XML 22 R14.htm IDEA: XBRL DOCUMENT
v3.25.2

FAIR VALUE MEASUREMENTS | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2025 | Dec. 31, 2024
Fair Value Disclosures [Abstract] |  |
FAIR VALUE MEASUREMENTS | NOTE 4. FAIR VALUE MEASUREMENTS Assets and liabilities recorded at fair value on a recurring basis in the balance sheets are categorized based upon the level of judgment associated with the inputs used to measure their fair values. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, as follows: Level 1: Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2: Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3: Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. An asset's or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The Company’s financial instruments that are carried at fair value consist of Level 1 and Level 3 assets and liabilities: • Level 1: o Level 1 assets include highly liquid bank deposits and money market funds, which were not material in any period presented herein. o Level 1 liabilities include the Public Warrants, which are classified as Level 1 due to the use of an observable market quote in an active market, however, were determined to have no value as of June 30, 2025 and December 31, 2024 due to a notification from the NYSE American in December 2023 that the NYSE American had determined to (a) commence proceedings to delist the Company’s Public Warrants, each whole warrant exercisable to purchase one share of the Company’s Common Stock, par value $0.0001 per share, at a price of $11.50 per share, and listed to trade on the NYSE American under the symbol “BURU.WS”, and (b) immediately suspend trading in the Public Warrants due to “abnormally low” trading price levels. • Level 3: o Level 3 assets include the Convertible Note Receivable (as defined and described in Note 5), which is classified as Level 3 due to the use of unobservable inputs in the valuation of the asset. There were no transfers between Level 1, Level 2, and Level 3 in any periods presented. o Level 3 liabilities include (i) the Junior Note Warrants (as defined and described in Note 8 and Note 10), (ii) our debt recorded under the fair value option, including the Indigo Capital Convertible Notes, Agile Note, Diagonal Convertible Note, Boot Convertible Note, Brick Lane Convertible Notes and Bomore Convertible Notes (each as defined and described in Note 8), and (iii) through early March 2025, the August 2024 Convertible Note Derivative Liability (as defined and described in Note 8), each of which is classified as Level 3 due to the use of unobservable inputs in the valuation of the liability. Gains or losses from the remeasurement of (i) the Junior Note Warrants are recorded as part of change in fair value of warrant liabilities, (ii) debt recorded under the fair value option are recorded as part of change in fair value of notes payable, (iii) the SEPA liability, as further described in Note 11, are recorded as part of change in fair value of SEPA liability, and (iv) the August 2024 Convertible Note Derivative Liability are recorded as part of change in fair value of derivative liability in the condensed consolidated statements of operations. There were no transfers between Level 1, Level 2, and Level 3 in any periods presented. The following tables set forth the fair value of the Company’s financial assets and liabilities by level within the fair value hierarchy as of June 30, 2025 and December 31, 2024:
|  | At June 30, 2025 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Convertible Note Receivable |  | $ | — |  |  | $ | — |  |  | $ | 748,600 |  |  | $ | 748,600 |
Total assets |  | $ | — |  |  | $ | — |  |  | $ | 748,600 |  |  | $ | 748,600 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Junior Note Warrants |  | $ | — |  |  | $ | — |  |  | $ | 18,301 |  |  | $ | 18,301 |
Notes payable - fair value option |  |  | — |  |  |  | — |  |  |  | 9,510,017 |  |  |  | 9,510,017 |
SEPA liability |  |  | — |  |  |  | — |  |  |  | 3,297,922 |  |  |  | 3,297,922 |
Total liabilities |  | $ | — |  |  | $ | — |  |  | $ | 12,826,240 |  |  | $ | 12,826,240 |
|  | At December 31, 2024 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Junior Note Warrants |  | $ | — |  |  | $ | — |  |  | $ | 128,615 |  |  | $ | 128,615 |
