Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Liabilities Measured on Recurring Basis

Liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022 were as follows:

	Fair value measurements as of June 30, 2023
	Level 1		Level 2		Level 3		Total
	(in thousands)
Liabilities
Convertible notes		—		—		—		—
Warrants		—		—		—		—
Total	$	—	$	—	$	—	$	—

	Fair value measurements as of December 31, 2022
	Level 1		Level 2		Level 3		Total
	(in thousands)
Liabilities
Convertible notes		—		—		4,270		4,270
Warrants		—		—		3,004		3,004
Total	$	—	$	—	$	7,274	$	7,274

Schedule of Fair Value Measurement of Liabilities Using Unobservable Inputs Reconciliation

The following tables summarize the activity for the Company Level 3 liabilities measured at fair value on a recurring basis for the six months ended June 30, 2023:

(in thousands)	Convertible Notes
Fair value at December 31, 2022	$	4,270
Issuance of convertible notes		—
Change in estimated fair value of financial instruments		252
Conversion of convertible notes into common stock		(4,521	)
Fair value at June 30, 2023	$	—

(in thousands)	Warrants
Fair value at December 31, 2022	$	3,004
Issuance of warrants		—
Change in estimated fair value of financial instruments		(2,266	)
Exercise of stock warrants		(738	)
Fair value at June 30, 2023	$	—

The following tables summarize the activity for the Company Level 3 liabilities measured at fair value on a recurring basis for the six months ended June 30, 2022:

(in thousands)	Convertible Notes
Fair value at December 31, 2021		—
Issuance of convertible notes		5,902
Change in estimated fair value of financial instruments		24
Conversion of convertible notes into Series A preferred stock		(5,926	)
Fair value at June 30, 2022	$	—