Fair Value Measurements (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Fair Value Measurements |
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| Summary of recurring measurements for assets and liabilities at fair value |
| | | | | | | | | | | | | | | | Convertible Notes | | | Warrant Liabilities | | | Contingent Consideration | | | Derivative Liability | | | | (Level 3) | | | (Level 3) | | | (Level 3) | | | (Level 3) | | | | | | | | | | | | | | Balance, January 1, 2026 | | $ | 34,600 | | $ | 3,276 | | $ | 42 | | $ | 14,879 | Issuance of warrants | | | — | | | 17,688 | | | — | | | — | Change in fair value | | | 8,940 | | | (9,597) | | | (15) | | | 1,743 | Exchange of convertible notes | | | (41,785) | | | — | | | — | | | — | Settlement of derivative liability | | | — | | | — | | | — | | | (16,622) | Balance, June 30, 2026 | | $ | 1,755 | | $ | 11,367 | | $ | 27 | | $ | — |
| | | | | | | | | | | | | Convertible Notes | | | Warrant Liabilities | | | Contingent Consideration | | | | (Level 3) | | | (Level 3) | | | (Level 3) | | | | | | | | | | | Balance, January 1, 2025 | | $ | 11,689 | | $ | 1,187 | | $ | 3,541 | Issuance of warrants | | | — | | | 93,986 | | | — | Change in fair value | | | 3,485 | | | (86,187) | | | (3,472) | Warrant cashless exercise | | | — | | | (6,865) | | | — | Balance, June 30, 2025 | | $ | 15,174 | | $ | 2,121 | | $ | 69 |
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| Series A and B warrants |
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| Fair Value Measurements |
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| Summary of significant inputs as of the valuation dates |
| | | | | | | | | | | | | June 30, | | December 31, | | 2026 | | 2025 | | | Series A | | | Series B | | | Series A | | | Series B | | | (Level 3) | | | (Level 3) | | | (Level 3) | | | (Level 3) | Stock Price | $ | 0.72 | | $ | 0.72 | | $ | 1.10 | | $ | 1.10 | Exercise Price | | 8.06 | | | — | | | 8.06 | | | 8.06 | Expected volatility | | 159.3% | | | 88.7% | | | 160.0% | | | 200.0% | Risk-free interest rate | | 4.2% | | | 4.0% | | | 3.6% | | | 3.5% | Expected life (in years) | | 3.7 | | | 1.0 | | | 4.0 | | | 1.5 | Expected dividend yield | | — | | | — | | | — | | | — |
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| Summary of activity for the Company's issued and outstanding warrants |
| | | | | | | Series A | | Series B | | | | | | Issued and Outstanding, January 1, 2026 | | 3,565,245 | | 62,263 | Number of warrants issued | | — | | — | Number of warrants exercised | | — | | — | Issued and Outstanding, June 30, 2026 | | 3,565,245 | | 62,263 |
| | | | | | | Series A | | Series B | | | | | | Issued and Outstanding, January 1, 2025 | | — | | — | Number of warrants issued | | 3,565,245 | | 3,565,245 | Number of warrants exercised | | — | | (3,438,095) | Issued and Outstanding, June 30, 2025 | | 3,565,245 | | 127,150 |
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| PIPE Warrants and Daewoong Warrants |
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| Fair Value Measurements |
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| Summary of significant inputs as of the valuation dates |
| | | | | | | | | | | | | June 30, | | January 27, | January 21, | | 2026 | | 2026 | 2026 | | | PIPE | | | Daewoong | | | PIPE | | | Daewoong | | | (Level 3) | | | (Level 3) | | | (Level 3) | | | (Level 3) | Stock Price | $ | 0.72 | | $ | 0.72 | | $ | 1.20 | | $ | 1.36 | Exercise Price | | 1.09 | | | 1.09 | | | 1.09 | | | 1.09 | Expected volatility | | 159.3% | | | 159.3% | | | 160.0% | | | 164.1% | Risk-free interest rate | | 4.2% | | | 4.2% | | | 3.6% | | | 3.9% | Expected life (in years) | | 4.6 | | | 4.6 | | | 5.0 | | | 5.0 | Expected dividend yield | | — | | | — | | | — | | | — |
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