XML 64 R52.htm IDEA: XBRL DOCUMENT v3.25.1
Loan Payable (Details)
1 Months Ended 3 Months Ended
Mar. 03, 2025
USD ($)
$ / shares
shares
Feb. 07, 2025
USD ($)
$ / shares
shares
Dec. 18, 2024
USD ($)
shares
Dec. 13, 2024
USD ($)
volume
payment
day
$ / shares
shares
Oct. 24, 2024
USD ($)
tranche
$ / shares
shares
Feb. 22, 2021
USD ($)
Nov. 30, 2024
USD ($)
$ / shares
shares
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Feb. 11, 2025
Dec. 31, 2024
USD ($)
Dec. 17, 2024
Sep. 26, 2024
USD ($)
Jul. 12, 2024
payment
$ / shares
Short-term Debt [Line Items]                            
Warrants and rights outstanding, term (in years)                   5 years   5 years    
Gain on debt extinguishment               $ 58,000 $ 0          
December Loan Agreement | Loans Payable                            
Short-term Debt [Line Items]                            
Initial borrowing capacity       $ 2,000,000.0                    
Payment of debt issuance costs       $ 300,000                    
Weekly installments | payment       40                    
Weekly installments payments       $ 68,000                    
Installments payments on or before January 13,2025     $ 2,400,000                      
Installments payments after January 13, 2025       $ 2,700,000                    
Debt instrument, convertible, conversion price (in dollars per share) | $ / shares       $ 5.92                    
Convertible threshold (as percent)       80.00%                    
Lowest volume weighted average closing prices | volume       4                    
Trading days | day       20                    
Fair value of warrants       $ 100,000                    
Warrants and rights outstanding, term (in years)       5 years                    
Expected term       5 years 3 days                    
Stock price (in dollars per share) | $ / shares       $ 5.92                    
Exercise price (in dollars per share) | $ / shares       $ 5.92                    
Volatility rate (as percent)       100.00%                    
Risk interest rate (as percent)       4.25%                    
Gain on debt extinguishment     (800,000)                      
Default interest derivative     $ 0                      
December Loan Agreement | Loans Payable | J.J. Astor & Co. Warrants                            
Short-term Debt [Line Items]                            
Number of warrants exercised on net basis (in shares) | shares     285,715 28,572                    
Convertible promissory notes | Convertible Debt                            
Short-term Debt [Line Items]                            
Initial borrowing capacity         $ 3,000,000.0     1,200,000         $ 2,300,000  
Payment of debt issuance costs         $ 100,000   $ 100,000              
Debt instrument, convertible, conversion price (in dollars per share) | $ / shares $ 2.12 $ 7.41     $ 8.05                 $ 7.41
Number of warrants exercised on net basis (in shares) | shares         357,143                  
Fair value of warrants         $ 2,000,000.0                  
Expected term         5 years 6 months   5 years 4 months 17 days              
Stock price (in dollars per share) | $ / shares         $ 7.41   $ 7.84              
Exercise price (in dollars per share) | $ / shares         $ 8.05   $ 7.41              
Volatility rate (as percent)         97.50%   97.50%              
Risk interest rate (as percent)         4.05%   4.08%              
Gain on debt extinguishment $ 100,000           $ (3,200,000)              
Default interest derivative               0     $ 0      
Interest rate (as percent)         15.00%                 15.00%
Number of periodic payments | payment                           4
Debt instrument, prepayment penalty fee (as percent)                           10.00%
Debt instrument, number of tranches | tranche         2                  
Debt instrument, initial principal amount         $ 2,000,000.0                  
Debt instrument, additional amount         $ 1,000,000.0                  
Debt issuance costs             500,000              
Class of warrant or right, beneficially owned to exceed percentage, (as percent)         9.99%                  
Debt instrument, capital expenditures         $ 100,000                  
Debt instrument prepayment fee percentage (as percent)         10.00%                  
Aggregate debt premium $ 200,000 $ 50,000.00         1,200,000 100,000            
Additional loss on extinguishment             $ 300,000              
Calculated effective interest rate             348.00%              
Effective interest rates being amortized (25.00%)                          
Principal of converted Amount $ 300,000 200,000                        
Accrued interest $ 30,000.00 $ 100,000                        
Debt converted into common stock (in shares) | shares 150,000 40,000                        
Debt instrument, carrying amount               1,300,000            
Loans payable               4,000,000.0            
Accrued interest               100,000            
Long-term debt, due in 2025               4,000,000.0            
Convertible promissory notes | Convertible Debt | Share-Based Payment Arrangement, Tranche One                            
Short-term Debt [Line Items]                            
Debt instrument, convertible, conversion price (in dollars per share) | $ / shares         $ 7.41                  
Fair value of warrants         $ 800,000                  
Expected term         5 years 5 months 8 days                  
Stock price (in dollars per share) | $ / shares         $ 8.82                  
Exercise price (in dollars per share) | $ / shares         $ 7.41                  
Volatility rate (as percent)         97.50%                  
Risk interest rate (as percent)         4.33%                  
Debt issuance costs         $ 1,300,000                  
Aggregate debt premium             $ 700,000              
Convertible promissory notes | Convertible Debt | Share-Based Payment Arrangement, Tranche Two                            
Short-term Debt [Line Items]                            
Debt issuance costs         $ 700,000                  
Aggregate debt premium             $ 300,000              
Effective interest rates being amortized             (18.00%)              
Convertible promissory notes | Convertible Debt | SIV Warrants                            
Short-term Debt [Line Items]                            
Number of warrants exercised on net basis (in shares) | shares             193,273              
Convertible promissory notes | Convertible Debt | SIV Warrants | Share-Based Payment Arrangement, Tranche One                            
Short-term Debt [Line Items]                            
Number of warrants exercised on net basis (in shares) | shares         269,950                  
October Convertible Note | Convertible Debt                            
Short-term Debt [Line Items]                            
Initial borrowing capacity               2,800,000            
Debt instrument, carrying amount               2,400,000            
Unamortized discount               $ 400,000            
Term Loan                            
Short-term Debt [Line Items]                            
Initial borrowing capacity           $ 40,000,000.0                
Interest rate (as percent)           12.00%                
Calculated effective interest rate           126.00%   28.20%            
Proceeds from issuance of convertible notes           $ 25,000,000.0                
Amount no longer available for borrowing           $ 15,000,000.0                
Debt term           2 years                
Unamortized debt discount (premium)           $ 15,800,000                
Percentage of debt discount in excess of initial face value           62.60%                
Interest expense amortization               $ 0 $ 50,000.00