Short-Term Investments

6 Months Ended

Jun. 30, 2023

Short-Term Investments [Abstract]

Short-term investments

Note 6. Short-term investments

The following table presents the Company’s short-term investments as of June 30, 2023, and December 31, 2022 ($ in thousands):

	June 30, 2023		December 31, 2022
Investment in Vicinity Motor Corp.		13		13
Total		13		13

There was no change in the fair value of the short-term investments for the six months ended June 30, 2023.

The following table provides quantitative information regarding Level 3 fair value measurement inputs at their measurement dates:

	June 30, 2023			December 31, 2022
Option term (in years)		1.3			1.8
Volatility		76.9	%		76.90	%
Risk-free interest rate		4.47	%		4.47	%
Expected dividends		0.00	%		0.00	%
Stock price	$	0.96		$	0.96