Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS

v3.24.2.u1
FAIR VALUE MEASUREMENTS
6 Months Ended
Jun. 30, 2024
FAIR VALUE MEASUREMENTS  
FAIR VALUE MEASUREMENTS

3.

FAIR VALUE MEASUREMENTS

The following are the major categories of assets and liabilities measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023:

As of June 30, 2024

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

Short-term investments

$

32,358

$

$

$

32,358

Total assets measured at fair value

$

32,358

$

$

$

32,358

Liabilities:

 

  

 

  

 

  

 

  

Share-based compensation liability

$

$

$

465,488

$

465,488

Warrant liability

$

$

$

49,231

$

49,231

Total liabilities measured at fair value

$

$

$

514,719

$

514,719

As of December 31, 2023

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

Short-term investments

$

32,358

$

$

$

32,358

Total assets measured at fair value

$

32,358

$

$

$

32,358

Liabilities:

 

  

 

  

 

  

 

  

Share-based compensation liability

$

$

$

422,002

$

422,002

Warrant liability

94,185

94,185

Total liabilities measured at fair value

$

$

$

516,187

$

516,187

No transfers between levels have occurred in either reporting period presented. Refer to Note 6 below for disclosures related to the warrant liability and Note 8 for disclosures related to share-based compensation liability.