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Fair Value of Financial Assets and Liabilities (Tables)
 3 Months Ended
Mar. 31, 2025
Business Combination, Contingent Consideration [Line Items]  
Schedule of Financial Assets and Liabilities Measures at Fair Value

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:

 

   Level 1   Level 2   Level 3   Total 
   Fair Value Measurements as of March 31, 2025 
   Level 1   Level 2   Level 3   Total 
Liabilities:                
Acquisition-related contingent consideration obligations  $—   $—   $1,413   $1,413 
Contingent stock consideration   —    —    27    27 
Short-term debt - Yorkville convertible note   —    —    1,792    1,792 
Short-term debt - unsecured senior convertible notes   —    —    700    700 
Warrant liability – Purchaser   —    —    301    301 
Warrant liability – Purchase Agent   —    —    58    58 
Warrant liability – RWI Bridge Warrants   —    —    4,672    4,672 
Warrant liability - July 2023 Registered Direct Warrants   —    —    1,016    1,016 
Warrant liability - April 2023 Registered Direct Warrants   —    —    971    971 
Warrant liability - May 2022 PIPE Warrants   —    —    466    466 
Warrant liability - Sponsor Warrants   —    —    8    8 
Warrant liability - Public Warrants   575    —    —    575 
Total fair value liabilities  $575   $—   $11,424   $11,999 

 

 

   Level 1   Level 2   Level 3   Total 
   Fair Value Measurements as of December 31, 2024 
   Level 1   Level 2   Level 3   Total 
                 
Liabilities:                    
Acquisition-related contingent consideration obligations  $—   $—   $1,413   $1,413 
Contingent stock consideration   —    —    27    27 
Short-term debt – Yorkville convertible note   —    —    1,865    1,865 
Short-term debt - unsecured senior convertible notes   —    —    620    620 
Warrant liability - July 2023 Registered Direct Warrants   —    —    1,115    1,115 
Warrant liability - April 2023 Registered Direct Warrants   —    —    1,022    1,022 
Warrant liability - May 2022 PIPE Warrants   —    —    505    505 
Warrant liability - November 2024 Purchaser Warrants   —    —    278    278 
Warrant liability - November 2024 Placement Agent Warrants   —    —    48    48 
Warrant liability - Sponsor Warrants   —    —    9    9 
Warrant liability - Public Warrants   287    —    —    287 
Total fair value liabilities  $287   $—   $6,902   $7,189 
Schedule of Reconciliation of Convertible Note Receivable Measured on Recurring Basis

The following table presents a reconciliation of contingent consideration obligations measured on a recurring basis using Level 3 inputs for the periods ended March 31, 2025 and December 31, 2024:

 

   Balance as of
January 1, 2025		   Net
transfers
in to (out of)
Level 3		   Purchases,
settlements
and other
net		   Fair value
adjustments		   Balance as of
March 31, 2025		 
Liabilities:                         
Acquisition-related contingent consideration obligations  $1,413   $—   $—   $—   $1,413 

 

  

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

December 31,

2024

 
Liabilities:                         
Acquisition-related contingent consideration obligations  $1,606   $—   $—   $(193)  $1,413 
Schedule of Reconciliation of Short-term Debt Obligation Measured on 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 ending March 31, 2025:

 

Liabilities:    
Balance as of January 1, 2025  $2,485 
Fair value adjustment through earnings   12 
Fair value adjustment through accumulated other comprehensive income   (5)
Balance as of March 31, 2025  $2,492 
Schedule of Reconciliation of Warrant Liabilities Measured on 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, 2025:

 

Balance as of January 1, 2025  $2,977 
Issuance of RWI Bridge Warrants in connection with RWI binding term sheet   5,031 
Loss recognized in earnings from change in fair value   (516)
Balance as of March 31, 2025  $7,492 
May 2022 PIPE Warrants and April 2023 Registered Direct Warrants [Member]  
Business Combination, Contingent Consideration [Line Items]  
Schedule of Significant inputs for Sponsor Warrants

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

 

   March 31, 2025   December 31, 2024 
Common share price  $1.73   $2.08 
Exercise price  $3.50 - 7.50   $3.50 - 7.50 
Dividend yield   0%   0%
Term (years)   3.53 – 3.84    3.78 – 4.09 
Risk-free interest rate   3.93%   4.3%
Volatility   120.0%   98.5% - 98.8%
January 2024 Bridge Loan - Tranche #2 Warrants [Member]  
Business Combination, Contingent Consideration [Line Items]  
Schedule of Significant inputs for Sponsor Warrants

