Annual report [Section 13 and 15(d), not S-K Item 405]

Derivative Liabilities (Tables)

v3.25.1
Derivative Liabilities (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Liabilities [Abstract]  
Schedule of Measured at Fair Value on a Recurring Basis
    For the Year Ended December 31, 2024  
    Warrants        
    Public     Private                 Alpha        
    SPAC     SPAC     PIPE     AGP     Capital     Total  
Balance as of January 1, 2024     $ 58     $
-
     $
-
     $
-
     $
-
     $ 58  
Change in fair value of derivative liabilities     (58 )    
-
      
-
      
-
      
-
       (58 )
Balance as of December 31, 2024   $
-
     $
             -
     $
             -
     $
             -
     $
             -
     $
-
  

 

    For the Year Ended December 31, 2023  
    Warrants      
    Public     Private                    
    SPAC     SPAC     PIPE     AGP     Total  
Balance as of January 1, 2023     $ 31,625     $ 1,256     $ 42,100     $ 400     $ 75,381  
Change in fair value of derivative liabilities     (31,567 )     (1,256 )     (42,100 )     (400 )     (75,323 )
Balance as of December 31, 2023   $ 58     $
-
     $
-
     $
-
     $ 58  
Schedule of Estimated Using the Black Scholes Option Pricing Model, with the following Assumptions Used

The fair value of the SPAC derivative liabilities as of December 31, 2024 and 2023 were estimated using the Black Scholes option pricing model, with the following assumptions used:

 

   

December 31,

2024

  
Risk-free interest rate     4.63% – 5.50 %
Expected term in years     0.34 – 1.90  
Expected volatility     90.0%–130.0 %
Expected dividends     0 %

 

   

December 31,

2023

  
Risk-free interest rate     3.71% – 5.50 %
Expected term in years     0.59 – 2.90  
Expected volatility     100.0% – 110.0 %
Expected dividends     0 %