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 Disclosures [Abstract]  
The following table summarizes the range of significant assumptions used in determining the fair value of liability-classified warrants for the years ended December 31, 2024, and 2023:

The following table summarizes the range of significant assumptions used in determining the fair value of liability-classified warrants for the years ended December 31, 2024, and 2023: 

 

    Year ended   Year ended
    December 31, 2024   December 31, 2023
Common stock price   $ 608.00 - 988.80   $ 1,289.60
Risk-free rate     4.01% - 5.37%     3.84% - 4.23%
Expected term (in years)     0.86 - 5.00     1.78 - 5.15
Expected volatility     105.00% - 120.00%     108.00%
Discount for lack of marketability     N/A     5.00%
A reconciliation of the beginning and ending balances for the liability-classified warrants measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows

A reconciliation of the beginning and ending balances for the liability-classified warrants measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the year ended December 31, 2024:

 

    Warrant liabilities  
Balance at December 31, 2023   $ 22,855  
Fair value - mark to market adjustment     (7,005 )
Warrants reclassified from liabilities to equity     (15,850 )
Warrants reclassified from equity to liabilities     9,977  
Fair value - mark to market adjustment     855  
Warrants reclassified from liabilities to equity     (10,832 )
Balance at December 31, 2024   $  

 

A reconciliation of the beginning and ending balances for the liability-classified warrants measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the year ended December 31, 2023:

 

  Warrant liabilities  
Balance at December 31, 2022   $  
Warrant liabilities issued     22,572  
Fair value - mark to market adjustment     283  
Balance at December 31, 2023   $ 22,855