Annual report pursuant to Section 13 and 15(d)

Financial Instruments Measured at Fair Value and Concentrations of Credit Risk (Tables)

v3.22.4
Financial Instruments Measured at Fair Value and Concentrations of Credit Risk (Tables)
 12 Months Ended
Dec. 31, 2022
Text Block [Abstract]  
Summary of Fair Value Measurements and Financial Statement Presentation The fair values of the Company’s financial instruments measured at fair value and their respective levels in the fair value hierarchy as of December 31, 2022, were as follows:
 
    
December 31, 2022
     
December 31, 2022
  
    
Fair Values of Assets
     
Fair Values of Liabilities
  
In Thousands
   
Level 1
     
Level 2
     
Level 3
     
Total
     
Level 1
     
Level 2
     
Level 3
     
Total
  
Other items reported at fair value:
                                                                        
Common stock warrants
    $ —        $ —        $ —        $ —        $ —        $ —        $ 291      $ 291  
Total
   
$
—  
 
   
$
—  
 
   
$
—  
 
   
$
—  
 
   
$
—  
 
   
$
—  
 
   
$
291
 
   
$
291
 
    
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
Summary of Fair Value of the Common Warrants
The estimated fair values of the Common Warrants, and the assumptions used for the Black-Scholes option pricing model were as follows:
 
    
As of December 31,

2022
  
Estimated fair value of Common Warrants:
   
$
0.04
 
Assumptions:
         
Expected term to liquidation (in years)
   
 
4.6
 
Expected volatility
   
 
85.0
% 
Risk-free interest rate
   
 
4.0
%