Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables provide a summary of the Company’s assets and liabilities that are measured at fair value on a recurring basis (in thousands):

	December 31, 2024
	Fair Value		Level 1		Level 2		Level 3
Assets:
Investment in equity securities	$	7,530	$	7,530	$	—	$	—
Bitcoin	1,394		1,394		—		—
Total	$	8,924	$	8,924	$	—	$	—
Liabilities:
Warrant liabilities	$	31	$	—	$	—	$	31

	December 31, 2023
Liabilities:	Fair Value		Level 1		Level 2		Level 3
Warrant liabilities	$	205	$	—	$	—	$	205

Fair Value Measurement Inputs and Valuation Techniques

The fair value of the warrant liabilities was measured using a Black Scholes valuation model with the following assumptions:

	December 31, 2024			December 31, 2023
Common share price	$	0.94		$	3.47
Expected volatility	125.0		%	120.0		%
Risk-free interest rate	4.2		%	4.2		%

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

The following table presents the activities of warrant liabilities that are measured at fair value (in thousands):

Warrant liability as of January 1, 2023	$	864
Issuance of LDA warrant	976
Change in fair value MEOA warrant	(864)
Noncash exercise of LDA warrant	(411)
Change in fair value LDA warrant	(112)
Retired LDA warrant	(248)
Warrant liability as of December 31, 2023	205
Change in fair value LDA warrant	(174)
Warrant liability as of December 31, 2024	$	31