v3.26.3
Fair Value Measures (Tables)
9 Months Ended
Sep. 30, 2026
Fair Value Measures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

At September 30, 2026 and December 31, 2025, the Company’s assets and liabilities measured at fair value on a recurring basis were as follows:

 

    September 30, 2026     December 31, 2025  
    Fair Value Measurements Using Input Types     Fair Value Measurements Using Input Types  
(In thousands)   Level 1     Level 2     Level 3     Total     Level 1     Level 2     Level 3     Total  
Liabilities:                                                
Warrant liabilities   $ —     $ —     $ 675     $ 675     $ —     $ —     $ 697     $ 697  
Total liabilities   $ —     $ —     $ 675     $ 675     $ —     $ —     $ 697     $ 697  
Schedule of Assumptions Used in Valuations

The following table summarizes the Company’s assumptions used in the valuations as of September 30, 2026 and December 31, 2025:

 

    September 30,
2026
    December 31,
2025
 
Stock price     $20.97       $21.34  
Exercise price      $0.14 - $22,440        $0.14 - $22,440  
Expected term (in Years)     0.33 - 1.41       1.08 - 2.14  
Volatility     156.7%     163.0%  
Discount rate - treasury yield      4.2 - 4.7%       3.5%  
Schedule of Changes in Fair Value of Level-3 Warrant Liabilities

The following table sets forth a summary of the changes in the fair value of the Level 3 warrant liabilities for the nine months ended September 30, 2026 and for the year ended December 31, 2025:

 

    Nine months
ended
September 30,
2026
    For the
year ended
December 31,
2025
 
Warrant liabilities - beginning of period   $ 697     $ 996  
Change in estimated fair value     (22 )     (299 )
Warrant liabilities end of period   $ 675     $ 697