v3.26.1
Stockholders' Deficit (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Stockholders’ Deficit [Abstract]    
Schedule of Warrants Granted Using the Black-Scholes Valuation Model

The Company estimated the fair value of the warrants granted during the three months ended March 31, 2026 using the Black-Scholes valuation model with the following assumptions:

 

    For the Three Months Ended
    March 31,   March 31,
    2026   2025
         
Risk free interest rate   3.58%-3.82%   4.25%-4.37%
Expected term (years)   3.92-5.00   1.50-7.00
Expected volatility   80.5%-82.8%   86.0%-98.0%
Expected dividends   0%   0%

The Company estimated the fair value of the warrants granted using the Black-Scholes valuation model with the following assumptions:

 

    For the Years Ended  
    December 31,  
    2025     2024  
             
Risk-free interest rate     3.64% - 4.37%       N/A  
Expected term (years)     1.00 - 7.00       N/A  
Expected volatility     86.0% - 108.0%       N/A  
Expected dividends     0.00%       N/A  
Schedule of Information Related to Warrants

The following table presents information related to warrants as of March 31, 2026:

 

Class of Warrants   Quantity     Exercise Price     Expiration Date
Investor A     1,080,814     $ 4.40     9/30/2026
Investor B     543,206     $ 6.566     2/11/2030
Placement Agent     270,204     $ 4.40     2/11/2032
Investor A     319,528     $ 4.40     9/30/2026
Investor B     160,591     $ 6.566     3/31/2030
Placement Agent     79,882     $ 4.40     3/31/2032
Original     56,815     $ 4.40     2/11/2030
Exchange     75,755     $ 3.30     2/11/2030
Placement Agent     33,040     $ 5.00     *
Total     2,619,835              

 

* The placement agent warrants related to the closings of the Follow-on Offering are reserved for issuance upon the final closing of the Follow-on Offering with the expiration dates determined accordingly.

The following table presents information related to warrants as of December 31, 2025:

 

Class of Warrants   Quantity     Exercise
Price
    Expiration
Date
Investor A     1,080,814     $ 4.40     2/11/2026
Investor B     542,462     $ 6.575     2/11/2026
Placement Agent     270,204     $ 4.40     2/11/2032
Investor A     319,528     $ 4.40     3/31/2026
Investor B     160,372     $ 6.575     3/31/2030
Placement Agent     79,882     $ 4.40     3/31/2032
Original     56,815     $ 4.40     2/11/2030
Exchange     75,755     $ 3.30     2/11/2030
Placement Agent     20,000     $ 5.00     12/23/2032
                     
Total     2,605,832