v3.25.3
Warrants
9 Months Ended
Sep. 30, 2025
Warrants and Rights Note Disclosure [Abstract]  
Warrants Warrants
There are significant judgements and estimates inherent in the determination of the fair value of the Company’s warrants. These judgements and estimates include assumptions regarding the Company’s future operating performance and the determination of the appropriate valuation methods.
Warrants vested and outstanding as of September 30, 2025, are summarized as follows:
SourceExercise
Price
Weighted
Average
Remaining
Contractual
Term
(Years)
Number of
Warrants
Outstanding
2016 Common Stock Warrants to Service Providers287.50 1.08160 
2021 Inducement Warrants37.50 0.8284,667 
2021 Inducement Warrants to Placement Agent47.00 0.825,927 
2021 Common Stock Warrants22.50 0.99311,113 
2021 Common Stock Warrants to Placement Agent27.50 0.9921,778 
August 2023 Convertible Note Common Stock Warrants5.16 7.88340,000 
August 2023 PIPE Financing Common Stock Warrants5.16 7.882,325,537 
January 2024 Pre-Funded Warrants Common Stock0.001 Indefinite8,677,166 
Total warrants outstanding as of September 30, 202511,766,348
As of September 30, 2025, all of the Company's warrants are fully vested.