XML 36 R25.htm IDEA: XBRL DOCUMENT v3.26.1
Note 2 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Fair Value Measured as of June 30, 2026 Using:

Adjusted Cost

Unrealized Losses

Fair Value

Cash and Cash Equivalents

Marketable Securities

Assets

Level 1

Money market funds

$

9,064

$

$

9,064

$

9,064

$

Level 2

Corporate bonds

22,519

(33

)

22,486

22,486

Commercial paper

5,923

(2

)

5,921

1,499

4,422

U.S. Government securities

25,574

(46

)

25,528

25,528

Agency bonds

2,018

(9

)

2,009

$

2,009

Asset-backed securities

5,856

(8

)

5,848

$

5,848

Total financial assets

$

70,954

$

(98

)

$

70,856

$

10,563

$

60,293

Liabilities

Level 2

Private placement warrant liability

$

$

$

$

$

Level 3

Derivative warrant liability

411

Total financial liabilities

$

$

$

411

$

$

 

 

Fair Value Measured as of December 31, 2025 Using:

 

 

 

Adjusted Cost

 

 

Unrealized Gains

 

 

Fair Value

 

 

Cash and Cash Equivalents

 

 

Marketable Securities

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$42,718

 

 

$

 

 

$42,718

 

 

$42,718

 

 

$

 

Level 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

19,620

 

 

 

13

 

 

 

19,633

 

 

 

 

 

 

19,633

 

Commercial paper

 

 

7,531

 

 

 

3

 

 

 

7,534

 

 

 

 

 

 

7,534

 

U.S. Government securities

 

 

8,003

 

 

 

9

 

 

 

8,012

 

 

 

 

 

 

8,012

 

Agency bonds

 

 

2,018

 

 

 

 

 

 

2,018

 

 

 

 

 

 

2,018

 

Asset-backed securities

 

 

5,902

 

 

 

5

 

 

 

5,907

 

 

 

 

 

 

5,907

 

Total financial assets

 

$85,792

 

 

$30

 

 

$85,822

 

 

$42,718

 

 

$43,104

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Private placement warrant liability

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative warrant liability

 

 

 

 

 

 

 

 

560

 

 

 

 

 

 

 

Total financial liabilities

 

$

 

 

$

 

 

$560

 

 

$

 

 

$

 

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

 

 

Derivative Warrant Liabilities

 

Balance at December 31, 2025

 

$560

 

Change in fair value included in other income (expense), net

 

 

(149)

Balance at June 30, 2026

 

$411

 

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

 

 

June 30, 2026

 

Expected term (years)

 

 

4.2

 

Expected volatility

 

 

137.0%

Risk-free interest rate

 

 

4.2%

Dividend yield

 

 

%

Exercise price

 

$2.22