Annual report [Section 13 and 15(d), not S-K Item 405]

Fair Value Measurements (Tables)

v3.26.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2024   $  
Issuance of warrants reported at fair value     2,942  
Change in fair value     3,161  
Reclassification to equity     (6,103 )
Balance at December 31, 2025   $  
Schedule of Warrant Liability

The warrant liabilities were valued on the various measurement dates during the year ended December 31, 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