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Fair Value Measurements (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Fair Value Measurements    
Schedule of financial instruments measured at fair value by level within the fair value hierarchy

The following table sets forth the Company’s financial instruments measured at fair value by level within the fair value hierarchy as of September 30, 2023 and December 31, 2022 (in thousands):

    

Level 1

    

Level 2

    

Level 3

September 30, 2023

Assets:

Cash and cash equivalents

$

2,873

$

$

Total assets at fair value 

$

2,873

$

$

Liabilities:

Warrant Liability

$

$

$

5,566

Total assets at fair value 

$

$

$

5,566

    

Level 1

    

Level 2

    

Level 3

December 31, 2022

Assets:

Cash and cash equivalents

$

5,246

$

$

Total assets at fair value 

$

5,246

$

$

Liabilities:

Warrant Liability

$

$

$

5,934

Total assets at fair value 

$

$

$

5,934

    

Level 1

    

Level 2

    

Level 3

December 31, 2022

Assets:

Cash and cash equivalents

$

5,246

$

$

Total assets at fair value 

$

5,246

$

$

Liabilities:

Warrant Liability

$

$

$

5,934

Total assets at fair value 

$

$

$

5,934

    

Level 1

    

Level 2

    

Level 3 (Restated)

December 31, 2021

Assets:

Cash and cash equivalents

$

19,143

$

$

Total assets at fair value 

$

19,143

$

$

Liabilities:

Warrant Liability (Restated)

$

$

$

5,356

Total assets at fair value 

$

$

$

5,356

Schedule of rollforward of the fair value of Level 3 warrants

Beginning balance at December 31, 2022

    

$

5,934

Warrants issued

10,615

Change in fair value

 

(10,983)

Ending Balance September 30, 2023

$

5,566

Beginning balance at December 31, 2020

    

$

Warrants issued

9,183

Change in fair value

 

(3,827)

Ending balance at December 31, 2021 (Restated)

 

5,356

Warrants issued

26,098

Change in fair value

 

(25,520)

Ending balance at December 31, 2022

$

5,934