Convertible note derivative liability (1) |  |  | — |  |  |  | — |  |  |  | 37,900 |  |  |  | 37,900 |
Total liabilities |  | $ | — |  |  | $ | — |  |  | $ | 166,515 |  |  | $ | 166,515 |
(1) Represents the August 2024 Convertible Note Derivative Liability, as defined and described in Note 8. In March 2025, the remaining August 2024 Convertible Notes were purchased by Indigo Capital and subsequently extinguished. For additional information, see Note 8. Level 3 Financial Assets Convertible Note Receivable The following table sets forth a summary of the changes in fair value of the Company's Convertible Note Receivable:
|  |  |  |  |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  |  |  |  |  | 2025 |  |  | 2025 |
Fair value, beginning balance |  |  |  |  |  | $ | 260,000 |  |  | $ | — |
Fair value at issuance |  |  |  |  |  |  | — |  |  |  | 260,000 |
Principal additions |  |  |  |  |  |  | 500,000 |  |  |  | 650,000 |
Contributions from related party |  |  |  |  |  |  | — |  |  |  | (150,000 | )
Change in fair value |  |  |  |  |  |  | (11,400 | ) |  |  | (11,400 | )
Fair value, ending balance |  |  |  |  |  | $ | 748,600 |  |  | $ | 748,600 |
The aggregate fair value of the Convertible Note Receivable was estimated using a Monte Carlo simulation based approach, a Lev el 3 valuation. The significant inputs to the calculation of the fair value of the Convertible Note Receivable at issuance and June 30, 2025 were as follows:
|  |  |  |  |  | Six Months Ended June 30,
|  |  |  |  |  | 2025
Convertible Note Receivable |  |  |  |  |  |
Stock price |  |  |  |  | $ | 0.000038 - 0.000048
Expected term (in years) |  |  |  |  |  | 1.00 - 1.25
Expected volatility |  |  |  |  |  | 157.7% - 188.1%
Risk-free interest rate |  |  |  |  |  | 3.8% - 4.2%
Expected dividend yield |  |  |  |  |  | 0.0%
Level 3 Financial Liabilities Junior Note Warrants The following table sets forth a summary of the changes in fair value of the Company's Junior Note Warrants issued in November 2023:
|  |  |  |  |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  |  |  |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Fair value, beginning balance |  |  |  |  |  | $ | 1,315 |  |  | $ | 2,235,208 |  |  | $ | 128,615 |  |  | $ | 2,238,519 |
Change in fair value |  |  |  |  |  |  | 16,986 |  |  |  | (1,783,201 | ) |  |  | (110,314 | ) |  |  | (1,786,512 | )
Fair value, ending balance |  |  |  |  |  | $ | 18,301 |  |  | $ | 452,007 |  |  | $ | 18,301 |  |  | $ | 452,007 |
The aggregate fair value of the Junior Note Warrants was estimated using a Monte Carlo simulation based approach, a Level 3 valuation. The significant inputs to the calculation of the fair value of the Junior Note Warrant liability were as follows:
|  |  | Six Months Ended June 30,
|  |  | 2025 |  |  | 2024
Junior Note Warrants: |  |  |  |  |  |
Stock price |  | $ | 0.35 |  | $ | 0.03 - 0.14
Expected term (in years) |  |  | 3.4 - 4.1 |  |  | 4.4 - 4.7
Expected volatility |  |  | 66.2% - 70.8% |  |  | 58.9% - 69.8%
Risk-free interest rate |  |  | 3.7% |  |  | 4.2% - 4.3%
Expected dividend yield |  |  | 0.0% |  |  | 0.0%
Notes Payable - Fair Value Option The following tables set forth a summary of the changes in fair value of the Company's notes payable recorded under the fair value option:
|  | Three Months Ended June 30, 2025 |
|  | Beginning Balance |  |  | Issuance |  |  | Additions & (Payments) |  |  | Conversion |  |  | Change in Fair Value |  |  | Ending Balance |
Indigo Capital Convertible Notes |  | $ | 4,047,000 |  |  | $ | 3,803,374 |  |  | $ | — |  |  | $ | (2,761,362 | ) |  | $ | 1,173,366 |  |  | $ | 6,262,378 |
Agile Note |  |  | — |  |  |  | 500,000 |  |  |  | 58,417 |  |  |  | — |  |  |  | 316,143 |  |  |  | 874,560 |
Diagonal Convertible Note |  |  | — |  |  |  | 399,955 |  |  |  | — |  |  |  | — |  |  |  | (6,735 | ) |  |  | 393,220 |
Boot Convertible Note |  |  | — |  |  |  | 193,215 |  |  |  | — |  |  |  | — |  |  |  | (3,254 | ) |  |  | 189,961 |
Brick Lane Convertible Notes |  |  | — |  |  |  | 2,565,384 |  |  |  | — |  |  |  | (2,264,573 | ) |  |  | (29,972 | ) |  |  | 270,839 |
Bomore Convertible Notes |  |  | — |  |  |  | 1,411,829 |  |  |  | — |  |  |  | — |  |  |  | (28,190 | ) |  |  | 1,383,639 |
