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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents information about the Company’s assets and liabilities fair value at December 31, 2025 and 2024 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

December 31, 2025
Level 1Level 2Level 3
Assets:
Money market fund$910 $— $— 
Total$910 $— $— 
Amounts included in:
Cash and cash equivalents$910 $— $— 
Total$910 $— $— 


December 31, 2025
Level 1Level 2Level 3
Liabilities:
Derivative liabilities at fair value$— $— $1,124 
Warrants liability2,675 522 
Total$— $2,675 $1,646 
NOTE 15. FAIR VALUE MEASUREMENTS (cont.)

December 31, 2024
Level 1Level 2Level 3
Assets:
Money market fund$28,843 $— $— 
Bank deposits— — — 
Total28,843 — — 
Amounts included in:
Cash and cash equivalents$28,843 $— $— 
Short-term investments— — — 
Total$28,843 $— $— 

December 31, 2024
Level 1Level 2Level 3
Liabilities:
Derivative liabilities at fair value$— $— $12,875 
Warrants liability$— 32,1409,010 
Total$— $32,140 $21,885 
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The following table provides the inputs used for Level 3 fair value measurements of warrants liability:
December 31, 2025December 31, 2024
Stock price$0.74$8.83
Strike price$4.42-$5.74$4.42-$5.74
Term (in years)2.89-2.941.5-2.5
Volatility122.22%-122.90%97.80%-116.20%
Risk-free rate3.62%-3.63%4.19%-4.30%
Dividend yield0.0%0.0%
The following table provides the inputs used for Level 3 fair value measurements of derivative liability:
December 31, 2025December 31, 2024
Stock price$0.74$8.83
Term (in years)2.89-2.941.5-2.5
Volatility122.22%-120.90%95.00%-96.54%
Risk-free rate3.62%-3.63%4.48%-4.49%
Cost of Debt (Rd)
15.72%-15.96%7.64%-7.64%
Dividend yield0.0%0.0%
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents the changes in the fair value of Level 3 warrants and derivative liabilities for the year ended December 31, 2025 and 2024:

Total Level 3 Financial Liabilities
Balance at December 31, 2024$21,885 
Change in fair value of derivative liabilities at fair value(11,751)
Change in fair value of warrants liability(8,488)
Balance at December 31, 2025$1,646 


Total Level 3 Financial Liabilities
Balance at December 31, 2023$7,526 
Change in fair value of derivative liabilities at fair value9,143 
Partial conversion of convertible notes(394)
Change in fair value of warrants liability5,610 
Balance at December 31, 2024$21,885