v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of recurring basis to determine the fair value of the liability
                     
   Fair value measured as of June 30, 2026
   Fair value on  Quoted prices in active markets  Significant other observable inputs  Significant unobservable inputs
   June 30, 2026  (Level 1)  (Level 2)  (Level 3)
Assets            
Money market funds  $15,707,747   $15,707,747   $   $ 
                     
Liabilities                    
Warrant liability  $45   $   $   $45 
Schedule of liabilities measures at fair value
    
   Warrant Liability
Balance - January 1, 2026  $63 
Change in fair value   (18)
Balance - June 30, 2026  $45 
Schedule of assumptions
                
   As of Issuance Warrant Liability  As of June 30, 2026
Warrant Liability
(1)
  As of December 31, 2025
Warrant Liability
(2)
Strike Price  $10.02   $   $ 
Contractual term (years)   5.0         
Volatility (annual)   80.0%         
Risk-free rate   3.5%         
Floor Financing price  $8.00   $   $ 

 

(1) The warrant liability as of June 30, 2026 was measured at fair value based on the Company’s closing market price of $2.88 per share as of that date, applied to the number of warrant shares outstanding.
   
(2) The warrant liability as of December 31, 2025 was measured at fair value based on the Company’s closing market price of $4.60 per share as of that date, applied to the number of warrant shares outstanding.