REDEEMABLE CONVERTIBLE PREFERRED STOCK (Tables)

3 Months Ended

Mar. 31, 2026

Temporary Equity Disclosure [Abstract]

Schedule of Significant Inputs Used in the Valuation of the Derivative Liability

The level 3 fair value inputs used in the valuation of the derivative liabilities associated with the Redeemable Convertible Preferred Stock were as follows:


	March 31, 2026						December 31, 2025
	Series A Derivative Liability			Series B Derivative Liability			Series A Derivative Liability			Series B Derivative Liability
Volatility	40.0		%	40.0		%	40.0		%	40.0		%
Credit spread	24.5		%	24.5		%	23.9		%	23.9		%
Stock price	$	9.53		$	9.53		$	10.57		$	10.57
Term (in years)	3.0			3.4			3.2			3.6
Risk-free rate	3.8		%	3.8		%	3.5		%	3.6		%