Fair Value of Financial Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Of Financial Assets And Liabilities Tables [Line Items]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values:

	Fair Value Measurements as of March 31, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Convertible note receivable	$	—	$	—	$	2,072	$	2,072
Liabilities:
Acquisition-related contingent consideration obligations	$	—	$	—	$	1,606	$	1,606
Contingent stock consideration		—		—		27		27
Short-term debt - Yorkville convertible note		—		—		2,918		2,918
Warrant liability - July 2023 Registered Direct Warrants		—		—		3,590		3,590
Warrant liability - April 2023 Registered Direct Warrants		—		—		3,598		3,598
Warrant liability - May 2022 PIPE Warrants		—		—		1,682		1,682
Warrant liability - January 2024 Bridge Loan - Tranche #2 Warrants		—		—		5,340		5,340
Warrant liability - Sponsor Warrants		—		—		307		307
Warrant liability - Public Warrants		575		—		—		575
	$	575	$	—	$	19,068	$	19,643

	Fair Value Measurements as of December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Convertible note receivable		—		—		2,072		2,072
	$	—	$	—	$	2,072	$	2,072
Liabilities:
Acquisition-related contingent consideration obligations	$	—	$	—	$	1,606	$	1,606
Contingent stock consideration		—		—		27		27
Short-term debt - Yorkville		—		—		17,223		17,223
Warrant liability - July 2023 Registered Direct Warrants		—		—		1,529		1,529
Warrant liability - April 2023 Registered Direct Warrants		—		—		1,487		1,487
Warrant liability - May 2022 PIPE Warrants		—		—		708		708
Warrant liability - Sponsor Warrants		—		—		60		60
Warrant liability - Public Warrants		575		—		—		575
	$	575	$	—	$	22,640	$	23,215

Reconciliation of Convertible Note Receivable Measured on Recurring Basis

The following table presents a reconciliation of the convertible note receivable measured on a recurring basis using Level 3 inputs for the three months ended March 31, 2024:

	Balance as of January 1, 2024		Net transfers in to (out of) Level 3		Purchases, settlements and other net		Fair value adjustments		Balance as of March 31, 2024
Assets:
Convertible note receivable	$	2,072	$	—	$	—	$	—	$	2,072

Schedule of Convertible Note Valuation Model

Significant inputs for the convertible note valuation model were as follows:

		December 31, 2023
Face value	$		4,000
Coupon rate		12% - 17%
Stock price	$		0.23
Term (years)		0.51-2.45
Risk-free interest rate			5.47	%
Volatility		n/a

Schedule of Reconciliation of Contingent Consideration Obligations Measured on a Recurring Basis

The following table presents a reconciliation of contingent consideration obligations measured on a recurring basis using Level 3 inputs for the three months ended March 31, 2024:

	Balance as of January 1, 2024		Net transfers in to (out of) Level 3		Purchases, settlements and other net		Fair value adjustments		Balance as of March 31, 2024
Liabilities:
Acquisition-related contingent consideration obligations	$	1,606	$	—	$	—	$	—	$	1,606

Schedule of Reconciliation of Contingent Stock Consideration Obligations Measured on a Recurring Basis

The following table presents a reconciliation of the contingent stock consideration obligation measured on a recurring basis using Level 3 inputs for three months ended March 31, 2024:

	Balance as of January 1, 2024		Net transfers in to (out of) Level 3		Purchases, settlements and other net		Fair value adjustments		Balance as of March 31, 2024
Liabilities:
Contingent stock consideration	$	27	$	—	$	—	$	—	$	27

Schedule of Reconciliation of Short-term Debt Obligations Measured on a Recurring Basis

The following table presents a reconciliation of short-term debt obligations measured on a recurring basis using Level 3 inputs for the three months ended March 31, 2024:

Liabilities:
Balance as of January 1, 2024	$	17,223
Principal repayments		(17,374	)
Issuance of convertible promissory note		3,150
Fair value adjustment through earnings		(81	)
Balance as of March 31, 2024	$	2,918

Schedule of Yorkville Convertible Promissory Note Valuation Model

Significant inputs for the Yorkville convertible promissory note valuation model were as follows:

		March 31, 2024				March 13, 2024
						(issuance)
Common share price	$		5.23		$		5.79
Credit spread			8.60	%			8.50	%
Dividend yield			0	%			0	%
Term (years)			0.95				1.00
Risk-free interest rate			4.90	%			4.90	%
Volatility			50.0	%			50.0	%

Schedule of Reconciliation of Warrant Liabilities Measured on a Recurring Basis

The following table presents a reconciliation of the warrant liabilities measured on a recurring basis using Level 3 inputs for the three months ended March 31, 2024:

Balance as of January 1, 2024	$	3,784
January 2024 Bridge Loan - Tranche #2 warrant issuance		1,858
Gain recognized in earnings from change in fair value		8,875
Balance as of March 31, 2024	$	14,517

May 2022 PIPE Warrants and April 2023 Registered Direct Warrants

Fair Value Of Financial Assets And Liabilities Tables [Line Items]

Significant Inputs for May 2022 PIPE Warrants and 2023 Registered Direct Warrants

Significant inputs for the May 2022 PIPE Warrants and the 2023 Registered Direct Warrants were as follows:

		March 31, 2024				December 31, 2023
Common share price	$	5.23			$		2.47
Exercise price	$	3.50 - 7.50			$	3.50 - 7.50
Dividend yield			0	%			0	%
Term (years)		4.53 - 4.84				5.03 - 5.34
Risk-free interest rate			4.21	%			4.60	%
Volatility		99.1% - 100.7%					97.0	%

January 2024 Bridge Loan - Tranche #2 Warrants

Fair Value Of Financial Assets And Liabilities Tables [Line Items]

Schedule of Fair Value of Warrants Issued

Significant inputs for the January 2024 Bridge Loan - Tranche #2 Warrants were as follows:

		March 31, 2024				January 16, 2024
						(issuance)
Common share price	$		5.23		$		2.00
Term to initial exercise date (years)(1)			0.30				0.50
Dividend yield			0	%			0	%
Term (years)			5.0				5.0
Risk-free interest rate			4.10	%			3.90	%
Volatility			115.0	%			107.5	%

GX Sponsor Warrants

Fair Value Of Financial Assets And Liabilities Tables [Line Items]

Schedule of Fair Value of Warrants Issued

Significant inputs for the Sponsor Warrants were as follows:

		March 31, 2024				December 31, 2023
Common share price	$		5.23		$		2.47
Exercise price	$		115.00		$		115.00
Dividend yield			0	%			0	%
Term (years)			2.3				2.5
Risk-free interest rate			4.50	%			4.12	%
Volatility			106.2	%			100.7	%