v3.26.1
Warrants (Tables)
12 Months Ended
Dec. 31, 2025
Warrants [Abstract]  
Schedule of Fair Value of Investor Warrants

The fair value of the Investor Warrants was determined using a binomial option pricing model with the following inputs:

 

   As of
October 14,
2025
   As of
December 31,
2025
 
Stock price  $1.59   $1.06 
Exercise price  $2.00   $2.00 
Expected term   2.5 years    1.93 years 
Risk-free rate   3.49%   3.48%
Expected volatility   58.80%   58.10%
Dividend rate   0.00%   0.00%
Dilution factor   1    1 
Fair value per share  $0.498   $0.153