Common Stock (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Assumptions for Fair Value of Options at the Date of the Grant

Issuance date fair value of the Warrant was determined to be $14.3 million based on using the Black-Scholes model with the following assumptions:

Expected term	5.0 years
Risk free interest rate		0.85	%
Expected volatility		53.78	%
Expected dividend yield	None
Fair value (per warrant)	$	28.65

The fair value of options at the date of the grant was estimated using the Black-Scholes model with the following assumptions for the period ending December 31, 2021:

	2021
Expected option life	3.1 years
Weighted average risk-free interest rate		0.4	%
Weighted average expected volatility		56.5	%
Expected dividend yield	None