v3.26.1
Standby Equity Purchase Agreement and Convertible Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Fair Value Asset Measuring Non-recurring Basis

The following key assumptions were used in the Monte Carlo Simulation valuation at each measurement date:

 

Assumption  December 31, 2025   June 30, 2026 
Stock Price (VWAP)  $74.25   $

15.75

 
Volatility   ~65%   ~75

%

Risk-Free Rates   3.4% – 4.7%   3.9% – 4.8%
Schedule of Summary of Activity and Fair Value Measurement

A summary of activity of the Convertible Notes, which represent the Level III fair value measurements, is presented below:

 

   Notes 
Balance at December 31, 2025  $5,298,068 
Repayments   (472,375)
Fair value change   (1,282)
Balance at March 31, 2026  $4,824,411 
Repayments   (2,746,844)
Fair value change   

(549,098

)

Balance at June 30, 2026  $1,528,469