v3.26.1
Common Stock Warrants (Tables)
6 Months Ended
Jun. 30, 2026
Common Stock Warrants [Abstract]  
Schedule of Common Stock Warrant Activity

The following table summarizes common stock warrant activity for the six months ended June 30, 2026:

 

    Number of
warrants
    Weighted
Average
Exercise Price
 
Outstanding at December 31, 2025     10,176,273     $ 1.08  
Retroactive application of reverse recapitalization     (5,073,888 )         
Outstanding at December 31, 2025     5,102,385       2.15  
Issued     5,250,146       0.55  
Exercised     (2,030,812 )     0.02  
Outstanding at June 30, 2026     8,321,719     $ 1.66  
Schedule of Fair Value of Common Stock Warrants

The fair value of common stock warrants issued was estimated using the following assumptions:

 

    Six months ended
June 30,
2026
 
Expected term (in years)     5-10  
Expected volatility     65%  
Risk-free rate     3.9% - 4.3%  
Dividend yield