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