Annual report pursuant to Section 13 and 15(d)

Company Description and Summary of Significant Accounting Policies (Tables)

v3.24.0.1
Company Description and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Company Description and Summary of Significant Accounting Policies [Abstract]  
Fair Value of Financial Instruments Measured on a Recurring Basis
The fair value of financial instruments measured on a recurring basis is as follows (in thousands):
 
   
As of December 31, 2023
  
Description
  
Total
    
Level 1
    
Level 2
    
Level 3
  
Assets:
                        
Short-term investments
  
$
15
    
$
15
    
$
—
    
$
—
  
Total assets at fair value
  
$
15
    
$
15
    
$
—
    
$
—
  
Liabilities:
                                
Derivative liability
   $
74     $
—     $
—     $ 74  
Total liabilities at fair value
   $
74     $ —     $
—     $ 74  

   
As of December 31, 2022
  
Description
  
Total
  
Level 1
  
Level 2
  
Level 3
  
Assets:
                  
Short-term investments
  
$
49
    
$
49
    
$
—
    
$
—
  
Total assets at fair value
  
$
49
    
$
49
    
$
—
    
$
—
  
Fair Value, Investments and Derivative Liabilities Measured on a Recurring Basis
The following table provides a roll-forward of short-term investments and derivative liabilities measured at fair value on a recurring basis using observable Level 1 and Level 3 inputs, as applicable, for the years ended December 31, 2023 and 2022 (in thousands):

 
  
2023
    
2022
  
Short-term investments
            
Balance as of beginning of period
  
$
49
    
$
219
  
Unrealized loss
    
(34
)
    
(170
)
Balance as of end of period
  
$
15
    
$
49
  

 
  
2023
    
2022
  
Derivative liabilities
            
Balance as of beginning of period
  
$
—
    
$
—
  
Purchase agreement execution
    
154
      
—
  
Unrealized gain
    
(80
)
    
—
  
Balance as of end of period
  
$
74
    
$
—