Annual report [Section 13 and 15(d), not S-K Item 405]

Fair Value Measurements (Tables)

v3.25.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Measurements  
Schedule of company's financial assets and liabilities that are measured at fair value on a recurring basis

(in thousands)

December 31, 2024

    

    

Significant

    

Quoted prices

other

Significant

in active

observable

unobservable

markets

inputs

inputs

 

(Level 1)

 

(Level 2)

 

(Level 3)

Liabilities:

 

  

 

  

 

  

Convertible note payable

$

10,000

Warrant liabilities

$

$

$

664

(in thousands)

December 31, 2023

    

    

Significant

    

Quoted prices

other

Significant

in active

observable

unobservable

markets

inputs

inputs

 

(Level 1)

 

(Level 2)

 

(Level 3)

Warrant liabilities

$

$

$

5,460

Warrant Liabilities  
Fair Value Measurements  
Schedule of changes in the fair value of the warrant liability and derivative liability

    

For the year ended December 31,

(in thousands)

2024

2023

Beginning balance

$

5,460

$

8,945

Additions

 

8,701

 

10,844

Change in fair value

 

29,120

 

(4,510)

Exercise of warrant liabilities

 

(587)

 

(9,819)

Repurchase

(824)

Conversion of equity warrants to liability warrants

645

Conversion of liability warrants to equity warrants

(41,851)

Ending balance

$

664

$

5,460