Quarterly report pursuant to Section 13 or 15(d)

Company Description and Summary of Significant Accounting Policies (Tables)

v3.24.1.1.u2
Company Description and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2024
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 March 31, 2024
 
Description
 
Total
   
Level 1
   
Level 2
   
Level 3
 
Assets:
                       
Short-term investments
 
$
5
   
$
5
   
$
   
$
 
Total assets at fair value
 
$
5
   
$
5
   
$
   
$
 
Liabilities:                                
Derivative liability   $
74     $
    $
    $
74  
Total liabilities at fair value   $
74     $
    $
    $
74  

   
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  
Fair Value, Investments Measured on a Recurring Basis
The following table provides a roll-forward of short-term investments measured at fair value on a recurring basis using observable level 1 inputs for the three months ended March 31, 2024 and 2023 (in thousands):

   
    Three Months Ended
March 31,
 
   
2024
   
2023
 
Short-term investments
           
Balance as of beginning of period
 
$
15
   
$
49
 
Unrealized loss
   
(10
)
   
(27
)
Balance as of end of period
 
$
5
   
$
22
 
Derivative Liabilities Measured at Fair Value on a Recurring Basis
The following table provides a roll-forward of the derivative liabilities measured at fair value on a recurring basis using unobservable level 3 inputs for the three months ended March 31, 2024 and 2023 (in thousands):

   
    Three Months Ended March 31,
 
   
2024
   
2023
 
Derivative liabilities
           
Balance as of beginning of period
 
$
74
   
$
 
Change in fair value of derivative liabilities
   
     
 
Balance as of end of period
  $ 74    
$