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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of the Warrants Using the Black-Scholes Option Pricing Model with the Following Weighted Average Inputs
The Company calculated the fair value of the October 2024 Common Warrants, March 2025 Common Warrants, July 2025 Common Warrants, and January 2026 Common Warrants using the Black-Scholes option pricing model with the following weighted average inputs:
January 2026 Series B Common Warrants
as of March 31, 2026
January 2026 Series A and C Common Warrants
as of March 17, 2026 (reclassification date)
January 2026 Series A, B, and C Common Warrants
as of January 8, 2026 (issuance date)
July 2025 Common Warrants
as of July 3, 2025 (issuance date)
March 2025 Common Warrants
as of March 31, 2025 (issuance date)
October 2024 Common Warrants
as of October 28, 2024 (issuance date)
Stock price$0.45$0.89$0.84$2.15$2.41$4.92
Exercise price$0.57$0.75$0.74$2.15$2.41$4.92
Expected term (years)0.202.662.354.051.814.78
Risk-free interest rate3.2%3.7%3.6%3.9%4.1%4.1%
Expected volatility71%100%94%109%105%117%
Expected dividend yieldNoneNoneNoneNoneNoneNone
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes the changes in the fair value of warrant liabilities, which were classified as Level 3 within fair value hierarchy:
January 2026 Series A Common WarrantsJanuary 2026 Series B Common WarrantsJanuary 2026 Series C Common WarrantsTotal Level 3 Financial Liabilities
Balance, as of December 31, 2025$— $— $— $— 
Initial fair value of warrant liabilities8,169 3,652 5,918 17,739 
Change in fair value of warrant liability8,536 (1,755)5,976 12,757 
Reclassification of warrant liabilities to equity(16,705)— (11,894)(28,599)
Balance, as of March 31, 2026$— $1,897 $— $1,897