| Schedule of Convertible Debt |
The following table provides quantitative information regarding the YA II Debenture Note Level 3 fair value inputs using the Monte-Carlo method for the following measurement dates:
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
December 31,
2022 |
|
|
| Stock price |
|
$ |
1.85 |
|
|
|
| Option term (in years) |
|
0.99 |
|
|
| Volatility |
|
99.9 |
% |
|
|
| Risk-free interest rate |
|
4.62 |
% |
|
|
|
|
|
|
|
|
|
|
|
As of |
|
December 31,
2022 |
|
|
|
(In thousands) |
| YA II Convertible Debenture |
|
|
|
Fair value as of December 31, 2021 |
$ |
— |
|
|
|
| Change in fair value reported in statement of operations |
(3,635) |
|
|
|
| Convertible note issued during the period |
50,000 |
|
|
|
| Conversion of note to common stock |
(6,500) |
|
|
|
Ending fair value as of December 31, 2022 |
$ |
39,865 |
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
December 31,
2022 |
|
|
|
(In thousands) |
| YA II Convertible Debenture Accrued Interest |
|
|
|
Accrued interest as of December 31, 2021 |
$ |
— |
|
|
|
| Accrued interest |
1,439 |
|
|
|
| Accrued interest paid upon conversion |
(108) |
|
|
|
Accrued interest as of December 31, 2022 |
$ |
1,331 |
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
December 31,
2022 |
|
|
| Number of Common Shares Issued Upon Conversion |
|
|
|
Common shares issued as of December 31, 2021 |
$ |
— |
|
|
|
| Common shares issued |
2,382,497 |
|
|
|
Common shares issued as of December 31, 2022 |
$ |
2,382,497 |
|
|
|
The following table provides quantitative information regarding the 2022 VIL Convertible Notes Level 3 fair value inputs using the Black-Scholes method for the following measurement dates:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2022 |
|
|
|
|
November VIL Convertible Note
|
|
December VIL Convertible Note
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock price |
|
$ |
1.85 |
|
|
|
|
$ |
1.85 |
|
|
|
| Option term (in years) |
|
1.84 |
|
|
|
1.84 |
|
|
| Volatility |
|
86.3 |
% |
|
|
|
86.3 |
% |
|
|
| Risk-free interest rate |
|
4.46 |
% |
|
|
|
4.46 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2022 |
|
|
|
|
November VIL Convertible Note
|
|
December VIL Convertible Note
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
| 2022 VIL Convertible Notes |
|
|
|
|
|
|
|
|
Fair value as of December 31, 2021 |
|
$ |
— |
|
|
|
|
$ |
— |
|
|
|
| Change in fair value reported in statement of operations |
|
(5,961) |
|
|
|
|
495 |
|
|
|
| Convertible notes issued during the period |
|
25,000 |
|
|
|
|
20,000 |
|
|
|
| Conversion of note to common stock |
|
— |
|
|
|
|
— |
|
|
|
Ending fair value as of December 31, 2022 |
|
$ |
19,039 |
|
|
|
|
$ |
20,495 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2022 |
|
|
|
|
November VIL Convertible Note
|
|
December VIL Convertible Note
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
| VIL Convertible Notes Accrued Interest |
|
|
|
|
|
|
|
|
Accrued interest as of December 31, 2021 |
|
$ |
— |
|
|
|
|
$ |
— |
|
|
|
| Accrued interest |
|
233 |
|
|
|
|
40 |
|
|
|
| Accrued interest paid upon conversion |
|
— |
|
|
|
|
— |
|
|
|
Accrued interest as of December 31, 2022 |
|
$ |
233 |
|
|
|
|
$ |
40 |
|
|
|
|