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Common Stock Warrants (Tables)
3 Months Ended
Mar. 31, 2025
Warrants and Rights Note Disclosure [Abstract]  
Summary of Fair Value of the Warrants Estimated on Date of Grant Using Assumptions

The fair value of the warrants issued to the placement agent in 2024 was estimated on the date of grant using the following assumptions:

 

 

 

2024

 

 

Minimum

 

Maximum

Expected life (in years)

 

5.0

 

5.0

Expected volatility

 

118.6%

 

118.6%

Risk-free interest rate

 

3.83%

 

4.50%

Dividend yield

 

0%

 

0%

Summary of the Company's Outstanding Warrants

A summary of the Company’s outstanding warrants as of March 31, 2025 is as follows:

 

Class of Shares

 

Number of Warrant Shares

 

 

Exercise Price of Warrants

 

 

Expiration Date of Warrants

Common Stock

 

 

30

 

 

$

1,768.00

 

 

July 1, 2026

Common Stock

 

 

30

 

 

$

1,768.00

 

 

November 15, 2026

Common Stock

 

 

102

 

 

$

10,625.00

 

 

November 10, 2026

Common Stock

 

 

589

 

 

$

531.25

 

 

August 9, 2027

Common Stock

 

 

765

 

 

$

112.20

 

 

July 10, 2028

Common Stock

 

 

1,206

 

 

$

81.60

 

 

July 14, 2028

Common Stock

 

 

781

 

 

$

83.64

 

 

August 4, 2028

Common Stock

 

 

11,083

 

 

$

15.90

 

 

May 9, 2029

Common Stock

 

 

269,535

 

 

$

14.45

 

 

May 13, 2025

Common Stock

 

 

415,589

 

 

$

14.45

 

 

May 14, 2029

  Total

 

 

699,710