v3.26.3
Fair Value of Financial Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2026
Short-Term Debt [Line Items]  
Schedule of Financial Assets and Liabilities Measures at Fair Value

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values:

 

   Level 1   Level 2   Level 3   Total 
   Fair Value Measurements as of June 30, 2026 
   Level 1   Level 2   Level 3   Total 
Liabilities:                    
Acquisition-related contingent consideration obligations  $-   $-   $1,413   $1,413 
December 2025 Convertible Note   -    -    2,862    2,862 
Warrant liability - July 2023 Registered Direct Warrants   -    -    188    188 
Warrant liability - April 2023 Registered Direct Warrants   -    -    154    154 
Warrant liability - May 2022 PIPE Warrants   -    -    81    81 
Warrant liability - Public Warrants   144    -    -    144 
Total fair value liabilities  $144   $-   $4,698   $4,842 

 

   Level 1   Level 2   Level 3   Total 
   Fair Value Measurements as of December 31, 2025 
   Level 1   Level 2   Level 3   Total 
                     
Liabilities:                    
Acquisition-related contingent consideration obligations  $—   $—   $1,413   $1,413 
December 2025 Convertible Note   —    —    2,687    2,687 
December 2025 Promissory Note   —    —    6,876    6,876 
Warrant liability - July 2023 Registered Direct Warrants   —    —    534    534 
Warrant liability - April 2023 Registered Direct Warrants   —    —    483    483 
Warrant liability - May 2022 PIPE Warrants   —    —    240    240 
Warrant liability - Public Warrants   288    —    —    288 
Bifurcated embedded derivative - Series A Preferred Stock   —    —    92    92 
Total fair value liabilities   288   $—   $12,325   $12,613 
Schedule of Reconciliation of Convertible Note Receivable Measured on Recurring Basis

The following table presents a reconciliation of contingent consideration obligations measured on a recurring basis using Level 3 inputs for the periods ended June 30, 2026 and December 31, 2025:

 

   Balance as of
January 1,
2026
   Net
transfers
in to (out of)
Level 3
   Purchases,
settlements
and other
net
   Fair value
adjustments
  

Balance as of June 30,

2026

 
Liabilities:                         
Acquisition-related contingent consideration obligations  $1,413   $—   $—   $—   $1,413 

 

   Balance as of
January 1,
2025
   Net
transfers
in to (out of)
Level 3
   Purchases,
settlements
and other
net
   Fair value
adjustments
   Balance as of December 31, 2025 
Liabilities:                         
Acquisition-related contingent consideration obligations  $1,413   $—   $—   $—   $1,413 
Schedule of Reconciliation of Short-term Debt Obligation Measured on Recurring Basis

The following table presents a reconciliation of short-term debt obligations measured on a recurring basis using Level 3 inputs for the year ended December 31, 2025 and six months ended June 30, 2026:

 

Liabilities:     
Balance as of January 1, 2026  $9,563 
Repayment of December 2025 Promissory Note   (7,042)
Fair value adjustment through earnings   341 
Balance as of June 30, 2026  $2,862 

 

Liabilities:     
Balance as of January 1, 2025  $2,485 
Issuance of December 2025 Convertible Note   2,804 
Issuance of December 2025 Promissory Note   6,861 
Conversion of unsecured senior convertible note into common shares   (922)
Settlement of Yorkville Convertible Promissory Note in connection with issuance of common stock   (3,469)
Fair value adjustment through earnings   1,809 
Fair value adjustment through accumulated other comprehensive income   (5)
Balance as of December 31, 2025  $9,563 
Schedule of Reconciliation of Warrant Liabilities Measured on Recurring Basis

The following table presents a reconciliation of the warrant liabilities measured on a recurring basis using Level 3 inputs for the six months ended June 30, 2026:

 

Warrant liabilities:     
Balance as of January 1, 2026  $1,257 
Gain recognized in earnings from change in fair value   (834)
Balance as of June 30, 2026  $423 
December 2025 Promissory Note [Member]  
Short-Term Debt [Line Items]  
Schedule of Convertible Note Valuation Model

Significant inputs for the December 2025 Promissory Note valuation model were as follows:

 

   December 31, 2025 
     
Likelihood of optional redemption   70.00%
Likelihood of optional redemption upon default   5.00%
Likelihood of default   5.00%
Yield   15.09%
December 2025 Convertible Note [Member]  
Short-Term Debt [Line Items]  
Schedule of Convertible Note Valuation Model

Significant inputs for the December 2025 Convertible Note valuation model were as follows:

 

   June 30, 2026   December 31, 2025 
         
Likelihood of optional conversion  20.00%   20.00%
Likelihood of dissolution   15.00%   15.00%
Yield   23.01%   14.98%