v3.25.1
Financial Instruments and Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value
The following table presents the Company’s financial instruments that are measured at fair value on a recurring basis:
 
    
Level 1
    
Level 2
    
Level 3
    
Total
 
December 31, 2024
           
Investment securities
   $ 11,880    $ —     $ —     $ 11,880
  
 
 
    
 
 
    
 
 
    
 
 
 
Total assets
   $ 11,880    $ —     $ —     $ 11,880
  
 
 
    
 
 
    
 
 
    
 
 
 
Derivative liability
   $ —     $ —     $ (621    $ (621
  
 
 
    
 
 
    
 
 
    
 
 
 
Total liabilities
   $ —     $ —     $ (621    $ (621
  
 
 
    
 
 
    
 
 
    
 
 
 
December 31, 2023
           
Derivative liability
   $ —     $ —     $ (119    $ (119
  
 
 
    
 
 
    
 
 
    
 
 
 
   $ —     $ —     $ (119    $ (119
  
 
 
    
 
 
    
 
 
    
 
 
 
Fair Value Measurement Inputs and Valuation Techniques
The following table summarizes the valuation techniques and key inputs used in the fair value measurement of level 3 financial instruments:
 
Financial asset/financial
liability
  
Valuation techniques
  
Significant unobservable
inputs
  
Relationship of unobservable
inputs to fair value
Derivative liability    Market approach    Conversion Period    Increase or decrease in conversion period will result in an increase or decrease in fair value.