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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2023
Fair Value Measurements [Abstract]  
Schedule of Fair Value Hierarchy 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 September 30, 2023 
   Carrying Value   Level 1   Level 2   Level 3 
Financial liabilities:                
Warrant liability - Public Warrants  $1,897,500   $1,897,500   $
   -
   $
-
 
Warrant liability - Private Warrants   1,636,052    
-
    
-
    1,636,052 
Warrant liability - SPA Warrants   10,969,897    
-
    
-
    10,969,897 
Total  $14,503,449   $1,897,500   $
-
   $12,605,949 

 

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 exchange of warrants   590,266 
Change in fair value of warrant liabilities   (18,775,158)
Balance, September 30, 2023  $14,503,449