Related Party |
6 Months Ended |
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Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party | Note 7 – Related Party
Since the company’s establishment, the company’s founder and CEO has also been the largest investor who participated - either directly or through entities under his control - in all funding rounds in a total amount of approximately $44.67 million.
In 2023, the Company entered into Unsecured Convertible Revolving Promissory Note (the “Note”) with its main shareholder in the amount of up to $3,000. At any time, the Noteholder may, in its sole discretion, lend to the Company from time to time until the first-year anniversary of the Effective Date such amounts as may be requested by the Company in accordance with the terms and conditions of this Note. The principal amount outstanding under this Note from time to time shall bear interest at a rate per annum equal to the Applicable Federal Rate.
During the six months ended June 30, 2026 and 2025, the Company repaid $765 and $319, respectively, of the outstanding balance under the Revolving Promissory Note. As of June 30, 2026 and December 31, 2025, the outstanding balance under the Revolving Promissory Note was $0 and $765, respectively.
The total interest expenses recorded in the three months ended June 30, 2026 and 2025 were $0 and $14, respectively. The total interest expenses recorded in the six months ended June 30, 2026 and 2025 were $2 and $30, respectively.
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