Torcross Convertible Notes |  |  | — |  |  |  | 133,883 |  |  |  | — |  |  |  | — |  |  |  | 1,537 |  |  |  | 135,420 |
Total |  | $ | 4,047,000 |  |  | $ | 9,007,640 |  |  | $ | 58,417 |  |  | $ | (5,025,935 | ) |  | $ | 1,422,895 |  |  | $ | 9,510,017 |
|  | Six Months Ended June 30, 2025 |
|  | Beginning Balance |  |  | Issuance |  |  | Additions & (Payments) |  |  | Conversion |  |  | Change in Fair Value |  |  | Ending Balance |
Indigo Capital Convertible Notes |  | $ | — |  |  | $ | 9,014,474 |  |  | $ | — |  |  | $ | (3,668,940 | ) |  | $ | 916,844 |  |  | $ | 6,262,378 |
Agile Note |  |  | — |  |  |  | 500,000 |  |  |  | 58,417 |  |  |  | — |  |  |  | 316,143 |  |  |  | 874,560 |
Diagonal Convertible Note |  |  | — |  |  |  | 399,955 |  |  |  | — |  |  |  | — |  |  |  | (6,735 | ) |  |  | 393,220 |
Boot Convertible Note |  |  | — |  |  |  | 193,215 |  |  |  | — |  |  |  | — |  |  |  | (3,254 | ) |  |  | 189,961 |
Brick Lane Convertible Notes |  |  | — |  |  |  | 2,565,384 |  |  |  | — |  |  |  | (2,264,573 | ) |  |  | (29,972 | ) |  |  | 270,839 |
Bomore Convertible Notes |  |  | — |  |  |  | 1,411,829 |  |  |  | — |  |  |  | — |  |  |  | (28,190 | ) |  |  | 1,383,639 |
Torcross Convertible Notes |  |  | — |  |  |  | 133,883 |  |  |  | — |  |  |  | — |  |  |  | 1,537 |  |  |  | 135,420 |
Total |  | $ | — |  |  | $ | 14,218,740 |  |  | $ | 58,417 |  |  | $ | (5,933,513 | ) |  | $ | 1,166,373 |  |  | $ | 9,510,017 |
The fair value of the Company's notes payable recorded under the fair value option was estimated using Level 3 fair value measurements. The significant inputs to the calculation of the fair value of the notes payable recorded under the fair value option at issuance and June 30, 2025 were as follows:
|  | Six Months Ended June 30, 2025
Valuation Inputs: |  | Indigo Capital Convertible Notes(1) |  | Agile Note(2) |  | Diagonal Convertible Note(1) |  | Boot Convertible Note(1) |  | Bomore Convertible Notes(3) |  | Brick Lane Convertible Notes(1)(3) |  | Torcross Convertible Note(3)
Stock price | $ | 0.16 - 0.35 |  | N/A | $ | 0.14 - 0.35 | $ | 0.14 - 0.35 | $ | 0.33 - 0.35 | $ | 0.31 - 0.35 | $ | 0.34 - 0.35
Expected term (in years) |  | 0.67 - 0.99 |  | 0.49 - 0.58 |  | 0.66 - 0.79 |  | 0.66 - 0.79 |  | 0.96 - 1.00 |  | 0.92 - 1.00 |  | 0.98 - 1.00
Expected volatility |  | 237.8% - 268.7% |  | N/A |  | 220.5% - 245.4% |  | 220.5% - 245.4% |  | N/A |  | 258.4% |  | N/A
Risk-free interest rate |  | 4.0% - 4.2% |  | N/A |  | 4.2% |  | 4.2% |  | N/A |  | 4.1% |  | N/A
Risk-adjusted discount rate |  | 0.0% - 12.9% |  | 18.0% - 18.6% |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A
Expected dividend yield |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A
(1) Fair value was estimated using a Monte Carlo simulation model, which incorporates significant assumptions including the expected volatility of the Company's stock price, the risk-free interest rate, and the timing and probability of future liquidity events. (2) Fair value was estimated using a discounted cash flow method, which applies a risk-adjusted discount rate to projected future cash flows. The valuation involves significant judgment in determining key inputs such as forecasted revenue growth, margin expectations and discount rates. (3) Fair value was estimated using the current value method, which allocates the Company's most recent enterprise value to the various classes of equity based on their respective rights and preferences. SEPA Liability The following table sets forth a summary of the changes in fair value of the Company's SEPA liability:
|  |  |  |  |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  |  |  |  |  | 2025 |  |  | 2025 |
Fair value, beginning balance |  |  |  |  |  | $ | — |  |  | $ | — |
Fair value at issuance |  |  |  |  |  |  | 3,582,724 |  |  |  | 3,582,724 |
Common stock issued (1) |  |  |  |  |  |  | (545,309 | ) |  |  | (545,309 | )
Change in fair value |  |  |  |  |  |  | 260,507 |  |  |  | 260,507 |
Fair value, ending balance |  |  |  |  |  | $ | 3,297,922 |  |  | $ | 3,297,922 |
