v3.26.1
Fair value of financial instruments (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities
The debt derivative liability is currently the only financial instrument recorded at fair value on a recurring basis in the accompanying balance sheets. The following table presents information about those measurements:
Type of measurementMeasurement dateType of measurement
Level 1Level 2Level 3
Liabilities
Debt derivative liabilityRecurringJune 30, 2026— — 30,922 
Debt derivative liabilityRecurringDecember 31, 2025— — 26,564 
Schedule of Fair Value Reconciliation of Level 3
The following table presents the rollforward reconciliation of this level 3 recurring fair value measurement:
Three months endedSix months ended
June 30,
2026
May 25,
2025
June 30,
2026
May 25,
2025
Balance at beginning of period$29,719 $23,900 $26,564 $23,300 
Change in fair value recorded in earnings
1,203 1,091 4,358 1,691 
Balance at end of period$30,922 $24,991 $30,922 $24,991 
Schedule of Derivative Liabilities Assumptions
Key inputs used to develop the fair value measurement were as follows:
June 30,
2026
December 31,
2025
Probability of change in control event80.0 %80.0 %
Weighted average discount rate20.7 %17.6 %