Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.23.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2023
Warrants to Purchase Common Stock [Member]  
Schedule of revaluation of warrant liability

Warrants

($ in thousands)

    

liabilities

    

Balance at December 31, 2022

$

13,869

Avenue common stock warrants

2,235

Urica placement agent warrants

33

Change in fair value of common stock warrants - Avenue

1,028

Change in fair value of common stock warrants - Checkpoint

(7,209)

Change in fair value of common stock warrants - Urica

15

Balance as of June 30, 2023

$

9,971

Warrants to Purchase Common Stock [Member] | Checkpoint Common Stock Warrants  
Schedule of revaluation of warrant liability

Checkpoint

Warrant

($ in thousands)

Liability

Common Stock Warrant liabilities at December 31, 2022

$

11,170

Change in fair value of common stock warrant liabilities

(7,209)

Common Stock Warrant liabilities at June 30, 2023

$

3,961

Warrants to Purchase Common Stock [Member] | Avenue Therapeutics, Inc [Member]  
Schedule of revaluation of warrant liability

Avenue

Warrant

($ in thousands)

Liability

Common Stock Warrant liabilities at December 31, 2022

$

2,609

Issuance of Avenue common warrants

2,235

Change in fair value of common stock warrant liabilities

1,028

Common Stock Warrant liabilities at June 30, 2023

$

5,872

Summary of the Weighted average Significant Unobservable Inputs

June 30, 

January 31

December 31

2023

2023

2022

Stock price

$

1.17

$

1.16

$

1.16

Risk-free interest rate

    

3.6 - 3.8

%  

3.90

%  

4.02

%  

Expected dividend yield

 

 

 

 

Expected term in years

 

2.8 - 4.5

 

3.00

 

4.78

 

Expected volatility

 

137 - 164

%  

160

%  

93

%  

Warrants to Purchase Common Stock [Member] | Urica  
Summary of the Weighted average Significant Unobservable Inputs

June 30, 

December 31

2023

2022

Risk-free interest rate

    

5.40

%  

    

3.94

%  

Expected dividend yield

 

 

 

 

Expected term in years

 

1.0

 

 

1.5

 

Expected volatility

 

86.5

%  

 

70.7

%  

Series A Warrants | Checkpoint Common Stock Warrants  
Summary of the Weighted average Significant Unobservable Inputs

June 30, 

December 31,

Checkpoint Warrants

2023

2022

Exercise price

$

4.08 - 5.41

$

4.08 - 5.41

Volatility

90.7 - 108.2

%

82.4 - 89.4

%

Expected life

1.0 - 4.5

1.5 - 5.0

Risk-free rate

4.1 - 5.4

%

4.0 - 4.7

%

Dividend yield