Debt and Warrants Transactions (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Summary of Assumptions Utilized

The assumptions utilized during the quarter are as follows:

	Convertible Notes Derivative
	March 31, 2023
Common stock market price	$	1.16
Risk-free interest rate	4.68		%
Expected dividend yield	—
Expected term (in years)	0.75
Expected volatility	84.34		%

Below are the specific assumptions utilized:

	Warrants			Additional Warrants
	March 31, 2023			March 31, 2023
Common stock market price	$	1.16		$	1.16
Risk-free interest rate	3.82		%	3.82		%
Expected dividend yield	—			—
Expected term (in years)	4.37			4.87
Expected volatility	68.94		%	67.85		%

Balance of the Notes

The current balance of the Notes as of March 31, 2023 is as follows (unaudited, in thousands):

	Current
Gross Balance as of March 31, 2023	$	13,500
Unamortized Discount	(3,658)
Unamortized Issuance Costs	(218)
Net Balance as of March 31, 2023	$	9,624