v3.26.1
Fair Value Measurements
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements

6. Fair Value Measurements

 

The following table presents our liabilities that are measured and recognized at fair value on a recurring basis classified under the appropriate level of the fair value hierarchy at June 30, 2026 and December 31, 2025.

 

Description  Fair value   (Level 1)   (Level 2)   (Level 3) 
   Fair Value Measurement at Reporting Date Using 
Description  Fair value   (Level 1)   (Level 2)   (Level 3) 
As of June 30, 2026:                    
Derivative liabilities related to warrants  $156,164   $   $156,164   $ 
                     
As of December 31, 2025:                    
Derivative liabilities related to warrants  $103,022   $   $103,022   $ 

 

The unrealized gains or losses on the derivative liabilities are recorded as a change in fair value of derivative financial instruments—warrants in our consolidated statement of operations. See Note 4 for a rollforward of the derivative liability for the six months ended June 30, 2026.