v3.26.1
Derivative Liability (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Liability  
Schedule of reconciliation of the derivative liability associated with the Series A Preferred Stock

The following table presents changes in Level 3 liabilities measured at fair value for the six months ended June 30, 2026 (in thousands):

June 30, 2026

Beginning balance, January 1, 2026

$

2,749

Change in the fair value of derivative liability

(289)

Ending balance, June 30, 2026

$

2,460

Schedule of assumptions to value the derivative components

June 30, 2026

December 31, 2025

Expected term (in years)

1.50

2.00

Expected volatility

84

%  

80

%  

Risk-free interest rate

3.98

%  

3.41

%  

Expected dividend yield

0

%  

0

%  

Market discount rate

22.35

%  

14.79

%  

Fair value of common stock

4.32

4.15