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Investments and Fair Value measurements (Tables) | 3 Months Ended
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Mar. 31, 2026
Subsidiary of Limited Liability Company or Limited Partnership [Line Items] |
Schedule of investments recorded at fair value on a recurring basis | The following tables present the recurring fair value measurements of our financial assets by hierarchy level at March 31, 2026 and December 31, 2025 (in thousands):
|  | Fair Value Measurements Using |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
March 31, 2026 |  |  |  |  |  |  |  |  |  |  |  |
Note |  | $ | — |  |  | $ | — |  |  | $ | 4,455 |  |  | $ | 4,455 |
Warrant |  |  | — |  |  |  | — |  |  |  | 928 |  |  |  | 928 |
|  | $ | — |  |  | $ | — |  |  | $ | 5,383 |  |  | $ | 5,383 |
|  | Fair Value Measurements Using |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Note |  | $ | — |  |  | $ | — |  |  | $ | 4,241 |  |  | $ | 4,241 |
Warrant |  |  | — |  |  |  | — |  |  |  | 1,124 |  |  |  | 1,124 |
|  | $ | — |  |  | $ | — |  |  | $ | 5,365 |  |  | $ | 5,365 |
Schedule of Significant Unobservable Inputs for Level 3 Fair Value Measurement | The following table presents quantitative information about the significant unobservable inputs applied to the recurring Level 3 fair value measurements of our financial assets at March 31, 2026 and December 31, 2025:
|  |  |  | March 31, |  | December 31,
Asset |  | Significant Unobservable Inputs |  | 2026 |  | 2025
Note |  | Expected term (years) |  | 4.3 |  | 4.5
|  | Implied yield |  | 21.7% |  | 21.7%
Warrant |  | Expected term (years) |  | 4.3 |  | 4.5
|  | Expected volatility |  | 62.0% |  | 62.0%
|  | Risk-free rate |  | 3.9% |  | 3.7%
|  | Expected dividend yield |  | 0.0% |  | 0.0%
Schedule of reconiliation of the financial instruments measured at fair value using Level 3 significant unobservable inputs | The following table summarizes the changes in the carrying amounts of the Note and the Warrant (both of which are measured at fair value using Level 3 significant unobservable inputs) during the three months ended March 31, 2026 (in thousands):
|  | Note |  |  | Warrant |
Balances at January 1, 2026 |  | $ | 4,241 |  |  | $ | 1,124 |
Accretion of discount |  |  | 74 |  |  |  | — |
Interest paid-in-kind |  |  | 138 |  |  |  | — |
Unrealized gains (losses): |  |  |  |  |  |
Recorded in Net loss |  |  | — |  |  |  | (196 | )
Recorded in Other comprehensive income |  |  | 2 |  |  |  | — |
Total unrealized gains (losses) |  |  | 2 |  |  |  | (196 | )
Balances at March 31, 2026 |  | $ | 4,455 |  |  | $ | 928 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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