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Warrant Liability | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Warrant Liability | 16.Warrant Liability The Company issued approximately 265,000 warrants in 2019, 2020 and 2021 as equity issuance consideration, in connection with equity offerings of the Company’s common stock. The warrants entitle the holder to purchase one share of our common stock at an exercise price equal to $0.49 to $5.25 per share at any time on or after their issuance date and on or prior to the close of business three to five years after the issuance date (the “Termination Date”). The Company determined that these warrants are free standing financial instruments that are legally detachable and separately exercisable from the common stock included in the public share offering. Management also determined that the warrants required classification as a liability pursuant to ASC 815, Derivatives and Hedging. In accordance with the accounting guidance, the outstanding warrants are recognized as a warrant liability on the balance sheet and are measured at their inception date fair value and subsequently re-measured at each reporting period with changes being recorded as a component of other income (expense) in the condensed consolidated statements of operations. The warrants outstanding and fair values at each of the respective valuation dates are summarized below: Schedule of Warrant Liability
Warrant Liability |  | Warrants Outstanding |  |  | Fair Value per Share |  |  | Fair Value |
Fair value as of 12/31/2024 |  |  | 57,777 |  |  | $ | 2.05 |  |  | $ | 118 |
Change in fair value of warrant liability |  |  | - |  |  |  | - |  |  |  | (112 | )
Fair value as of 9/30/2025 |  |  | 57,777 |  |  | $ | 0.25 |  |  | $ | 6 |
The following assumptions were used to calculate the warrant liability as of September 30, 2025 and 2024, respectively: Schedule of Assumptions Used in Warrant Liability
|  | 2025 |
Exercise price |  | $ | 2.80 to $5.25 |
Share price |  | $ | 2.44 to $2.98 |
Volatility |  |  | 52.78% to 79.26 | %
Risk-free interest rate |  |  | 3.68 to 4.41 | %
Dividend yield |  |  | 0.0 | %
Expected term |  |  | 1 to 2.00 years |
The warrant liabilities are considered Level 3 liabilities on the fair value hierarchy as the determination of fair value includes various assumptions about future activities and the Company’s stock prices and historical volatility of guideline public companies as inputs.

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- Definition The entire disclosure for derivatives and fair value of assets and liabilities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/820/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/815/tableOfContent + Details
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