v3.26.1
Warrants (Tables)
6 Months Ended
Jun. 30, 2026
Warrants [Abstract]  
Schedule of Stockholders' Equity Note, Warrants or Rights
The summary of stock warrant activity is as follows:
Number of Warrants
Weighted
Average
Exercise
price ($)
Weighted
Average
Grant-Date
Fair Value
($)
Weighted
Average
Remaining
Contractual
Life (in Years)
Warrants outstanding as of January 1, 20251,439,9621.02 1.72 2.31
Granted195,6969.36 7.83 
Exercised(872,100)0.27 1.78 
Warrants outstanding as of December 31, 2025763,5584.20 3.47 2.94
Granted91,68823.15 13.41 
Exercised(4,167)3.00 1.97 
Warrants outstanding as of June 30, 2026851,0796.23 4.52 2.52
Warrants exercisable as of June 30, 2026776,4344.42 3.44 2.50
Fair Value Measurement Inputs and Valuation Techniques The Black-Scholes model utilized the following inputs to value the warrants granted: 
June 30, 2026
December 31, 2025
Warrant Valuation Assumptions:
Risk-free interest rate3.9%
-
4.1%3.5%-3.7%
Expected term (years)2.92
-
3.002.83-3.42
Expected volatility89.0%
-
94.0%117.0%-123.0%
Expected dividend yield—%—%