v3.26.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
Fair Value Measurements [Abstract]  
FAIR VALUE MEASUREMENTS

NOTE 7. FAIR VALUE MEASUREMENTS 

 

The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

 

  Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

 

  Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

 

  Level 3: Unobservable inputs based on an assessment of the assumptions that market participants would use in pricing the asset or liability.

 

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2025 and 2024, and indicate the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

 

Description  December 31,
2025		   Quoted Prices
in Active
Markets
(Level 1)		   Significant
Other
Observable
Inputs
(Level 2)		   Significant
Other
Unobservable
Inputs
(Level 3)		 
Assets:                
Cash Equivalents  $1,063,828   $1,063,828   $
         —
   $
            —
 
Liabilities:                    
Derivative Warrant Liabilities – Public Warrants  $1,750   $
—
   $1,750   $
—
 
                     
Derivative Warrant Liabilities – Private Placement Warrants  $1,230   $
—
   $1,230   $
—
 

 

Description  December 31,
2024		   Quoted Prices
in Active
Markets
(Level 1)		   Significant
Other
Observable
Inputs
(Level 2)		   Significant
Other
Unobservable
Inputs
(Level 3)		 
Assets:                
Cash Equivalents  $1,083,831   $1,083,831   $
             —
   $
             —
 
Liabilities:                    
Derivative Warrant Liabilities – Public Warrants  $1,750   $
—
   $1,750   $
—
 
                     
Derivative Warrant Liabilities – Private Placement Warrants  $1,230   $
—
   $1,230   $
—
 

 

The fair value of the Company’s Public Warrants at December 31, 2025 and 2024, is based on observable inputs. As of December 31, 2025 and 2024, the Public Warrants are classified as a level 2 measurement due to the low trading volume. As of December 31, 2025 and 2024, the measurement of the Private Warrants is classified as Level 2 due to the use of an observable market quote for a similar asset in an active market.

 

The aforementioned warrant liabilities are not subject to qualified hedge accounting.

 

Transfers to/from Levels 1, 2 and 3 are recognized at the end of the reporting period in which a change in valuation technique or methodology occurs. There were no transfers during the years ended December 31, 2025 and 2024.