Fair Value Measures and Disclosures - Valuation Assumptions (Details)
|
|
3 Months Ended |
|
|
|
Mar. 20, 2026
USD ($)
|
Mar. 31, 2026
USD ($)
|
Jan. 23, 2026
USD ($)
|
Dec. 31, 2025
USD ($)
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Warrants fair value |
|
$ 795
|
|
|
| Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances |
|
15,928,574
|
|
|
| Number of Monte Carlo simulation trials |
100,000
|
|
|
|
| Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value |
|
$ 16,335,089
|
$ 1,795,491
|
$ 0
|
| Estimated Fair Value, "With" Scenario |
2,002
|
|
|
|
| Estimated Fair Value, "Without" Scenario |
1,598
|
|
|
|
| Series B Preferred Stock Fair Value, "With" Scenario |
$ 11,210,000
|
|
|
|
| Series B Preferred Stock Fair Value, "Without" Scenario |
$ 8,950,000
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques |
|
Significant inputs used in the model to derive the provisional fair value used as of December 31, 2025 are as follows: | | | | | | | | | | Estimated term | | 1 year | | Estimated annual volatility of underlying stock | | 46 | % | | Risk-free interest rate | | 3.5 | % |
inputs used in the model at March 31, 2026 are as follows: | | | | | | | | | | Estimated term | | 1 year | | Estimated annual volatility of underlying stock | | 50 | % | | Risk-free interest rate | | 3.7 | % |
Significant inputs used in the model at January 23, 2026 are as follows: | | | | | | | | | | Expected revenue volatility | | 4.8 | % | | Revenue discount rate | | 4.5 | % | | Risk-free interest rate | | 3.4 | % |
Significant inputs used in the model at March 31, 2026 are as follows: | | | | | | | | | | Estimated term | | 1 year | | Estimated annual volatility | | 60 | % | | Annual variance | | 36 | % | | Risk-free interest rate | | 3.6 | % | | Strike price for each underlying share | | $ | 1,000 | |
Significant inputs used in the model at March 31, 2026 are as follows: | | | | | | | | | | Common Stock price | | $ | 3.03 | | | Simulation Term | | 5 years | | Risk-free interest rate | | 3.87 | % | | Expected annual volatility | | 60 | % | | Annual dividend rate | | 5% - 18% |
Significant inputs used in to the model at March 20, 2026 are as follows: | | | | | | | | | | Common Stock price | | $ | 4.38 | | | Simulation Term | | 5 years | | Risk-free interest rate | | 3.96 | % | | Expected annual volatility | | 60 | % | | Annual dividend rate | | 5% - 18% |
|
|
|
| Measurement Input, Risk Free Interest Rate [Member] |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Convertible Preferred Stock, Measurement Input |
4.38
|
3.03
|
|
|
| Estimated term |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Convertible Preferred Stock, Measurement Input |
5
|
5
|
|
|
| Derivative Liability, Measurement Input |
|
5.28
|
|
|
| Estimated annual volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Convertible Preferred Stock, Measurement Input |
0.60
|
0.60
|
|
|
| Measurement Input, Annual Variance [Member] |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Convertible Preferred Stock, Measurement Input |
0.0396
|
0.0387
|
|
|
| Minimum | Annual dividend rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Convertible Preferred Stock, Measurement Input |
0.05
|
0.05
|
|
|
| Maximum | Annual dividend rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Convertible Preferred Stock, Measurement Input |
0.18
|
0.18
|
|
|
| Wes Beheer Warrant |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value |
|
$ 1,766,515
|
$ 1,795,491
|
|
| Wes Beheer Warrant | Measurement Input, Risk Free Interest Rate [Member] |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Warrants and Rights Outstanding, Measurement Input |
|
0.037
|
|
0.035
|
| Wes Beheer Warrant | Estimated term |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Warrants and Rights Outstanding, Measurement Input |
|
1
|
|
1
|
| Wes Beheer Warrant | Measurement Input, Estimated Annual Volatility of Underlying Stock |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Warrants and Rights Outstanding, Measurement Input |
|
0.50
|
|
0.46
|
| Preferred Stock Purchase Warrant |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances |
$ 5,970,000
|
|
|
|
| Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value |
|
$ 4,450,000
|
|
|
| Preferred Stock Purchase Warrant | Measurement Input, Risk Free Interest Rate [Member] |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Warrants and Rights Outstanding, Measurement Input |
|
0.036
|
|
|
| Preferred Stock Purchase Warrant | Estimated term |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Warrants and Rights Outstanding, Measurement Input |
|
1
|
|
|
| Preferred Stock Purchase Warrant | Estimated annual volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Warrants and Rights Outstanding, Measurement Input |
|
0.60
|
|
|
| Preferred Stock Purchase Warrant | Measurement Input, Annual Variance [Member] |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Warrants and Rights Outstanding, Measurement Input |
|
0.36
|
|
|
| Preferred Stock Purchase Warrant | Strike price for each underlying share |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Warrants and Rights Outstanding, Measurement Input |
|
1,000
|
|
|
| Circle8 Contingent Consideration |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances |
|
$ 2,098,574
|
|
|
| Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value |
|
2,098,574
|
|
|
| Circle8 Contingent Consideration | Measurement Input, Risk Free Interest Rate [Member] |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Business Combination, Contingent Consideration, Liability, Measurement Input [Extensible Enumeration] |
|
|
3.40%
|
|
| Circle8 Contingent Consideration | Measurement Input, Revenue Discount Rate |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Business Combination, Contingent Consideration, Liability, Measurement Input [Extensible Enumeration] |
|
|
4.50%
|
|
| Circle8 Contingent Consideration | Measurement Input, Expected Revenue Volatility |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Business Combination, Contingent Consideration, Liability, Measurement Input [Extensible Enumeration] |
|
|
4.80%
|
|
| Derivative |
|
|
|
|
| Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
| Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances |
$ 2,260,000
|
2,260,000
|
|
|
| Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value |
|
$ 2,420,000
|
|
|