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

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024 and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):

    

Balance as of March 31, 2025

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

 

  

 

  

 

  

 

  

Cash equivalents

$

10,085

$

$

$

10,085

Liabilities:

 

 

  

 

  

 

Warrant liability

$

$

$

91

$

91

    

Balance as of December 31, 2024

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

 

  

 

  

 

  

 

  

Cash equivalents

$

1,353

$

$

$

1,353

Liabilities:

 

  

 

  

 

  

 

  

Warrant liability

$

$

$

358

$

358

Schedule of estimated fair value of the warrant liability

    

As of March 31, 

    

As of March 31, 

2025

2024

Share price

$

0.27

$

2.03

Exercise price

$

0.29

$

1.66

Term (in years)

3.99

5.00

Volatility

 

100

%  

85

%  

Risk-free rate

3.9

%  

4.2

%  

Dividend yield

0

%  

0

%  

Schedule of changes in fair value of liability

    

For the three months ended March 31, 

(in thousands)

    

2025

    

2024

Beginning value

$

358

$

620

Change in value of warrant liability

 

(267)

 

82

Ending value

$

91

$

702