v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of the Company’s Financial Liabilities That are Measured at Fair Value On a Recurring Basis

The following table presents the fair value of the Company’s financial liabilities that are measured at fair value on a recurring basis as of March 31, 2026 and December 31, 2025 (in thousands):

 

   Level 1   Level 2   Level 3   Total 
   As of March 31, 2026 
   Level 1   Level 2   Level 3   Total 
Derivative liability  $-   $-   $490   $490 

 

   Level 1   Level 2   Level 3   Total 
   As of December 31, 2025 
   Level 1   Level 2   Level 3   Total 
Derivative liability  $-   $-   $50   $50 
Schedule of Changes in Fair Value

 

   Derivative liability 
Balance at January 1, 2026  $50 
Issuance of convertible debt   308 
Debt amendment   

418

 
Redemptions   (372)
Change in fair value   

86

 
Balance at March 31, 2026  $490 
Schedule of Fair Value Measurement Inputs and Valuation Techniques

 

   As of March 31, 2026   As of December 31, 2025 
Exercise price  $0.07   $0.76 
Expected term (years)   0.6    0.6 
Expected stock price volatility   154.5%   99.2%
Risk-free rate of interest   3.7%   3.6%
Expected dividend yield (per share)   0%   0%