Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.24.1
Fair Value Measurements (Tables)
3 Months Ended
Dec. 31, 2023
Fair Value Measurements [Abstract]  
Reconciliation of the Beginning and Ending Balance of Liabilities Measured Using Significant Unobservable Inputs

Three Months Ended

December 31,

2023

2022

Beginning balance

$

1,331,000

$

4,294,000

Change in fair value of derivative liabilities

2,000

670,000

Ending balance

$

1,333,000

$

4,964,000

Schedule of Quantitative Information

Valuation Methodology

Significant Unobservable Input

December 31, 2023

September 30, 2023

Scenario-Based

Estimated change of control dates

December 2024 to December 2026

December 2024 to December 2026

Discount rate

12.9% to 13.7%

14.1% to 15.1%

Probability of change of control

20% to 90%

20% to 90%

Summary of Significant Unobservable Inputs

Significant Unobservable Input

October 3,
2023

December 31, 2023

Expected volatility

79%

69%

Expected term

3.0 years

2.76 years

Discount rate

35%

35%

Probability of dissolution

60%

60%

Discount for lack of marketability

15%

13%

Reconciliation of the Beginning and Ending Balance of Assets Measured Using Significant Unobservable Inputs

Three Months Ended

December 31,

2023

2022

Beginning balance

$

$

Additions

918,372

Change in fair value of equity securities

(379,898)

Ending balance

$

538,474

$