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
Urica  
Summary of the Weighted average Significant Unobservable Inputs

December 31,

2023

Risk-free interest rate

    

3.93

%  

Expected dividend yield

 

 

Expected term in years

 

0.5

 

Expected volatility

 

153.6

%  

Warrant [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

(4,258)

Change in fair value of common stock warrants - Checkpoint

(7,924)

Change in fair value of placement agent warrants - Urica

52

Exercise of common stock warrants - Checkpoint

(3,121)

Balance at December 31, 2023

886

Change in fair value of common stock warrants - Avenue

(170)

Change in fair value of common stock warrants - Checkpoint

73

Change in fair value of placement agent warrants - Urica

(24)

Exercise of common stock warrants - Avenue

(400)

Exchange of common stock warrants - Urica

(151)

Balance at December 31, 2024

$

214

Warrant [Member] | Checkpoint  
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

(7,924)

Exercise of common stock warrants

(3,121)

Common Stock Warrant liabilities at December 31, 2023

125

Change in fair value of common stock warrant liabilities

73

Common Stock Warrant liabilities at December 31, 2024

$

198

Warrant [Member] | Avenue  
Schedule of revaluation of warrant liability

Avenue

Warrant

($ in thousands)

Liability

Avenue common stock warrant liabilities at December 31, 2022

$

2,609

Issuance of common warrants

2,235

Change in fair value of common stock warrant liabilities

(4,258)

Avenue common stock warrant liabilities at December 31, 2023

586

Exercise of Avenue common warrants

(400)

Change in fair value of common stock warrant liabilities

(170)

Avenue common stock warrant liabilities at December 31, 2024

$

16

Summary of the Weighted average Significant Unobservable Inputs

December 31, 

December 31

2024

2023

Stock price

$ 2.00

$ 12.00

Risk-free interest rate

    

4.27

%  

3.84 - 4.23

%  

Expected dividend yield

 

 

 

Expected term in years

 

2.8

 

2.1 - 3.8

 

Expected volatility

 

155

%  

148 - 175

%  

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

December 31, 

December 31,

Checkpoint Warrants

2024

2023

Exercise price

$

5.41

$

5.41

Volatility

111.1

%

96.4

%

Expected life in years

3.0

4.0

Risk-free rate

4.3

%

3.8

%