| | | | | | | |
| | | Year Ended December 31, | ||||
| | 2023 | 2022 | ||||
| Risk-free interest rate | | 3.45% - 4.86% | | | 1.70% - 4.01% | |
| Expected term | | 5.5 - 6.1 years | | 6 years | ||
| Expected volatility | | 89.3% - 92.5% | | | 88.4% - 90.0% | |
| Expected dividend yield | | — | | — | ||
| Estimated fair value of the Company's common stock per share | | $ | 2.71 - 4.86 | $ | 2.28 | |
| Board Diversity Matrix (As of March 22, 2024) | ||||||||||||||
| Board Size: | ||||||||||||||
| Total Number of Directors | 6 | |||||||||||||
| Female | Male | Non-Binary | Did not Disclose Gender | |||||||||||
| Gender Identity: | ||||||||||||||
| Directors | 1 | 4 | — | 1 | ||||||||||
| Number of Directors Who Identify in Any of the Categories Below: | ||||||||||||||
| African American or Black | — | — | — | — | ||||||||||
| Alaskan Native or Native American | — | — | — | — | ||||||||||
| Asian | — | 1 | — | — | ||||||||||
| Hispanic or Latinx | — | — | — | — | ||||||||||
| Native Hawaiian or Pacific Islander | — | — | — | — | ||||||||||
| White | — | 2 | — | — | ||||||||||
| Two or More Races or Ethnicities | — | — | — | — | ||||||||||
| LGBTQ+ | — | |||||||||||||
| Persons with Disabilities | — | |||||||||||||
| Did Not Disclose Demographic Background | 3 | |||||||||||||
