Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Measurements [Abstract]

Schedule of Liabilities Subject to Fair Value Measurements

Liabilities subject to fair value measurements that are valued on a recurring basis are as follows:


		As of June 30, 2026
		Level 1				Level 2				Level 3				Total
Liabilities
Earnout Shares liability		$	—			$	—			$	7,161,000			$	7,161,000
Subject Vesting Shares liability			—				—				3,469,000				3,469,000
Total liabilities		$	—			$	—			$	10,630,000			$	10,630,000

Schedule of Estimated Fair Value Earnout Shares

See the following summary of key inputs:


		As of June 30, 2026				As of December 31, 2025
Stock Price		$	5.54			$	3.94
Volatility			52.0	%			39.0	%
Risk free rate of return			4.2	%			3.6	%
Discount rate			22.5	%			20.5	%
Expected term (in years)			2.7				3.2

Schedule of Earnout Share Liability

The following table presents the changes in the fair value of the Earnout Shares liability:


		Six Months Ended June 30, 2026
Earnout Shares liability as of December 31, 2025		$	6,196,000
Change in fair value			965,000
Balance as of June 30, 2026		$	7,161,000

Schedule of Vesting Shares Liability

The following table presents the changes in the fair value of the Subject Vesting Shares liability:


		Six Months Ended June 30, 2026
Subject Vesting Shares liability as of December 31, 2025		$	1,180,000
Change in fair value			2,289,000
Balance as of June 30, 2026		$	3,469,000