v3.25.2
Fair value measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis (amounts in thousands):

 

 

 

June 30, 2025

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

Money market funds (included in cash equivalents)

 

$

5,131

 

 

$

 

 

$

 

 

 

 

December 31, 2024

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

Money market funds (included in cash equivalents)

 

$

6,115

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Warrant liability

 

$

 

 

$

1,055

 

 

$

 

Schedule of Change in Fair Value of the Warrant Liabilities The change in fair value of the warrant liabilities for the six months ended June 30, 2025 is as follows (amounts in thousands):

 

Balance at December 31, 2024

 

$

1,055

 

Additions

 

 

 

Change in fair value

 

 

(294

)

Reclassification to equity

 

 

(761

)

Balance at June 30, 2025

 

$