v3.26.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of fair value on a recurring basis

As of

December 31, 2025

Level 1

Level 2

Level 3

Total

Derivative liability - BTI Warrants

$

$

1,436

$

354

$

1,790

Derivative liability - OnkosXcel Warrants

Total derivative liabilities

$

$

1,436

$

354

$

1,790

As of

December 31, 2024

Level 1

Level 2

Level 3

Total

Derivative liability - BTI Warrants

$

$

6,593

$

$

6,593

Derivative liability - OnkosXcel Warrants

40

40

Total derivative liabilities

$

$

6,593

$

40

$

6,633

Schedule of changes in Level 3 liabilities

Year ended

December 31, 

2025

2024

Derivative liabilities, Balance - January 1

$

40

$

1,905

Termination of derivative liabilities - Equity Investment Right

(1,263)

Addition of derivative liabilities - BTI Warrant (March 2025 Accompanying Warrants)

2,831

Addition of derivative liabilities - Option Warrant

369

Termination of derivative liabilities - Option Warrant

(369)

Reclassification of derivative liabilities - BTI Warrant to permanent equity upon exercise

(11,548)

Change in fair value

9,031

(602)

Derivative liabilities, Balance - December 31

$

354

$

40

Schedule of fair value unobservable inputs

Equity Investment Right

Strike price relative to volume weighted 30-day average

110.0

%

Volatility (annual)

112.3

%

Probability of exercise

91.0

%

Time period

1.3

years

Estimated premium to 30-day average

24.0

%

Discount rate

4.26

%

Schedule of warrants outstanding

Warrant Recipient

Warrant Type

Issue Date

Exercise Price

Number of Warrants

Classification

Lenders and Purchasers

Closing Date Warrants

4/19/2022

$

7.68

17

Equity

Lenders and Purchasers

2023 Warrants

12/5/2023

$

7.68

4

Equity

Lenders and Purchasers

2024 Warrants

3/20/2024

$

7.68

6

Equity

Armistice Capital Master Fund Ltd.

Accompanying Warrants

3/27/2024

$

9.136

534

Derivative Liability

Armistice Capital Master Fund Ltd.

Accompanying Warrants

3/27/2024

$

51.20

5

Derivative Liability

Armistice Capital Master Fund Ltd.

November 2024 Accompanying Warrants

11/25/2024

$

7.68

846

Derivative Liability

Heights Capital Management

November 2024 Accompanying Warrants

11/25/2024

$

7.68

27

Derivative Liability

Hudson Bay Capital Management

November 2024 Accompanying Warrants

11/25/2024

$

7.68

27

Derivative Liability

IntraCoastal Capital, LLC

November 2024 Accompanying Warrants

11/25/2024

$

7.68

13

Derivative Liability

Murchison Capital Partners, LP and assignees

March 2025 Accompanying Warrants

3/4/2025

$

4.20

1,700

Derivative Liability

Total warrants issued

3,179