 and
2022:
Schedule
of Changes in Fair Value of Warrant Liabilities
| | |
Private
Placement
Warrants | |
| Fair value as of January 1, 2023 | |
$ | 6,270 | |
| Change in valuation
inputs or other assumptions | |
| (4,389 | ) |
| Fair value as of December 31, 2023 | |
$ | 1,881 | |
| | |
Private
Placement
Warrants | |
| Fair value as of January 1, 2022 | |
$ | 114,570 | |
| Change in valuation
inputs or other assumptions | |
| (108,300 | ) |
| Fair value as of December 31, 2022 | |
$ | 6,270 | |
|