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Capital Stock (Tables)
12 Months Ended
Dec. 31, 2023
Capital Unit [Line Items]  
Summary of Fair Value Of Warrants

The fair value of all option activity was estimated at the date of grant using a Black-Scholes model with the following weighted-average assumptions for the years ended December 31, 2023 and 2022:

 

 

 

Year Ended
December 31,

 

 

 

2023

 

 

2022

 

Fair value of Common Stock

 

$

0.86

 

 

$

5.03

 

Expected volatility

 

 

104.32

%

 

 

99.19

%

Expected term (in years)

 

 

5.92

 

 

 

5.93

 

Risk-free interest rate

 

 

4.10

%

 

 

3.34

%

Expected dividend yield

 

 

0.00

%

 

 

0.00

%

Loan and Security Agreement Warrants  
Capital Unit [Line Items]  
Summary of Fair Value Of Warrants

The Company determined the fair value of the warrants using the Black-Scholes option model with the following assumptions:

Amended and Restated Loan and Security Agreement Warrants

 

May 2021

 

June 2022

Fair value of common stock

 

$3.82

 

$10.06

Expected volatility

 

95.00%

 

96.56%

Expected term (in years)

 

10.00

 

8.91

Risk-free interest rate

 

1.56%

 

3.23%

Expected dividend yield

 

0.00%

 

0.00%