FAIR VALUE MEASUREMENTS - Fair value of the derivative liability and preferred stock determined by using option pricing models assumptions (Details) |
Mar. 30, 2026
Y
|
Mar. 18, 2026
Y
|
|---|---|---|
| Expected term (years) | ||
| FAIR VALUE MEASUREMENTS | ||
| Fair value of derivative liability and preferred stock | 3 | 0.5 |
| Fair value of preferred stock | 10 | |
| Risk-free interest rate | ||
| FAIR VALUE MEASUREMENTS | ||
| Fair value of derivative liability and preferred stock | 0.0378 | 0.0367 |
| Fair value of preferred stock | 0.0426 | |
| Expected volatility | ||
| FAIR VALUE MEASUREMENTS | ||
| Fair value of derivative liability and preferred stock | 0.50 | 0.50 |
| Fair value of preferred stock | 0.50 | |
| Expected dividend yield | ||
| FAIR VALUE MEASUREMENTS | ||
| Fair value of derivative liability and preferred stock | 0 | 0 |
| Fair value of preferred stock | 0 |