v3.24.3
Company Description and Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2024
Company Description and Summary of Significant Accounting Policies [Abstract]  
Fair Value of Financial Instruments Measured on a Recurring Basis
 
  
As of September 30, 2024
  
Description
  
Total
    
Level 1
    
Level 2
    
Level 3
  
Assets:
                        
Short-term investments
  
$
3
    
$
3
    
$
—
    
$
—
  
Total assets at fair value
  
$
3
    
$
3
    
$
—
    
$
—
  
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 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 nine months ended September 30, 2024 and 2023 (in thousands):
 
  
2024
    
2023
  
Short-term investments
            
Balance as of beginning of period
  
$
15
    
$
49
  
Unrealized loss
    
(12
)
    
(38
)
Balance as of end of period
  
$
3
    
$
11
  

   
2024
    
2023
  
Derivative liability
            
Balance as of beginning of period
  
$
74
    
$
—
  
Purchase agreement execution
     —       154  
Unrealized gain
     —       (61 )
Balance as of end of period
  
$
74
    
$
93