Long–term Debt	6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]
Long–term Debt	Note 8 – Long–term Debt As of June 30, 2024 and December 31, 2023, the Company has no long–term debt outstanding. Amended and Restated Senior Secured Convertible Debentures In connection with the Merger, the Company entered into 12% amended and restated senior secured convertible debentures due December 31, 2023 with each of Bristol Investment Fund, Ltd. (“Bristol Investment”) and Barlock 2019 Fund, LP (“Barlock”), in the principal amount of $1.0 million each. Refer to Note 15 – Related Party Transactions for a further discussion about Bristol Investment and Barlock. The Company determined that the AR Debentures contained certain features which required bifurcation and separate accounting as embedded derivatives. As such, the Company elected to initially and subsequently measure the AR Debentures in their entirety at fair value with changes in fair value recognized in earnings in accordance with ASC Topic 815, Derivatives and Hedging. As of June 30, 2023, the fair value of the AR Debentures increased to $2.7 million, representing an increase of $0.7 million from the date of the Merger, which was recognized in Loss on adjustment to fair value – AR Debentures on the condensed consolidated statements of operations for the three and six months ended June 30, 2023 and the condensed consolidated statement of cash flows for the six months ended June 30, 2023. Refer to Note 5 – Fair Value Measurements for a further discussion of the fair value of the AR Debentures. The AR Debentures were fully converted in October 2023. Small Business Administration Loan Upon the Merger, the Company assumed a loan agreement with the Small Business Administration (“SBA”). The loan accrued interest at a rate of 3.75% and was scheduled to mature in June 2050. The Company elected to fully repay the SBA loan and the accrued interest in September 2023.

Long–term Debt

6 Months Ended

Jun. 30, 2024

Note 8 – Long–term Debt

As of June 30, 2024 and December 31, 2023, the Company has no long–term debt outstanding.

Amended and Restated Senior Secured Convertible Debentures

In connection with the Merger, the Company entered into 12% amended and restated senior secured convertible debentures due December 31, 2023 with each of Bristol Investment Fund, Ltd. (“Bristol Investment”) and Barlock 2019 Fund, LP (“Barlock”), in the principal amount of $1.0 million each. Refer to Note 15 – Related Party Transactions for a further discussion about Bristol Investment and Barlock.

The Company determined that the AR Debentures contained certain features which required bifurcation and separate accounting as embedded derivatives. As such, the Company elected to initially and subsequently measure the AR Debentures in their entirety at fair value with changes in fair value recognized in earnings in accordance with ASC Topic 815, Derivatives and Hedging. As of June 30, 2023, the fair value of the AR Debentures increased to $2.7 million, representing an increase of $0.7 million from the date of the Merger, which was recognized in Loss on adjustment to fair value – AR Debentures on the condensed consolidated statements of operations for the three and six months ended June 30, 2023 and the condensed consolidated statement of cash flows for the six months ended June 30, 2023. Refer to Note 5 – Fair Value Measurements for a further discussion of the fair value of the AR Debentures.

The AR Debentures were fully converted in October 2023.

Small Business Administration Loan

Upon the Merger, the Company assumed a loan agreement with the Small Business Administration (“SBA”). The loan accrued interest at a rate of 3.75% and was scheduled to mature in June 2050. The Company elected to fully repay the SBA loan and the accrued interest in September 2023.