v3.26.1
Derivative Liability (Tables)
3 Months Ended
Mar. 31, 2026
Derivative Liability  
Schedule of reconciliation of the derivative liability associated with the Series A Preferred Stock

The following table presents changes in Level 3 liabilities measured at fair value for three months ended March 31, 2026 (in thousands):

March 31, 2026

Derivative liability, beginning of period

$

2,749

Change in the fair value of derivative liability

35

Derivative liability, end of period

$

2,784

Schedule of assumptions to value the derivative components

March 31, 2026

December 31, 2025

Expected term (in years)

1.75

2.00

Expected volatility

77

%  

80

%  

Risk-free interest rate

3.69

%  

3.41

%  

Expected dividend yield

0

%  

0

%  

Market discount rate

15.78

%  

14.79

%  

Fair value of common stock

4.25

4.15