Significant inputs for the RWI Bridge Warrants are as follows:

 

   March 31, 2025  

February 12, 2025

(issuance)

 
Common share price  $1.73   $1.88 
Exercise price (1)  $-(1)  $-(1)
Equity volatility   120.0%   120.0%
Term (years)   3.1 – 4.3    3.4 – 4.4 
Risk-free interest rate   3.83%   4.40%
Volatility   124.0%   112.5%

 

(1)The exercise price of the RWI Bridge Warrants is the product of (i) 90% and (ii) the official closing price of the Company’s Class A Common Stock on July 24, 2025, as quoted on the principal Trading Market of the Class A Common Stock (or, if such date is not a Trading Day, then on the immediately following Trading Day), provided that, if the product of (i) and (ii) is less than $1.50, then the New Exercise Price shall be the product of (y) 180% and (z) the official closing price of the Company’s Class A Common Stock on July 24, 2025, and, if necessary, each Trading Day thereafter, each as quoted on the principal Trading Market of the Class A Common Stock, until the product of (y) and (z) is equal to or above $1.50, provided further that, the exercise price of any new RWI warrant shall not be higher than the exercise price of the existing RWI warrant that the new RWI warrant is replacing.
November 2024 Purchaser and Placement Agent Warrants [Member]  
Business Combination, Contingent Consideration [Line Items]  
Schedule of Significant inputs for Sponsor Warrants

Significant inputs for the November 2024 Purchaser and Placement Agent Warrants were as follows:

 

   March 31, 2025   December 31, 2024 
Common share price  $1.73   $2.08 
Exercise price (2)  $-(2)  $-(2)
Dividend yield   0%   0%
Term (years)   4.7    4.9 
Risk-free interest rate   3.90%   4.00%
Volatility   70.0%   50.0%

 

(2)The exercise price of the November 2024 Purchaser Warrants is based on the lesser of (i) $2.85 or (ii) the offering price of a Subsequent Financing (see Note 10), subject to a floor price of $1.00. The exercise price of the November 2024 Placement Agent Warrants is based on the lesser of (i) $3.56 or (ii) 125% of the offering price of a Subsequent Financing (see Note 10), subject to a floor price of $1.00.
GX Sponsor Warrants [Member]  
Business Combination, Contingent Consideration [Line Items]  
Schedule of Significant inputs for Sponsor Warrants

Significant inputs for the Sponsor Warrants are as follows:

 

   March 31, 2025   December 31, 2024 
Common share price  $1.73   $2.08 
Exercise price  $115.00   $115.00 
Dividend yield   0%   0%
Term (years)   1.3    1.5 
Risk-free interest rate   4.00%   4.21%
Volatility   127.0%   111.4%
Convertible Promissory Notes [Member]  
Business Combination, Contingent Consideration [Line Items]  
Schedule of Convertible Notes Valuation Model

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

 

   March 31, 2025   December 31, 2024 
         
Common share price  $1.73   $2.08 
Credit spread   9.30%   7.50%
Dividend yield   0%   0%
Term (years)   0.12    0.20 
Risk-free interest rate   4.30%   4.30%
Volatility   50.0%   50.0%
Unsecured Senior Convertible Notes [Member]  
Business Combination, Contingent Consideration [Line Items]  
Schedule of Convertible Notes Valuation Model

Significant inputs for the unsecured senior convertible notes valuation model were as follows:

 

   March 31, 2025   December 31, 2024 
         
Common share price  $1.73   $2.08 
Credit spread   13.2%   7.60%
Dividend yield   0%   0%
Term (years)   0.65    0.90 
Risk-free interest rate   4.20%   4.20%
Volatility   50.0%   50.0%
Contingent Stock Consideration [Member]  
Business Combination, Contingent Consideration [Line Items]  
Schedule of Reconciliation of Contingent 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 the periods ended March 31, 2025 and December 31, 2024:

 

   Balance as of
January 1, 2025		   Net
transfers
in to (out of)
Level 3		   Purchases,
settlements
and other
net		   Fair value
adjustments		   Balance as of
March 31, 2025		 
Liabilities:                         
Contingent stock consideration  $27   $—   $—   $—   $27 

 

   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
December 31, 2024		 
Liabilities:                         
Contingent stock consideration  $27   $—   $—   $—   $27