v3.26.1
Fair Value Measures (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

At June 30, 2026 and December 31, 2025, the Company’s assets and liabilities measured at fair value on a recurring basis were as follows:

 

    June 30, 2026     December 31, 2025  
    Fair Value Measurements Using Input Types     Fair Value Measurements Using Input Types  
(In thousands)   Level 1     Level 2     Level 3     Total     Level 1     Level 2     Level 3     Total  
Liabilities:                                                
Warrant liabilities   $ —     $ —     $ 824     $ 824     $ —     $ —     $ 697     $ 697  
Total liabilities   $ —     $ —     $ 824     $ 824     $ —     $ —     $ 697     $ 697  
Schedule of Assumptions Used in Valuations

The following table summarizes the Company’s assumptions used in the valuations as of June 30, 2026 and December 31, 2025:

 

    June 30,
2026
  December 31,
2025
Stock price   $25.48   $21.34
Exercise price   $0.14 - $22,440   $0.14 - $22,440
Expected term (in Years)   0.58 - 1.64   1.08 - 2.14
Volatility   159.4%   163.0%
Discount rate - treasury yield   3.98 - 4.06%   3.47 - 3.48%
Schedule of Changes in Fair Value of Level-3 Warrant Liabilities

The following table sets forth a summary of the changes in the fair value of the Level 3 warrant liabilities for the six months ended June 30, 2026 and for the year ended December 31, 2025:

 

    Six months ended
June 30,
2026
    For the year ended
December 31,
2025
 
Warrant liabilities - beginning of period   $ 697     $ 996  
Change in estimated fair value     127       (299 )
Warrant liabilities end of period   $ 824     $ 697