Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Liabilities Measured at Fair Value on Recurring Basis

The following tables classify the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy:

	Fair value measured at June 30, 2024
(in thousands)	Fair value at June 30, 2024		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Warrant liability	$	16,864	$	-	$	-	$	16,864

	Fair value measured at December 31, 2023
(in thousands)	Fair value at December 31, 2023		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Warrant liability	$	14,447	$	-	$	-	$	14,447
Embedded conversion option	93		-		-		93
Total fair value	$	14,540	$	-	$	-	$	14,540

Schedule of Warrant Liability Activity

A summary of the warrant liability activity for the six months ended June 30, 2024, is as follows:

(in thousands, except per share data)	Warrants Outstanding	Fair Value per Share		Fair Value (in thousands)
Balance at December 31, 2023	1,221,308	$	0.01	$	14,447
Issuance	292,882	0.01		3,633
Exercised warrants	(8,600)	$	0.01	—
Gain on remeasurement of warrant liability	-			(1,216)
Balance at June 30, 2024	1,505,590	$	0.01	$	16,864