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Fair Value Measurement (Tables)
 9 Months Ended
Sep. 30, 2023
Fair Value Measurement [Abstract]  
Schedule of Company’s Liabilities Measured at Fair Value on a Recurring Basis The following tables provide information related to the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2023 and December 31, 2022 (in thousands):
   September 30, 2023 
   Level 1   Level 2   Level 3   Total 
Assets:                
Forward purchase agreement assets  $
-
   $
-
   $2,386   $2,386 
   $
-
   $
-
   $2,386   $2,386 
Liabilities:                    
Forward purchase agreement warrant liability  $
-
   $
-
   $1,793   $1,793 
Warrant liability   1,274    
-
    
-
    1,274 
   $1,274   $
-
   $1,793   $3,067 
   December 31, 2022 
   Level 1   Level 2   Level 3   Total 
Liabilities:                
Convertible notes payable, net of current portion (related party)  $
-
   $
-
   $33,397   $33,397 
Convertible notes payable, current portion (related party)   
-
    
-
    448    448 
Warrant liability (related party)   
-
    
-
    127    127 
   $
-
   $
-
   $33,972   $33,972 

 
Schedule of Fair Value Measurements of Forward Purchase Agreement Assets The fair values of the forward purchase agreement assets and the forward purchase agreement warrant liability were estimated using Monte Carlo Simulation models, which are Level 3 fair value measurement. The following table presents the quantitative information regarding Level 3 fair value measurements of the forward purchase agreement assets and forward purchase agreement warrant liability:
   September 30,
2023		 
Stock price  $5.64 
Initial exercise price   10.46 
Remaining term (in years)   1.00 
Risk-free rate   5.32%
The following table presents the quantitative information regarding Level 3 fair value measurements of the Series A Preferred Stock, which was valued at $10.98 per share.
   September 30,
2023		 
Underlying stock price   7.02 
Exercise price   11.50 
Expected term (in years)   10.00 
Expected volatility   48.9%
The following table presents the unobservable inputs of the warrant liability (related party):
   December 31,
2022		 
Risk-free interest rate   3.9%
Expected dividend yield   0.0%
Expected term (in years)   9.5 
Expected volatility   62.8%

 
Schedule of Valuation of the Convertible Notes The significant inputs that were used in the valuation of the Convertible Notes are presented below (in thousands, except per share amounts):
   December 31,
2022		 
Share price  $0.33 
Discount rate   14.8%
Volatility   91.0%
Probability of qualified financing   5.0%
Probability of SPAC/IPO   25.0%
Probability of default   60.0%
Probability of held to maturity   10.0%
Recovery upon default (2012 and 2013 Convertible Notes)  $10,000 
Schedule of Measured at Fair Value on a Recurring Basis The following table summarizes the activity for the Company’s Level 3 instruments measured at fair value on a recurring basis (in thousands):
   Convertible Notes and
Envoy Bridge Note
(Related Party)		   Warrant Liability
(Related Party)		   Forward Purchase
Agreement Asset		   Forward Purchase
Agreement Warrant
Liability		 
Balance as of December 31, 2022  $33,845   $127   $
-
   $
-
 
Issuances   2,048    
-
    
-
    
-
 
Change in fair value   9,377    104    
-
    
-
 
Balance as of March 31, 2023  $45,270   $231   $
-
   $
-
 
Issuances   1,964    
-
    
-
    
-
 
Change in fair value   8,857    
-
    
-
    
-
 
Capital contribution   (14,678)   
-
    
-
    
-
 
Balance as of June 30, 2023  $41,413   $231   $
-
   $
-
 
Issuances   1,964    
-
   $2,386   $1,793 
Change in fair value   (4,902)   
-
    
-
    
-
 
Conversion   (38,475)   (231)   
-
    
-
 
Balance as of September 30, 2023  $
-
   $
-
   $2,386   $1,793