Fair Value Measurements |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Fair Value Measurements | 11) Fair Value Measurements The Company maintains cash in checking and money market accounts with financial institutions. The Company considers all highly liquid investments purchased with an original maturity of three months or less from the time they are acquired to be cash equivalents. The Company had approximately $3.3 million of cash equivalents as of June 30, 2026, and approximately $4.7 million as of December 31, 2025. Fair value measurements discussed herein are based upon certain market assumptions and pertinent information available to management as of June 30, 2026. The carrying amounts of cash equivalents, other current assets, other assets, accounts payable, and accrued expenses approximated their fair values as of June 30, 2026, due to their short-term nature. During the six months ended June 30, 2026, the remaining warrants expired and the Company no longer has any warrant liabilities. The following table details the Company’s financial instruments that are required to be remeasured at fair value on a recurring basis and their fair value hierarchy as of June 30, 2026:
The following table provides a roll forward of the fair value of the warrant liability noted above:
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