Senior Secured Convertible Notes, Related Party - (Tables)

3 Months Ended

Mar. 31, 2023

Payables and Accruals [Abstract]

Summary of Changes in the Senior Secured Convertible Notes, Related Party

The following table summarizes the changes in the Senior secured convertible notes, related party for the three months ended March 31, 2023 (In thousands):

	Senior Secured			Senior Secured
	Convertible Note (2)			Convertible Note (3)			Total
Fair value at December 31, 2022	$	3,940		$	6,068		$	10,008
Change in fair value of senior secured convertible notes, related party		(223	)		(343	)		(566	)
Balance at March 31, 2023	$	3,717		$	5,725		$	9,442

Schedule of Assumptions Associated with the Fair Value Calculations of Notes Payable to Related Party

The significant assumptions associated with the fair value of the Notes payable, related party as of the dates indicated, are as follows:

	March 31, 2023			December 31, 2022
Face value principle payment (In thousands)	$	11,133		$	11,133
Conversion Price	$	0.78		$	0.78
Maturity Date	December 31, 2024			December 31, 2024
Interest rate		10.00	%		10.00	%
Discount rate		27.30	%		27.30	%
Valuation technique	PWERM			PWERM
Fair Value (In thousands)	$	9,442		$	10,008