XML 43 R34.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Stockholder's Equity (Tables)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Summary of Common Stock Reserved for Issuance
As of March 31, 2024 and 2023, the Company reserved for issuance the following shares of common stock related to the potential exercise of employee stock options, unvested restricted stock, convertible preferred stock, pre-funded warrants and all other warrants (collectively, "common stock equivalents"):
As of March 31,
Common stock and common stock equivalents:20242023
Common stock29,556,474 12,552,673 
Common stock issuable upon exercise of pre-funded warrants— 5,911,000 
Common stock and pre-funded stock warrants29,556,474 18,463,673 
Options to Purchase Common Stock1,876,031 1,194,202 
Unvested Restricted Stock Awards891 891 
Unvested Restricted Stock Units441,218 125,000 
Convertible Preferred Stock1,363,636 1,363,636 
Warrants to Purchase Common Stock3,984,484 10,196,268 
Total37,222,734 31,343,670 
Summary of Assumptions Used In Calculating Fair Value of Warrant
The fair value of the warrant at the issuance date was calculated using the Black-Scholes pricing model and include the following assumptions:

Stock price per share$1.86
Expected stock price volatility85.00%
Risk-free interest rate3.93%
Term (years)5.0
Dividend yield—%