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Short-Term Investments (Tables)
12 Months Ended
Dec. 31, 2023
Short-Term Investments [Abstract]  
Schedule of Short-Term Investments The following table presents the Company’s short-term investments as of December 31, 2023 and 2022 ($ in thousands):
   December 31,
2023
   December 31,
2022
 
Investment in Vicinity Motor Corp.   
     -
    13 
Total   
-
    13 
Schedule of Change in the Fair Value of the Short-Term Investments The change in the fair value of the short-term investments for the year ended December 31, 2023, is summarized as follows: ($ in thousands):
Beginning balance  $13 
Change in fair value of short-term investment   (13)
Ending balance  $
-
 

 

Schedule of Quantitative Information Regarding Level 3 Fair Value Measurements Inputs The following table provides quantitative information regarding Level 3 fair value measurement inputs at their measurement dates:
   December 31,
2023
   December 31,
2022
 
Option term (in years)         0.8    1.8 
Volatility   67.2%   76.90%
Risk-free interest rate   5.43%   4.47%
Expected dividends   0.00%   0.00%
Stock price  $
-
   $0.96