v3.26.1
Fair Value Measures (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Measures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

At March 31, 2026 and December 31, 2025, the Company’s assets and liabilities measured at fair value on a recurring basis were as follows:

 

   March 31, 2026   December 31, 2025 
   Fair Value Measurements Using Input Types   Fair Value Measurements Using Input Types 
(In thousands)  Level 1   Level 2   Level 3   Total   Level 1   Level 2   Level 3   Total 
Liabilities:                                
Warrant liabilities  $
   $
   $592   $592   $
   $
   $697   $697 
Total liabilities  $
   $
   $592   $592   $
   $
   $697   $697 
Schedule of Assumptions Used in Valuations

The following table summarizes the Company’s assumptions used in the valuations as of March 31, 2026 and December 31, 2025:

 

   March 31,
2026
   December 31,
2025
 
Stock price   $18.30    $21.34 
Exercise price    $0.14 - $22,440      $0.14 - $22,440  
Expected term (in Years)    0.83 - 1.89      1.08 - 2.14  
Volatility   160.7%    163.0% 
Discount rate - treasury yield    3.68 - 3.79%      3.47 - 3.48%  
Schedule of Changes in Fair Value of Level-3 Warrant Liabilities

The following table sets forth a summary of the changes in the fair value of the Level 3 warrant liabilities for the three months ended March 31, 2026 and for the year ended December 31, 2025:

 

   Three months
ended
March 31, 2026
   For the year
ended
December 31, 2025
 
Warrant liabilities - beginning of period  $697   $996 
Change in estimated fair value   (105)   (299)
Warrant liabilities end of period  $592   $697