v3.26.1
Derivative Financial Instruments (Tables) - Forge Nano, Inc.
12 Months Ended
Dec. 31, 2025
Derivative Financial Instruments  
Summary of warrants

Warrant Shares

  ​ ​ ​

2025

  ​ ​ ​

2024

Beginning balance

 

339,299

404,729

Granted

 

Exercised

 

(26,172)

(65,430)

Expired

 

Ending balance

 

313,127

339,299

Summary of fair value of derivatives

  ​ ​ ​

2025

  ​ ​ ​

2024

Derivatives not designated as hedging instruments:

 

  ​

  ​

Conversion feature embedded in convertible debt (Note 16)

$

$

393

Warrants issued in conjunction with the 2023 issuances of Series C preferred stock and long-term debt

 

5,624

 

6,264

Total derivatives not designated as hedging instruments

$

5,624

$

6,657

Summary of inputs and assumptions were used to value the warrants The following inputs and assumptions were used to value the warrants during as of December 31, 2025 and 2024:

  ​ ​ ​

Warrants

 

  ​ ​ ​

2025

  ​ ​ ​

2024

Expected volatility

 

50.00

%

50.00

%

Risk-free rate

 

4.17

%

4.58

%

Event date

June 4, 2026

December 5, 2024

Term (in years)

 

0.68

 

0.93

  ​ ​ ​

Conversion Feature

 

  ​ ​ ​

2025

  ​ ​ ​

2024

Expected volatility

 

50.00

%

Risk-free rate

 

3.80

%

Event date

July 5, 2024

Term (in years)

 

 

2.53

Summary of gain or loss recognized in the statement of operations attributable to derivative instruments

Amount of Loss Recognized in Earnings

Reported in Statement

  ​ ​ ​

2025

2024

  ​ ​ ​

of Operations

Derivative - conversion feature embedded in convertible debt (Note 16)

$

$

Interest expense

Change in fair market value

 

536

 

366

 

Interest expense