Senior Secured Convertible Notes and Warrants (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Senior Secured Convertible Note

The Company arrived at the fair value of the Notes liability as shown below:

Senior Secured Convertible Notes:	March 31, 2024			December 31, 2023
Fair Value (In thousands)	$	5,379			$	5,544
Face value principal payment (In thousands)	$	4,600			$	4,600
Face value at Premium (In thousands)	$	5,750			$	5,750
Conversion discount		10	%			10	%
Maturity Date	October 11, 2024				October 11, 2024
Interest rate	in default					7.00	%
Default interest rate		18.00	%			18.00	%
Discount rate		35.80	%			23.50	%
Valuation technique	PWERM				PWERM

Summary of Roll Forward Convertible Notes at Fair Value

The roll forward of the convertible notes is as follows (in thousands):

Fair value (In thousands)	Total
Balance as of December 31, 2023	$	5,544
Change in fair value of Senior Secured Convertible Notes		(165	)
Balance as of March 31, 2024	$	5,379

Summary of Changes in Fair Value for Warrants Accounted for as Liabilities

Changes in the fair value for warrants accounted for as liabilities for the period from December 31, 2023 through March 31, 2024 are as follows:

Fair value	Total
Balance as of December 31, 2023	$	677
Change in fair value of warrants			(117	)
Balance as of March 31, 2024	$		560