MAIA Biotechnology, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Fair Value of Financial Liabilities (Tables)

Fair Value of Financial Liabilities (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2023

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements of Embedded Derivative Liabilities and Warrant Liabilities

Financial liabilities consisting of warrant liabilities measured at fair value on a recurring basis are summarized below. The fair value of the warrant liabilities recorded are as follows:


	Fair value at March 31, 2023
	Total		Level 1		Level 2		Level 3
Liabilities:
Warrant liability		224,399		—		—		224,399

Total liabilities	$	224,399	$	—	$	—	$	224,399

Financial liabilities consisting of warrant liabilities measured at fair value on a recurring basis are summarized below. The fair value of the warrant liabilities recorded are as follows:


	Fair value at December 31, 2022
	Total		Level 1		Level 2		Level 3
Liabilities:
Warrant liability		245,341		—		—		245,341

Total liabilities	$	245,341	$	—	$	—	$	245,341

Schedule of Changes in Fair Value of the Derivative Liabilities and Warrant Liabilities

The table below provides a summary of the changes in fair value of the warrant liabilities measured on a recurring basis using significant unobservable inputs (Level 3):


	Years Ended March 31,
	2023			2022
Warrant liabilities:
Balance, beginning of period	$	245,341		$	—
Warrant liability					—
Gain on fair value of warrant liability		(20,942	)		—
Reclassification of warrant liability to equity		—			—

Balance, end of period	$	224,399		$	—

The table below provides a summary of the changes in fair value of the derivative liabilities related to Convertible notes using significant unobservable inputs (level 3):


	Year Ended December 31,
	2022		2021
Derivative liabilities:
Balance, beginning of period	$	—	$	127,000
Derivative liability on convertible notes payable		—		2,821,000
Loss (Gain) on fair value of embedded features		—		203,000
Extinguishment of derivative liability in connection with debt conversion		—		(3,151,000	)

Balance, end of period	$	—	$	—

The table below provides a summary of the changes in fair value of the warrant liabilities measured on a recurring basis using significant unobservable inputs (Level 3):


	Years Ended December 31,
		2022			2021
Warrant liabilities:
Balance, beginning of period	$	—		$	85,260
Warrant liability		343,735			320,460
(Gain) loss on fair value of warrant liability		(98,394	)		1,546,280
Reclassification of warrant liability to equity		—			(1,952,000	)

Balance, end of period	$	245,341		$	—