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Fair Value Measures (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Measures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | At September 30, 2025 and December 31, 2024, the Company’s assets and liabilities measured at fair value on a recurring basis were as follows:
|  | September 30, 2025 |  |  | December 31, 2024 |
|  | 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 |  | $ | — |  |  | $ | — |  |  | $ | 1,368 |  |  | $ | 1,368 |  |  | $ | — |  |  | $ | — |  |  | $ | 996 |  |  | $ | 996 |
Total liabilities |  | $ | — |  |  | $ | — |  |  | $ | 1,368 |  |  | $ | 1,368 |  |  | $ | — |  |  | $ | — |  |  | $ | 996 |  |  | $ | 996 |
Schedule of Company’s Assumptions Used in the Valuations | The following table summarizes the Company’s assumptions used in the valuations as of September 30, 2025 and December 31, 2024:
|  | September 30, 2025 |  |  | December 31, 2024 |
Stock price |  |  | $41.00 |  |  |  | $28.99 |
Exercise price |  |  | $0.14 - $22,440 |  |  |  | $0.14 - $22,440 |
Expected term (in Years) |  |  | 1.33-2.39 |  |  |  | 2.08 - 3.14 |
Volatility |  |  | 165.0% |  |  |  | 171.0% |
Discount rate - treasury yield |  |  | 3.60-3.68% |  |  |  | 4.27% |
Schedule of Changes in the Fair Value of the 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, 2025 and for the year ended December 31, 2024 and changes in the number of outstanding warrant liabilities for the nine months ended September 30, 2025:
(In thousands, except number of outstanding warrant liabilities) |  | Nine months ended September 30, 2025 |  |  | For the year ended December 31, 2024 |
Warrant liabilities - beginning of period |  | $ | 996 |  |  | $ | 1,290 |
Initial fair value of warrant liabilities |  |  | — |  |  |  | 5,601 |
Exercise of warrants |  |  | — |  |  |  | (3,026 | )
Reclassification of warrant liabilities to equity |  |  | — |  |  |  | (20,771 | )
Change in estimated fair value |  |  | 372 |  |  |  | 17,902 |
Warrant liabilities end of period |  | $ | 1,368 |  |  | $ | 996 |

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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 liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes 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 liability. + References Reference 1: 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 2: 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 3: 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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