v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured At Fair Value On Recurring Basis The fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis was determined using the following inputs as of June 30, 2026 and December 31, 2025:

 

 

As of June 30, 2026

 

(In thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

9,972

 

 

$

 

 

$

 

 

$

9,972

 

Total assets

 

$

9,972

 

 

$

 

 

$

 

 

$

9,972

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liabilities

 

$

487

 

 

$

173

 

 

$

2,344

 

 

$

3,004

 

Other non-current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

 

 

 

 

 

 

 

1,553

 

 

 

1,553

 

Total liabilities

 

$

487

 

 

$

173

 

 

$

3,897

 

 

$

4,557

 

 

 

 

As of December 31, 2025

 

(In thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

28,836

 

 

$

 

 

$

 

 

$

28,836

 

Total assets

 

$

28,836

 

 

$

 

 

$

 

 

$

28,836

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liabilities

 

$

928

 

 

$

330

 

 

$

1,514

 

 

$

2,772

 

Other non-current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

 

 

 

 

 

 

 

1,382

 

 

 

1,382

 

Total liabilities

 

$

928

 

 

$

330

 

 

$

2,896

 

 

$

4,154

 

Schedule of Reconciliation from Operating Balances to Closing Balances for Level 3 Values

The following table sets forth a reconciliation from the opening balances to the closing balances for Level 3 values:

 

(In thousands)

 

Warrants

 

 

Contingent Consideration

 

Balance at December 31, 2025

 

$

1,514

 

 

$

1,382

 

Change in fair value

 

 

830

 

 

 

171

 

Balance at June 30, 2026

 

$

2,344

 

 

$

1,553