v3.25.4
Company Description and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Company Description and Summary of Significant Accounting Policies [Abstract]  
Fair Value of Financial Instruments Measured on a Recurring Basis
   
As of December 31, 2025
 
Description
 
Total
   
Level 1
   
Level 2
   
Level 3
 
Assets:
                       
Short-term investments
 
$
*
 
$
*
 
$
   
$
 
Total assets at fair value
 
$
*
 
$
*
 
$
   
$
 
Liabilities:
                               
Warrant liabilities
  $
25,985     $
    $
    $ 25,985  
Total liabilities at fair value
  $
25,985     $     $
    $ 25,985  

  *De minimis value

   
As of December 31, 2024
 
Description
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Assets:
                 
Short-term investments
 
$
2
   
$
2
   
$
   
$
 
Total assets at fair value
 
$
2
   
$
2
   
$
   
$
 
Liabilities:
                               
Derivative liability
  $
2     $
    $
    $
 2
 
Total liabilities at fair value
  $
2     $
    $
    $
 2
 
Short-Term Investments, Warrant Liabilities and Derivative Liabilities Measured on a Recurring Basis
The following tables provides a roll-forward of short-term investments, warrant liabilities, and derivative liabilities measured at fair value on a recurring basis using observable Level 1 and Level 3 inputs, as applicable, for the years ended December 31, 2025 and 2024 (in thousands):

 
 
2025
   
2024
 
Short-term investments
           
Balance as of beginning of period
 
$
2
   
$
15
 
Unrealized loss
   
(2
)
   
(13
)
Balance as of end of period
 
$
   
$
2
 

 
 
2025
   
2024
 
Warrant liabilities
           
Balance as of beginning of period
 
$
   
$
 
Issuance of March 2025 Warrants and March 2025 Private Placement Warrants
   
15,520
     
 
Exercises
    (1,052 )      
Change in fair value
    11,517      
 
Balance as of end of period
 
$
25,985
   
$
 

 
2025
 
2024
 
Other derivative liabilities
       
Balance as of beginning of period
 
$
2
   
$
74
 
Change in fair value
   
(2
)
   
(72
)
Balance as of end of period
 
$
   
$
2