v3.26.1
FAIR VALUE MEASUREMENTS - Fair value of the derivative liability and preferred stock determined by using option pricing models assumptions (Details)
Jun. 22, 2026
Y
May 13, 2026
Y
Mar. 30, 2026
Y
Mar. 18, 2026
Y
Expected term (years)        
FAIR VALUE MEASUREMENTS        
Fair value of derivative liability and preferred stock 2.99 2.5 3 0.5
Fair value of preferred stock 10   10  
Risk-free interest rate        
FAIR VALUE MEASUREMENTS        
Fair value of derivative liability and preferred stock 0.0416 0.0399 0.0378 0.0367
Fair value of preferred stock 0.0441   0.0426  
Expected volatility        
FAIR VALUE MEASUREMENTS        
Fair value of derivative liability and preferred stock 0.50 0.50 0.50 0.50
Fair value of preferred stock 0.50   0.50  
Expected dividend yield        
FAIR VALUE MEASUREMENTS        
Fair value of derivative liability and preferred stock 0 0 0 0
Fair value of preferred stock 0   0