Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.24.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
The significant unobservable inputs used in the valuation models at issuance and as of December 31, 2023, to measure the fair value of the Series D Warrants and the Series C Warrants are as follows:

The significant unobservable inputs used in the valuation models at issuance and as of December 31, 2023, to measure the fair value of the Series D Warrants and the Series C Warrants are as follows:

 

                         
    Series C Warrants     Series D Warrants  
Valuation Date:   December 22, 2023     December 31, 2023     December 22, 2023     December 31, 2023  
Common stock price   $ 0.398     $ 0.403     $ 0.398     $ 0.403  
Risk-free rate     4.31 %     4.23 %     3.87 %     3.84 %
Expected term (in years)     1.80       1.78       5.18       5.15  
Expected volatility     108.0 %     108.0 %     108.0 %     108.0 %
Dividend yield     0.0 %     0.0 %     0.0 %     0.0 %
Discount for lack of marketability     5.0 %     5.0 %     5.0 %     5.0 %