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Mezzanine Equity And Stockholders' Equity (Deficit) (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Convertible Preferred Stock

As of December 31, 2022, Convertible Preferred Stock consisted of the following:

 

Authorized

 

 

Issued and Outstanding

 

 

Carrying Value

 

 

Liquidation Preference

 

 

Issuance Price

 

Series A convertible preferred stock

 

2,010,728

 

 

 

2,010,728

 

 

$

7,714,336

 

 

$

7,714,336

 

 

$

2.19

 

Series B convertible preferred stock

 

2,893,515

 

 

 

2,824,881

 

 

 

7,025,434

 

 

 

7,025,434

 

 

 

2.49

 

Series C-1 convertible preferred stock

 

3,436,863

 

 

 

426,732

 

 

 

772,028

 

 

 

772,028

 

 

 

2.54

 

Series C-2 convertible preferred stock

 

6,011,960

 

 

 

5,857,512

 

 

 

15,904,275

 

 

 

15,904,275

 

 

 

2.15

 

Summary Of Information Related To Common Stock Warrants The following table presents information related to Common Stock warrants for the year ended December 31, 2023.

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted

 

 

Remaining

 

 

 

 

 

 

 

Average

 

 

Contractual

 

Aggregate

 

 

Number of

 

 

Exercise

 

 

Life in

 

Intrinsic

 

 

Warrants

 

 

Price

 

 

Years

 

Value

 

Outstanding and exercisable, December 31, 2022

 

644,980

 

 

$

2.08

 

 

5.03

 

$

 

Warrants issued

 

16,489

 

 

 

14.20

 

 

 

 

 

 

Public Warrants assumed in Business Combination

 

3,976,985

 

 

 

11.50

 

 

 

 

 

 

Outstanding and exercisable, December 31, 2023

 

4,638,454

 

 

$

10.20

 

 

4.62

 

$

1,382,919

 

Summary of Option Activity

A summary of the option activity during the year ended December 31, 2023 is presented below:

 

 

Number of
Options

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Life in
Years

 

 

Aggregate
Intrinsic
Value

 

Outstanding, December 31, 2022

 

 

2,235,313

 

 

$

2.12

 

 

 

8.07

 

 

$

1,083,492

 

Granted

 

 

1,504,638

 

 

 

2.92

 

 

 

 

 

 

 

Exercised

 

 

(21,158

)

 

 

1.94

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(2,029,028

)

 

 

2.21

 

 

 

 

 

 

 

Outstanding, December 31, 2023

 

 

1,689,765

 

 

$

2.72

 

 

 

9.00

 

 

$

1,850,397

 

Vested/Exercisable, December 31, 2023

 

 

283,438

 

 

$

2.06

 

 

 

6.18

 

 

$

496,063

 

 

Schedule of Assumptions used in Black Scholes Option Pricing Model

The weighted average fair value of the options granted during the year ended December 31, 2023 was based on a Black Scholes option pricing model using the following assumptions:

 

Expected volatility

 

70% - 76%

Expected term of option

 

6.0 - 7.0

Range of risk-free interest rate

 

3.6% -3.8%

Dividend yield

 

0%