v3.26.1
Warrant Liability and Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Warrant Liability and Fair Value Measurements  
Summary of activity in the warrant liability

 

 

Amount

 

Fair value of warrant liability – January 1, 2025

 

$538,822

 

New warrants issued

 

 

 483,156

 

Change in fair value recognized in earnings

 

 

(521,978)

Fair value of warrant liability – December 31, 2025

 

$500,000

 

Schedule of warrant liability measured at fair value

Fair Value Hierarchy

 

2025

 

 

2024

 

Level 1

 

$

 

 

$

 

Level 2

 

 

 

 

 

 

Level 3

 

 

500,000

 

 

 

538,822

 

Total Fair Value

 

$500,000

 

 

$538,822

 

Schedule of rollforward of Level 3 warrant liability

 

 

Amount

 

Balance at January 1, 2025

 

$538,822

 

New warrants issued

 

 

 483,156

 

Fair value adjustments recognized in earnings

 

 

(521,978)

Balance at December 31, 2025

 

$500,000