v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Measurements  
Schedule of fair value on a recurring basis

As of

June 30, 2025

Fair Value

Level 1

Level 2

Level 3

Total

Derivative liability - BTI Warrants

$

2,573

$

$

1,596

$

977

$

2,573

Derivative liability - OnkosXcel Warrants

38

38

38

Total derivative liabilities

$

2,611

$

$

1,596

$

1,015

$

2,611

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

Six months ended

June 30, 

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

(1,856)

(345)

Derivative liabilities, Balance - June 30

$

1,015

$

1,560

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

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 and assignees

March 2025 Accompanying Warrants

3/4/2025

$

4.20

4,000

Derivative Liability

Total warrants issued

5,479