Fair value measurements |
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair value measurements | 8. Fair value measurements The fair value of the 2025 Convertible note, net, as of June 30, 2025, is comprised of a single financial liability in which the Company elected the fair value option under ASC 825, with changes in fair value recorded in Changes in fair value of financial liabilities, net in the condensed consolidated statement of operations from continuing operations for the three and six months ended on June 30, 2025. The following tables summarize the fair value hierarchy of the Company’s financial liabilities measured at fair value on a recurring basis as of June 30, 2025, and December 31, 2024.
As of June 30, 2025, the fair value of the 2025 Convertible Note was estimated at $415. and it has been recorded in the condensed consolidated balance sheet as Current Financial Liabilities, net from continuing operations The Company estimated and recorded the fair value of the 2025 Convertible Note upon its issuance date of April 21, 2025. The fair value of the 2025 Convertible Note as of inception date and June 30, 2025, were based on a Monte Carlo Simulation of stock price of the Company on a daily basis and a discounted cash flow model that incorporates the amortization schedule, contingent on the daily simulated stock price. The valuation utilized significant Level 3 unobservable inputs, including implied yield, volatility, and risky discount rate. Other significant assumptions include risk-free rate, principal value, the Company’s common stock price and maturity date. Significant judgment is required in selecting the significant inputs and assumptions. Actual assumptions may differ from our current estimates and such differences could materially impact fair value of the 2025 Convertible Note. The significant inputs to the calculation of the 2025 Convertible Note were as follows.
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