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

 

Fair Value Measurements at March 31, 2026 using:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

11,754

 

 

$

-

 

 

$

-

 

 

$

11,754

 

Total cash equivalents

 

$

11,754

 

 

$

-

 

 

$

-

 

 

$

11,754

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Common stock warrant liability

 

$

-

 

 

$

-

 

 

$

701

 

 

$

701

 

Total liabilities

 

$

-

 

 

$

-

 

 

$

701

 

 

$

701

 

 

 

Fair Value Measurements at December 31, 2025 using:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

6,640

 

 

$

-

 

 

$

-

 

 

$

6,640

 

Total cash equivalents

 

$

6,640

 

 

$

-

 

 

$

-

 

 

$

6,640

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Common stock warrant liability

 

$

-

 

 

$

-

 

 

$

604

 

 

$

604

 

Total liabilities

 

$

-

 

 

$

-

 

 

$

604

 

 

$

604

 

Schedule of Level 3 Liabilities Measured at Fair Value on a Recurring Basis

Fair value as of December 31, 2025

 

$

604

 

Change in fair value

 

 

97

 

Fair value as of March 31, 2026

 

$

701

 

Schedule of Fair Value of Assumption

The following table details the assumptions used in the Monte Carlo simulation to estimate the fair value of the common stock warrant liability:

 

 

March 31, 2026

 

 

December 31, 2025

 

Stock price

 

$

1.01

 

 

$

0.84

 

Expected volatility

 

100.0% - 105.0%

 

 

102.0% - 122.0%

 

Expected term (years)

 

0.00 - 2.51

 

 

0.00 - 2.76

 

Risk-free interest rate

 

3.70% - 3.80%

 

 

3.53% - 3.67%

 

Dividend rate

 

- %

 

 

- %