Debt (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
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| Debt Instrument [Line Items] |
|
| Summary of Convertible Notes |
The following table presents the 2024 CP BF Convertible Note as of March 31, 2026 and December 31, 2025:
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As of |
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March 31, 2026 |
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December 31, 2025 |
|
Face value of the CP BF convertible notes |
|
$ |
8,759 |
|
|
$ |
8,759 |
|
Debt premium, net |
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|
— |
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|
|
— |
|
Carrying value of the CP BF convertible notes |
|
|
8,759 |
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|
|
8,759 |
|
Accrued interest |
|
|
1,752 |
|
|
|
1,558 |
|
Prepayments made |
|
|
(5,012 |
) |
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|
(5,012 |
) |
Conversions |
|
|
(382 |
) |
|
|
(382 |
) |
Total CP BF convertible notes and accrued interest |
|
$ |
5,117 |
|
|
$ |
4,923 |
|
|
| Schedule of Private Placement Offerings |
The following table presents the maturity date, the original principal amount, the net proceeds received by the Company after original issue discount and issuance fees and costs, the initial conversion price per share, and the initial conversion floor price per share at the date of closing for each Note, and the number of warrants and the initial exercise price per share for each Buyer Warrant associated with the Private Placement Offering:
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Private Placement Notes |
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Private Placement Warrants |
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Closing Date |
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Note Issued by
the Company |
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Maturity Date of the Note |
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Original Principal Amount of the Note |
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Net Proceeds Received by the Company |
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Initial Conversion Price per Share |
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Initial Conversion Floor Price per Share |
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Warrants Issued by the Company |
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Number of Buyer Warrants Issued by the Company |
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Initial Buyer Warrant Exercise Price per Share |
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June 30, 2025 |
|
June 3i Note |
|
June 30, 2026 |
|
$ |
2,200 |
|
|
$ |
1,725 |
|
|
$ |
50.00 |
|
|
$ |
2.20 |
|
|
June Warrant |
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|
3,357 |
|
|
$ |
50.00 |
|
August 19, 2025 |
|
August 3i Note |
|
September 19, 2026 |
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|
2,200 |
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|
$ |
1,762 |
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|
$ |
50.00 |
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|
$ |
22.00 |
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August Warrant |
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|
6,306 |
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|
$ |
50.00 |
|
October 8, 2025 |
|
October 3i Note |
|
October 8, 2026 |
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|
2,500 |
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|
$ |
2,011 |
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|
$ |
50.00 |
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|
$ |
12.40 |
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|
October Warrant |
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|
20,000 |
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|
$ |
50.00 |
|
February 13, 2026 |
|
February 3i Note |
|
February 13, 2027 |
|
|
2,333 |
|
|
$ |
1,879 |
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|
$ |
22.20 |
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|
$ |
5.080 |
|
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February Warrant |
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|
21,021 |
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$ |
22.20 |
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Total |
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|
$ |
9,233 |
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|
$ |
7,377 |
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50,684 |
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| Agile Term Notes [Member] |
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| Debt Instrument [Line Items] |
|
| Summary of Notes |
The following presents the Agile Notes for the three months ended March 31, 2026:
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Agile Term Notes |
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Balance at December 31, 2025 |
|
$ |
1,728 |
|
Issuance of Agile term notes |
|
|
90 |
|
Loss on issuance |
|
|
30 |
|
Conversions |
|
|
(660 |
) |
Change in fair value |
|
|
111 |
|
Balance at March 31, 2026 |
|
$ |
1,299 |
|
|
|
|
|
Outstanding principal balance as of March 31, 2026 |
|
$ |
1,269 |
|
Accrued interest as of March 31, 2026 |
|
$ |
— |
|
|
| 1800 Diagonal Convertible Notes [Member] |
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| Debt Instrument [Line Items] |
|
| Summary of Notes |
The following table presents the 1800 Diagonal Notes three months ended March 31, 2026:
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1800 Diagonal |
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Balance at December 31, 2025 |
|
$ |
747 |
|
Issuance of convertible notes |
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|
414 |
|
Loss on debt issuance |
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|
19 |
|
Repayments in cash |
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|
(54 |
) |
Change in fair value |
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|
95 |
|
Conversions |
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|
(385 |
) |
Balance at March 31, 2026 |
|
$ |
836 |
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Outstanding principal balance as of March 31, 2026 |
|
$ |
703 |
|
Accrued interest as of March 31, 2026 |
|
$ |
72 |
|
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| Private Placement Offering (3i, LP) [Member] |
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| Debt Instrument [Line Items] |
|
| Summary of Notes |
The following table presents the Private Placement Convertible Notes as of March 31, 2026:
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|
3i, LP Notes |
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Balance as of December 31, 2025 |
|
$ |
1,856 |
|
Issuance of Private Placement Convertible Notes |
|
|
2,121 |
|
Loss on debt issuance |
|
|
1,039 |
|
Change in fair value |
|
|
(391 |
) |
Conversions |
|
|
(2,735 |
) |
Balance as of March 31, 2026 |
|
$ |
1,890 |
|
|
|
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|
Outstanding principal balance as of March 31, 2026 |
|
$ |
1,556 |
|
Accrued interest as of March 31, 2026 |
|
$ |
155 |
|
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| Boot Capital [Member] |
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| Debt Instrument [Line Items] |
|
| Summary of Notes |
The following table presents the Boot Capital Convertible Note as of March 31, 2026:
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Boot Capital |
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Balance at December 31, 2025 |
|
$ |
116 |
|
Change in fair value |
|
|
7 |
|
Balance at March 31, 2026 |
|
$ |
123 |
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|
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|
Outstanding principal balance as of March 31, 2026 |
|
$ |
100 |
|
Accrued interest as of March 31, 2026 |
|
$ |
14 |
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