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Shareholders' (Deficit) Equity (Tables)
6 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Schedule of summarizes the outstanding warrants

The following table summarizes the Company’s outstanding warrants as of June 30, 2024 and December 31, 2023:

 

 

 

Number of Warrant ADSs

 

 

 

 

 

 

 

 

 

June 30,

 

 

December 31,

 

 

Weighted-Average

 

 

 

 

 

 

2024

 

 

2023

 

 

Exercise Price

 

 

Expiration Date

 

Equity-classified Warrants

 

 

 

 

 

 

 

 

 

 

 

 

2019 Investor Warrants

 

 

59,211

 

 

 

59,211

 

 

$

60.00

 

 

7/1/2024

 

2019 Placement Warrants

 

 

-

 

 

 

8,881

 

 

$

57.00

 

 

6/28/2024

 

2020 Investor Warrants

 

 

139,882

 

 

 

139,882

 

 

$

44.00

 

 

Feb-Mar 2025

 

2020 Placement Warrants

 

 

22,481

 

 

 

22,481

 

 

$

51.00

 

 

Feb-Mar 2025

 

July 2021 Placement Agent Warrants

 

 

19,919

 

 

 

19,919

 

 

$

46.40

 

 

7/7/2026

 

December 2021 Investor Warrants

 

 

107,775

 

 

 

107,775

 

 

$

33.00

 

 

1/4/2027

 

December 2021 Placement Agent
   Warrants

 

 

8,622

 

 

 

8,622

 

 

$

35.00

 

 

12/29/2026

 

March 2022 Investor Warrants

 

 

186,020

 

 

 

186,020

 

 

$

28.00

 

 

3/10/2027

 

March 2022 Placement Agent Warrants

 

 

14,882

 

 

 

14,882

 

 

$

30.00

 

 

3/10/2027

 

October 2023 Investor Prefunded
   Warrants

 

 

48,387

 

 

 

48,387

 

 

$

0.20

 

 

 

 

October 2023 Placement Agent Warrants

 

 

42,550

 

 

 

42,550

 

 

$

4.13

 

 

10/6/2028

 

March 2024 Placement Agent Warrants

 

 

132,061

 

 

 

 

 

$

1.85

 

 

3/27/2029

 

May 2024 Investor Warrants

 

 

4,029,754

 

 

 

 

 

$

1.77

 

 

May-Jun 2027

 

May 2024 Placement Agent Warrants

 

 

322,380

 

 

 

 

 

$

1.89

 

 

5/31/2029

 

 

 

5,133,924

 

 

 

658,610

 

 

 

 

 

 

 

Liability-classified Warrants

 

 

 

 

 

 

 

 

 

 

 

 

September 2022 Series A Investor
   Warrants

 

 

755,000

 

 

 

755,000

 

 

$

17.00

 

 

9/14/2024

 

September 2022 Series B Investor
   Warrants

 

 

755,000

 

 

 

755,000

 

 

$

17.00

 

 

9/14/2029

 

 

 

1,510,000

 

 

 

1,510,000

 

 

 

 

 

 

 

Total outstanding

 

 

6,643,924

 

 

 

2,168,610

 

 

 

 

 

 

 

 

 

The following table summarizes the Company’s warrants activity for the six months ended June 30, 2024:

 

 

 

Number of

 

 

Weighted-Average

 

($ in thousands, except per share data)

 

Warrants

 

 

Exercise Price

 

Outstanding at December 31, 2023

 

 

2,168,610

 

 

$

21.97

 

Issued

 

 

4,484,195

 

 

 

1.78

 

Exercised

 

 

 

 

 

 

Expired

 

 

(8,881

)

 

 

57.00

 

Outstanding at June 30, 2024

 

 

6,643,924

 

 

$

8.30