v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

June 30, 2026

Level 1

Level 2

Level 3

Total Fair Value

Cash equivalents:

Money market funds

$

675,258

$

$

$

675,258

Total

$

675,258

$

$

$

675,258

December 31, 2025

Level 1

Level 2

Level 3

Total Fair Value

Cash equivalents:

Money market funds

$

665,582

$

$

$

665,582

Total

$

665,582

$

$

$

665,582

Schedule of Reconciliations of Recurring Fair Value Measurements

Three Months Ended June 30, 2025

Contingent value rights

Warrant liability

Contingent forward contract

Total

March 31, 2025

$

(292,901)

$

$

(5,406,033)

$

(5,698,934)

Additions

(9,399,054)

(9,399,054)

Warrant exercise

16,662,707

16,662,707

Fair value adjustments

6,271

(7,531,044)

789,588

(6,735,185)

Settlement

267,391

4,616,445

4,883,836

June 30, 2025

$

(286,630)

$

$

$

(286,630)

Six Months Ended June 30, 2025

Contingent value rights

Warrant liability

Embedded derivative liability

Contingent forward contract

Total

December 31, 2024

$

(312,080)

$

$

(82,281)

$

$

(394,361)

Additions

(9,399,054)

(5,515,525)

(14,914,579)

Extinguishment of debt

82,281

82,281

Warrant exercise

16,662,707

16,662,707

Fair value adjustments

25,450

(7,531,044)

899,080

(6,606,514)

Settlement

267,391

4,616,445

4,883,836

June 30, 2025

$

(286,630)

$

$

$

$

(286,630)