Derivative Financial Instruments (Tables) - Forge Nano, Inc.
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3 Months Ended |
12 Months Ended |
Mar. 31, 2026 |
Dec. 31, 2025 |
| Derivative Financial Instruments |
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| Summary of warrants |
| | | | | | | | | | | | Warrant Shares | | | March 31, | | December 31, | | | 2026 | | 2025 | Beginning balance | | 313,127 | | 339,299 | Granted | | — | | — | Exercised | | — | | (26,172) | Expired | | — | | — | Ending balance | | 313,127 | | 313,127 |
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| | | | | | | | | | | | Warrant Shares | | | 2025 | | 2024 | Beginning balance | | 339,299 | | 404,729 | Granted | | — | | — | Exercised | | (26,172) | | (65,430) | Expired | | — | | — | Ending balance | | 313,127 | | 339,299 |
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| Summary of fair value of derivatives |
| | | | | | | | | | | | | | | | March 31, | | December 31, | | | 2026 | | 2025 | Derivatives not designated as hedging instruments: | | | | | | | Conversion feature embedded in convertible debt (Note 16) | | $ | — | | $ | — | Warrants issued in conjunction with the 2023 issuances of Series C preferred stock and long-term debt | | | 5,830 | | | 5,624 | Total derivatives not designated as hedging instruments | | $ | 5,830 | | $ | 5,624 |
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| | | | | | | | | | | | | | | | 2025 | | 2024 | Derivatives not designated as hedging instruments: | | | | | | | Conversion feature embedded in convertible debt (Note 16) | | $ | — | | $ | 393 | Warrants issued in conjunction with the 2023 issuances of Series C preferred stock and long-term debt | | | 5,624 | | | 6,264 | Total derivatives not designated as hedging instruments | | $ | 5,624 | | $ | 6,657 |
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| Summary of inputs and assumptions were used to value the warrants |
The following inputs and assumptions were used to value the warrants during as of March 31, 2026 and December 31, 2025: | | | | | | | | | | | | | | Warrants | | | | March 31, | | December 31, | | | | 2026 | | 2025 | | Expected volatility | | 50.00 | % | 50.00 | % | Risk-free rate | | 4.17 | % | 4.17 | % | Event date | | June 4, 2026 | | June 4, 2026 | | Term (in years) | | 0.18 | | 0.68 | |
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The following inputs and assumptions were used to value the warrants during as of December 31, 2025 and 2024: | | | | | | | | | | Warrants | | | | 2025 | | 2024 | | Expected volatility | | | 50.00 | % | | 50.00 | % | Risk-free rate | | | 4.17 | % | | 4.58 | % | Event date | | | June 4, 2026 | | | December 5, 2024 | | Term (in years) | | | 0.68 | | | 0.93 | |
| | | | | | | | | | | | | | | | | | Conversion Feature | | | | 2025 | | 2024 | | Expected volatility | | | — | | | 50.00 | % | Risk-free rate | | | — | | | 3.80 | % | Event date | | | — | | | July 5, 2024 | | Term (in years) | | | — | | | 2.53 | |
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| Summary of gain or loss recognized in the statement of operations attributable to derivative instruments |
| | | | | | | | | | | | | | | | | | | | Amount of Loss Recognized in Earnings | | Reported in Statement | | | March 31, 2026 | | March 31, 2025 | | of Operations | Derivative – conversion feature embedded in convertible debt (Note 16) | | $ | — | | $ | — | | Interest expense | Change in fair market value | | | 206 | | | (536) | | Interest expense |
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| | | | | | | | | | | | | | | | | | | | Amount of Loss Recognized in Earnings | | Reported in Statement | | | 2025 | | 2024 | | of Operations | Derivative - conversion feature embedded in convertible debt (Note 16) | | $ | — | | $ | — | | Interest expense | Change in fair market value | | | 536 | | | 366 | | Interest expense |
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