Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.24.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Urica  
Summary of the Weighted average Significant Unobservable Inputs

December 31, 

2023

2022

Risk-free interest rate

    

3.93

%  

    

3.94

%  

Expected dividend yield

 

 

 

 

Expected term in years

 

0.5

 

 

1.5

 

Expected volatility

 

153.6

%  

 

70.7

%  

Warrants to Purchase Common Stock [Member]  
Schedule of revaluation of warrant liability

Warrants

($ in thousands)

    

liabilities

    

Balance at December 31, 2021

$

Checkpoint Series A & B common stock warrants

7,640

Checkpoint placement agent warrants

278

Avenue common stock warrants

8,278

Urica placement agent warrants

90

Change in fair value of common stock warrants - Avenue

(5,669)

Change in fair value of common stock warrants - Checkpoint

3,252

Balance at December 31, 2022

13,869

Avenue common stock warrants

2,235

Urica placement agent warrants

33

Change in fair value of common stock warrants - Avenue

(4,258)

Change in fair value of common stock warrants - Checkpoint

(7,924)

Change in fair value of placement agent warrants - Urica

52

Exercise of common stock warrants - Checkpoint

(3,121)

Balance at December 31, 2023

$

886

Warrants to Purchase Common Stock [Member] | Checkpoint Common Stock Warrants  
Schedule of revaluation of warrant liability

Checkpoint

Warrant

($ in thousands)

Liability

Common stock warrant liabilities at December 31, 2021

$

-

Issuance of Checkpoint common warrants

7,640

Issuance of placement agent warrants

278

Change in fair value of common stock warrant liabilities

3,252

Common Stock Warrant liabilities at December 31, 2022

11,170

Change in fair value of common stock warrant liabilities

(7,924)

Exercise of common stock warrants

(3,121)

Common Stock Warrant liabilities at December 31, 2023

$

125

Warrants to Purchase Common Stock [Member] | Avenue Therapeutics, Inc [Member]  
Schedule of revaluation of warrant liability

Avenue

Warrant

($ in thousands)

Liability

Common stock warrant liabilities at December 31, 2021

$

-

Issuance of Avenue common warrants

8,278

Change in fair value of common stock warrant liabilities

(5,669)

Common Stock Warrant liabilities at December 31, 2022

2,609

Issuance of Avenue common warrants

2,235

Change in fair value of common stock warrant liabilities

(4,258)

Common Stock Warrant liabilities at December 31, 2023

$

586

Summary of the Weighted average Significant Unobservable Inputs

December 31, 

January 31

December 31

2023

2023

2022

Stock price

$ 0.16

$ 1.38

$ 1.16

Risk-free interest rate

    

3.84 - 4.23

%  

3.90

%  

4.02

%  

Expected dividend yield

 

 

 

 

Expected term in years

 

2.1 - 3.8

 

3.00

 

4.78

 

Expected volatility

 

148 - 175

%  

160

%  

93

%  

Series A Warrants | Checkpoint Common Stock Warrants  
Summary of the Weighted average Significant Unobservable Inputs

December 31, 

October 4,

December 31,

Checkpoint Warrants

2023

2023

2022

Exercise price

$

5.41

$

1.76

$

4.08 - 5.41

Volatility

96.4

%

91.4 - 99.6

%

82.4 - 89.4

%

Expected life

4.0

0.7 - 4.2

1.5 - 5.0

Risk-free rate

3.8

%

4.7 - 5.4

%

4.0 - 4.7

%