v3.26.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Summary of Securities that were Excluded from the Diluted Per Share

Potentially dilutive securities, which are not included in diluted weighted average shares outstanding for the periods ended December 31, 2025 and 2024, consist of the following (in common stock equivalents):

December 31,

 

2025

 

 

2024

 

Common Stock options

 

102,879

 

 

 

147,110

 

Common Stock warrants

 

447,673

 

 

 

154,744

 

Total Common Stock equivalents

 

550,552

 

 

 

301,854

 

Schedule of Other Financial Assets and Liabilities Recorded in Balance Sheet at Fair Value Other financial assets and liabilities are categorized based on a hierarchy of inputs as follows:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

Fair Value

 

 

Carrying Value

 

 

Estimated Fair Value

 

 

Carrying Value

 

 

Estimated Fair Value

 

 

Input Hierarchy

Money market accounts

 

$

25,689

 

 

$

25,689

 

 

$

25,374

 

 

$

25,374

 

 

Level 1

Earnout liabilities

 

 

152,049

 

 

 

152,049

 

 

 

 

 

 

 

 

Level 3

Schedule of Changes in Fair Value of Level 3 Financial Assets and Liabilities

Changes in the fair value of Level 3 financial assets and liabilities for the year ended December 31, 2025 are as follows:

 

Earnout Liabilities:

 

 

 

Balance, beginning of year

 

$

 

Initial recognition

 

 

301,633

 

Change in fair value

 

 

(149,584

)

Balance, end of period

 

$

152,049

 

Schedule of Fair Value of Earnout Liability

The fair value of the earnout liability associated with the sale of inventory was estimated using the following assumptions:

 

 

 

December 31, 2025

 

January 16, 2025

Discount rate

 

21%

 

21%

Probability of milestone achievement

 

100%

 

100%

Expected term (in years)

 

1.00

 

1.00

The fair value of the earnout liability associated with the hair and scalp products was estimated using the following assumptions:

 

 

December 31, 2025

 

January 16, 2025

Discount rate

 

21%

 

21%

Probability of milestone achievement

 

25%

 

75%

Expected term (in years)

 

1.04

 

2.00