Fair Value Measures (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Measures [Abstract]

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

At March 31, 2025 and December 31, 2024, the Company’s assets and liabilities measured at fair value on a recurring basis were as follows:

	March 31, 2025								December 31, 2024
	Fair Value Measurements Using Input Types								Fair Value Measurements Using Input Types
(In thousands)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Liabilities:
Warrant liabilities	$	—	$	—	$	589	$	589	$	—	$	—	$	996	$	996
Total liabilities	$	—	$	—	$	589	$	589	$	—	$	—	$	996	$	996

Schedule of Company’s Assumptions Used in the Valuations

The following table summarizes the Company’s assumptions used in the valuations as of March 31, 2025 and December 31, 2024:

	March 31, 2025			December 31, 2024
Stock price	$	17.55		$	28.99
Exercise price	$	0.14 - $22,440.00		$	0.14 - $22,440.00
Expected term (in Years)		1.83 - 2.89			2.08 - 3.14
Volatility		171.0	%		171.0	%
Discount rate - treasury yield		3.89	%		4.27	%

Schedule of Changes in the Fair Value of the Level 3 Warrant Liabilities

The following table (in thousands) sets forth a summary of the changes in the fair value of the Level 3 warrant liabilities for the three months ended March 31, 2025 and for the year ended December 31, 2024:

(In thousands)	Three months ended March 31, 2025			For the year ended December 31, 2024
Warrant liabilities - beginning of period	$	996		$	1,290
Initial fair value of warrant liabilities		—			5,601
Exercise of warrants		—			(3,026	)
Reclassification of warrant liabilities to equity		—			(20,771	)
Change in estimated fair value		(407	)		17,902
Warrant liabilities end of period	$	589		$	996