Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Measurements

Schedule of asset and liabilities measured at fair value on recurring and nonrecurring basis


					Fair value measurement at reporting date using
					Quoted prices in
					active markets			Significant other			Significant
					for identical			observable			unobservable
		Balance			assets (Level 1)			inputs (Level 2)			inputs (Level 3)
As of June 30, 2026:
Recurring fair value measurements
Equity and debt securities:
Route1, Inc.		$	277		$	—		$	277		$	—
Total equity and debt securities			277			—			277			—
Total recurring fair value measurements		$	277		$	—		$	277		$	—

As of December 31, 2025
Recurring fair value measurements
Equity and debt securities:
Route1		$	112		$	—		$	112		$	—
Marketable securities			7			7			—			—
Total equity and debt securities			119			7			112			—
Derivatives:
Derivative liability			3,870			—			—			3,870
Total derivatives			3,870			—			—			3,870
Total recurring fair value measurements		$	3,989		$	7		$	112		$	3,870
Nonrecurring fair value measurements
Property, plant and equipment		$	1,665		$	—		$	—		$	1,665
Operating lease right-of-use asset			1,039			—			—			1,039
Convertible senior secured note			6,689			—			—			6,689
Total nonrecurring fair value measurements		$	9,393		$	—		$	—		$	9,393

Schedule of change in the fair value of warrant liability and bifurcated embedded derivative liability


Balance on January 1, 2026			3,870
Change in fair value of bifurcated embedded derivative			5,584
Extinguishment of convertible preferred stock with bifurcated embedded derivative			(9,454)
Balance on June 30, 2026		$	—

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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