v3.26.1
Fair Value (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Derivative Liabilities and the Contingent Earnout Fall
The following tables present the Company's financial instruments that are measured at fair value on a recurring basis:
Fair Value Measurements at June 30, 2026
Level 1Level 2Level 3Total
Anticipated Receivable $— $— $64,236 $64,236 
2022 Crom Warrants$— $— $10,000 $10,000 
Fair Value Measurements at December 31, 2025
Level 1Level 2Level 3Total
Anticipated Receivable$— $— $135,466 $135,466 
2022 Crom Warrants$— $— $262,000 $262,000 
Summary of Fair Value Measurements
Changes to these inputs could produce a significantly higher or lower fair value measurement. The fair value of the 2022 Crom Warrants is estimated using a binomial valuation model. The following assumptions were used for the period as follows:
June 30, 2026
Expected term - warrants
0.77 years
Stock price as of measurement date$0.72 
Volatility (observed)
66.73%
Incremental discount5.0 %
Selected volatility – post haircut
71.7%
Risk-free interest rate
3.98%