v3.25.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Measurements  
Schedule of fair value on a recurring basis

As of

March 31, 2025

Fair Value

Level 1

Level 2

Level 3

Total

Derivative liability - BTI Warrants

$

3,236

$

$

1,834

$

1,402

$

3,236

Derivative liability - OnkosXcel Warrants

38

38

38

Total derivative liabilities

$

3,274

$

$

1,834

$

1,440

$

3,274

As of

December 31, 2024

Fair Value

Level 1

Level 2

Level 3

Total

Derivative liability - BTI Warrants

$

6,593

$

$

6,593

$

$

6,593

Derivative liability - OnkosXcel Warrants

40

40

40

Total derivative liabilities

$

6,633

$

$

6,593

$

40

$

6,633

Schedule of changes in Level 3 liabilities

Three months ended

March 31, 

2025

2024

Derivative liabilities, Balance - January 1

$

40

$

1,905

Addition of derivative liabilities - BTI Warrant (March 2025 Accompanying Warrants)

2,831

Addition of derivative liabilities - Option Warrant

369

Termination of derivative liabilities - Option Warrant

(369)

Change in fair value

(1,431)

(88)

Derivative liabilities, Balance - March 31

$

1,440

$

1,817

Schedule of warrants outstanding

Warrant Recipient

Warrant Type

Issue Date

Exercise Price

Number of Warrants

Classification

Lenders and RIFA Purchasers

Closing Date Warrants

4/19/2022

$

7.68

17

Equity

Lenders and RIFA Purchasers

2023 Warrants

12/5/2023

$

7.68

4

Equity

Lenders and RIFA Purchasers

2024 Warrants

3/20/2024

$

7.68

6

Equity

Lenders and RIFA Purchasers

New Warrants

11/25/2024

$

0.16

313

Equity

Armistice Capital Master Fund Ltd.

Accompanying Warrants

3/25/2024

$

9.136

534

Derivative Liability

Armistice Capital Master Fund Ltd.

Accompanying Warrants

3/25/2024

$

51.20

5

Derivative Liability

Armistice Capital Master Fund Ltd.

November 2024 Accompanying Warrants

11/25/2024

$

7.68

846

Derivative Liability

Heights Capital Management

November 2024 Accompanying Warrants

11/25/2024

$

7.68

27

Derivative Liability

Hudson Bay Capital Management

November 2024 Accompanying Warrants

11/25/2024

$

7.68

27

Derivative Liability

IntraCoastal Capital, LLC

November 2024 Accompanying Warrants

11/25/2024

$

7.68

13

Derivative Liability

Murchison Capital Partners, LP

March 2025 Accompanying Warrants

3/4/2025

$

4.20

4,000

Derivative Liability

Total warrants issued

5,792