v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of recurring basis to determine the fair value of the liability
                    
   Fair value measured as of March 31, 2026 
   Fair value on   Quoted prices in active markets   Significant other observable inputs   Significant unobservable inputs 
   March 31, 2026   (Level 1)   (Level 2)   (Level 3) 
Assets                
Money market funds  $18,750,408   $18,750,408   $–   $– 
                     
Liabilities                    
Warrant liability  $45   $–   $–   $45 
Schedule of liabilities measures at fair value
    
   Warrant Liability 
Balance - January 1, 2026  $63 
Change in fair value   (18)
Balance - March 31, 2026  $45 
Schedule of assumptions
            
  

As of

Issuance

Warrant Liability

  

As of

March 31, 2026

Warrant Liability (1)

  

As of

December 31, 2025

Warrant Liability (2)

 
Strike Price  $10.02   $–   $– 
Contractual term (years)   5.0    –    – 
Volatility (annual)   80.0%    –    – 
Risk-free rate   3.5%    –    – 
Floor Financing price  $8.00   $–   $– 

 

(1) The warrant liability as of March 31, 2026 was measured at fair value based on the Company’s closing market price of $3.27 per share as of that date, applied to the number of warrant shares outstanding.
   
(2) The warrant liability as of December 31, 2025 was measured at fair value based on the Company’s closing market price of $4.60 per share as of that date, applied to the number of warrant shares outstanding.