v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Measurements [Abstract]  
Schedule of Company’s Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

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

 

       March 31,   December 31, 
Description  Level   2026   2025 
Assets:            
SEPA put rights asset (Note 10)   3   $
-
   $155 
Schedule of Black Scholes Model As a result, as of March 31, 2026, the fair value of SEPA put rights asset was deemed de minimis. As of December 31, 2025, the fair value of the put rights under each advance notice was estimated using the Black Scholes model, incorporating the following assumptions:
   December 31, 
   2025 
Stock price  $4.23 
Risk-free interest rate   3.5 to 3.7%
Exercise price   4.06 
Expected term (in years)   0.25 to 0.92 
Expected volatility    78-86%
Expected dividend yield   0%
Number of shares under each advance notice   27,100 
Schedule of Changes in the Fair Value of Level 3 Financial Assets and Liabilities

The changes in the fair value of Level 3 financial assets and liabilities for the three months ended March 31, 2026 are as follows: 

 

   SEPA
Put Rights
Asset
 
Fair value as of January 1, 2026  $96 
Change in fair value   (96)
Fair value as of March 31, 2026  $0