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Fair Value Measurements (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Fair Value Measurements (Tables) [Line Items]        
Schedule of Fair Value Hierarchy of Valuation Inputs In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial liabilities that are required to be measured at fair value on a recurring basis and the related activity for the periods presented:
   Fair Value as of June 30, 2023 
   Carrying
Value
   Level 1   Level 2   Level 3 
Financial liabilities:                
Warrant liability - Public Warrants  $1,921,650   $1,921,650   $
-
   $
-
 
Warrant liability - Private Warrants   1,677,025    
-
    
-
    1,677,025 
Warrant liability - SPA Warrants   2,248,382    
-
    
-
    2,248,382 
Total  $5,847,057   $1,921,650   $
    -
   $3,925,407 
  In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial liabilities that are required to be measured at fair value on a recurring basis and the related activity for periods presented:
   Fair Value as of December 31, 2022 
   Carrying Value   Level 1   Level 2   Level 3 
Financial liabilities:                
Warrant liability – Public Warrants  $2,276,136   $2,276,136   $
   $
 
Warrant liability – Private Warrants   1,934,588    
    
    1,934,588 
Warrant liability – SPA Warrants   28,477,618    
    
    28,477,618 
Total  $32,688,342   $2,276,136   $
   $30,412,206 
 
Schedule of Changes in Fair Value The following table sets forth a summary of the changes in fair value of the Company’s financial liabilities:
   Warrant 
   Liability 
Balance, December 31, 2022  $32,688,341 
Loss on repricing of warrants   590,266 
Change in fair value of warrant liabilities   (27,431,550)
Balance, June 30, 2023  $5,847,057 
  The following table sets forth a summary of the changes in fair value of the Company’s financial liabilities:
   Warrant
Liability
 
Balance, December 31, 2021  $
 
Assumption of Public and Private Warrants in Business Combination   5,278,145 
SPA Warrants from Convertible Note   20,949,110 
Change in fair value of warrant liabilities   6,461,087 
Balance, December 31, 2022  $32,688,342 
 
CleanTech Acquisition Corp [Member]        
Fair Value Measurements (Tables) [Line Items]        
Schedule of Fair Value Hierarchy of Valuation Inputs   The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
Description  Amount at
Fair Value
   Level 1   Level 2   Level 3 
June 30, 2022                
Assets                
Investments held in Trust Account:                
Money Market investments  $174,483,243   $174,483,243   $
   $
 
Liabilities                    
Warrant liabilities – Public Warrants  $2,760,000   $2,760,000   $
   $
 
Warrant liabilities – Private Placement
Warrants
  $2,296,000   $
   $
   $2,296,000 
December 31, 2021                    
Assets                    
Investments held in Trust Account:                    
Money Market investments  $174,230,428   $174,230,428   $
   $
 
Liabilities                    
Warrant liabilities – Public Warrants  $5,175,000   $5,175,000   $
   $
 
Warrant liabilities – Private Placement
Warrants
  $2,798,250   $
   $
   $2,798,250 
  The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2021 and December 31, 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
Description  Amount at
Fair Value
   Level 1   Level 2   Level 3 
December 31, 2021                
Assets                
Investments held in Trust Account:                
Money Market investments  $174,230,428   $174,230,428   $
   $
 
Liabilities                    
Warrant liabilities – Public Warrants  $5,175,000   $5,175,000   $
   $
 
Warrant liabilities – Private Placement Warrants  $2,798,250   $
   $
   $2,798,250 
Schedule of the Black-Scholes Option Model for the Private Placement Warrants   The following table provides the significant inputs to the Black-Scholes Option Pricing Model fair value of the Private Placement Warrants:
   As of
June 30,
2022
   As of
December 31,
2021
 
Stock price  $10.07   $9.96 
Strike price  $11.50   $11.50 
Probability of completing a Business Combination   38.0%   * 
Dividend yield   
%   
%
Term (in years)   4.1    4.6 
Volatility   11.2%   8.7%
Risk-free rate   3.0%   1.2%
Discount for lack of marketability   
%   
%
Fair value of warrants  $0.32   $0.39 

 

*The probability of completing a Business Combination is considered within the volatility implied by the traded price of the Public Warrants which is used to value the Private Placement Warrants.
  The following table provides the significant inputs to the Black-Scholes Option Pricing Model fair value of the Private Placement Warrants:
   As of
December 31,
2021
 
Stock price  $9.96 
Strike price  $11.50 
Probability of completing a Business Combination   100.0%
Dividend yield   
%
Term (in years)   4.6 
Volatility   8.7%
Risk-free rate   1.2%
Fair value of warrants  $0.39 
Schedule of Financial Instruments That Are Measured At Fair Value on a Recurring Basis   The following table provides a summary of the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis:
Fair value as of December 31, 2020  $
 
Initial measurement of Public Warrants and Private Placement Warrants at July 19, 2021   7,980,000 
Initial measurement of over-allotment warrants   1,071,000 
Transfer of Public Warrants to Level 1 measurement   (5,175,000)
Change in fair value   (1,077,750)
Fair value as of December 31, 2021   2,798,250 
Change in fair value   (861,000)
Fair value as of March 31, 2022   1,937,250 
Change in fair value   358,750 
Fair value as of June 30, 2022  $2,296,000 
  The following table provides a summary of the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis:
Fair value as of December 31, 2020  $
 
Initial measurement of Public Warrants and Private Placement Warrants at July 19, 2021   7,980,000 
Initial measurement of over-allotment warrants   1,071,000 
Transfer of Public Warrants to Level 1 measurement   (5,175,000)
Change in fair value   (1,077,750)
Fair value as of December 31, 2021  $2,798,250