Quarterly report [Sections 13 or 15(d)]

Fair Value Measurements (Tables)

v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Warrant Liability

The table below presents a summary of changes in fair value of the warrant liability that was measured at fair value on a recurring basis:

 

    Warrant Liability  
Balance at January 31, 2025      
Issuance of warrants reported at fair value     2,942  
Change in fair value     3,161  
Reclassification to equity     (6,103 )
Balance at June 30, 2025      
Schedule of Warrant Liability

The warrant liabilities were valued on the various measurement dates during the six months ended June 30, 2025 using the following range of assumptions:

 

Expected volatility     54.0% - 61.0 %
Risk-free interest rate     3.77% – 4.39 %
Stock price on valuation date   $ 0.52 - 0.94  
Exercise price   $ 0.64  
Dividend yield     0.00 %
Expected term     4.8 - 5.0 years