v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Measurements (Details) [Line Items]  
Schedule of Fair Value on Recurring Basis

The following table presents information about the Company’s financial instruments that are measured at fair value on a recurring basis at March 31, 2026 and December 31, 2025, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

 

 

 

 

 

Description

 

Level

 

March 31, 2026

 

December 31, 2025

Assets:

 

 

 

 

 

 

Bifurcated embedded derivative asset – related party

 

3

 

$—

 

$9

Definite-lived intangibles

 

3

 

7,737

 

8,027

Goodwill

 

3

 

21,992

 

21,992

Liabilities:

 

 

 

 

 

 

Warrant liabilities – public

 

1

 

—

 

—

GEM warrant liabilities

 

3

 

—

 

—

Earnout liability (Note 4)

 

3

 

500

 

991

Yorkville convertible note

 

3

 

571

 

1,200

Agile term notes

 

3

 

1,299

 

1,728

1800 Diagonal convertible notes

 

3

 

836

 

747

Private Placement Convertible Notes

 

3

 

1,890

 

1,856

Private Placement Warrants

 

3

 

1,250

 

296

Bifurcated embedded derivative liability – related party

 

3

 

13

 

9

Boot Capital note

 

3

 

123

 

116
Summary of Changes in Fair Value of Yorkville Convertible Note

The following table summarizes the changes in the fair value of the Yorkville convertible notes for the year ended March 31, 2026:

 

 

 

Yorkville Convertible Note

 

Balance at December 31, 2025

 

$

1,200

 

Repayment in cash of Yorkville convertible notes

 

 

(647

)

Change in fair value

 

 

18

 

Balance at March 31, 2026

 

$

571

 
Summary of Ranges of Inputs in Fair Value of the Private Placement Warrant Liability

The following tables summarize the ranges of inputs to and the changes in the fair value of the Private Placement Warrant liability for the three months ended March 31, 2026:

 

Key Inputs

 

March 31, 2026

 

 

 

 

 

Stock price

 

$

0.95

 

Contractual term (years)

 

2.25 - 4.87

 

Risk-free rate

 

3.8% - 3.9%

 

Volatility(1)

 

113% - 125.3%

 

Exercise Price

 

$0.66 - $2.50

 

Dividend yield

 

 

0.00

%
Summary of Changes in Fair Value of Private Placement Warrant Liability

 

 

Private Placement Warrants

 

Balance at December 31, 2025

 

$

296

 

Loss on issuance – February Warrant

 

 

559

 

Change in fair value

 

 

395

 

Balance at March 31, 2026

 

$

1,250

 
CP BF Convertible Notes [Member]  
Fair Value Measurements (Details) [Line Items]  
Schedule of Derivative Asset (Liability)

The following table summarizes the changes in the fair value of the Derivative asset (liability) for the three months ended March 31, 2026, relating to the Convertible Note to CP BF issued on September 23, 2024:

 

 

 

Derivative Asset (Liability)

 

Balance at December 31, 2025 - Bifurcated embedded derivative asset – related party

 

$

9

 

Change in fair value

 

 

(22

)

Balance at March 31, 2026 - Bifurcated embedded derivative liability – related party

 

$

(13

)
Public Warrants Liability [Member]  
Fair Value Measurements (Details) [Line Items]  
Summary of Changes in the Fair Value of the Warrants Liability

The following table summarizes the changes in the fair value of the Public Warrants liability for the year ended March 31, 2026. See also Note 12 – Warrant Liabilities.

 

 

 

Public Warrants

 

Balance at December 31, 2025

 

$

—

 

Change in fair value

 

 

—

 

Balance at March 31, 2026

 

$

—

 
GEM Warrants Liability [Member]  
Fair Value Measurements (Details) [Line Items]  
Summary of Changes in the Fair Value of the Warrants Liability

The following table summarizes the changes in the fair value of the GEM Warrants liability for the year ended March 31, 2026:

 

 

 

GEM Warrants

 

Balance at December 31, 2025

 

$

-

 

Change in fair value

 

 

—

 

Balance at March 31, 2026

 

$

—