v3.26.1
Convertible Notes (Tables)
 6 Months Ended
Jun. 30, 2026
Convertible Notes [Abstract]  
Schedule of Convertible Notes The major assumptions used in the Monte Carlo Model are as follows:
   Initial Note Issuance   Reporting date   Second Note Issuance   Third Note Issuance   Reporting date 
   December 10,
2025		   December 31,
2025		   May 14,
2026		   June 5,
2026		   June 30,
2026		 
Risk-free interest rate   3.5981%   3.5656%   NA*   4.1321%   4.1892%
Expected life   2 years    1.94 years    2 years    2 years    1.93 years 
Share price  $11.4440   $6.1020   $5.6400   $2.9400   $4.3800 
Volatility   65.55%   65.98%   NA*   63.98%   56.28%
Conversion Multiple Threshold   1.17x   1.17x   NA*   1.22x   1.22x

 

*As the Second Note was immediately converted into equity upon purchase, the relevant assumptions are not applicable.
Schedule of Sensitivity Analysis

Sensitivity analysis of the Initial Note

 

    1.10x   1.17x   1.20x 
As of December 10, 2025   10,613    11,124    11,415 
As of December 31, 2025   10,478    11,126    11,415 

 

*As of June 30, 2026, the First Note had been fully converted into equity. Therefore, there was no outstanding balance of the First Note as of June 30, 2026, and no sensitivity analysis was required.

Sensitivity analysis of the Third Note

 

    1.20x   1.22x   1.30x
As of June 5, 2026   2,763    2,924    3,026 
AS of June 30, 2026   2,983    2,985    3,005