(1) Relates to the first 50% of Common Stock issued to the SEPA Investor during the second quarter of 2025 in connection with the commitment fee payable to the SEPA Investor in Common Stock in an amount equal to 1% of the Commitment Amount, or $1,000,000, to be paid 50% on execution of the SEPA and 50% to be paid 90 days after execution of the SEPA, as further detailed in Note 11. The fair value of the Company's SEPA liability at issuance and as of June 30, 2025 was estimated using (i) related to the put option, a Monte Carlo valuation model utilizing various inputs including the Company’s stock price, volatility, risk-free interest rate, expected term of the agreement and expected share draw amount and (ii) related to the shares issuable in connection with the SEPA commitment fee, the fair value of the underlying shares, each of which is a Level 3 valuation. The fair value of the embedded forward option is determined using the fair value of the underlying shares less the fixed purchase price, however, t he embedded forward option was deemed to have no value as there were no notices for the sale of the Company's Common Stock as of June 30, 2025. T he significant inputs to the calculation of the fair value of the SEPA liability at issuance and June 30, 2025 were as follows:
|  |  |  |  |  | Six Months Ended June 30,
|  |  |  |  |  | 2025
SEPA Liability |  |  |  |  |  |
Stock price |  |  |  |  | $ | 0.35 - 0.37
Expected term (in years) |  |  |  |  |  | 2.9 - 3.0
Expected volatility |  |  |  |  |  | 205%
Risk-free interest rate |  |  |  |  |  | 3.7% - 3.9%
Expected dividend yield |  |  |  |  |  | 0.0%
August 2024 Convertible Note Derivative Liability In March 2025, the remaining August 2024 Convertible Notes were purchased by Indigo Capital and subsequently extinguished. For additional information, see Note 8. The following table sets forth a summary of the changes in fair value of the Company's August 2024 Convertible Note Derivative Liability:
|  |  |  |  |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  |  |  |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Fair value, beginning balance |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 37,900 |  |  | $ | — |
Extinguishment of August 2024 Convertible Notes |  |  |  |  |  |  | — |  |  |  | — |  |  |  | (37,900 | ) |  |  | — |
Fair value, ending balance |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
| NOTE 5. FAIR VALUE MEASUREMENTS Assets and liabilities recorded at fair value on a recurring basis in the balance sheets are categorized based upon the level of judgment associated with the inputs used to measure their fair values. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, as follows: Level 1: Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2: Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3: Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. An asset or liability's fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The Company’s financial instruments that are carried at fair value consists of Level 1 and Level 3 assets and liabilities. Level 1 assets include highly liquid bank deposits and money market funds, which were not material as of December 31, 2024 and 2023. Level 1 liabilities include the Public Warrants and are classified as Level 1 due to the use of an observable market quote in an active market. The Company measured the fair value of the Public Warrants on the date of the Closing of the Business Combination based on the close price of the Public Warrant price. Level 3 liabilities include (i) the Junior Note Warrants (as defined in Note 8, Notes and Convertible Notes Payable), (ii) the August 2024 Convertible Note Derivative Liability (as defined and described in Note 8, Notes and Convertible Notes Payable) and (iii) the Legacy Nuburu Convertible Notes (as described in Note 3, Reverse Recapitalization), each of which is classified as Level 3 due to the use of unobservable inputs in the valuation of the liability. During the year ended December 31, 2024, no warrants were exercised. The gains and losses from re-measurement of Level 1 and Level 3 financial liabilities are recorded as part of change in fair value of warrant liabilities and change in fair value of derivative liability in the consolidated statements of operations. There were no transfers between Level 1, Level 2, and Level 3 in any periods presented. The following tables set forth the fair value of the Company’s financial liabilities by level within the fair value hierarchy as of December 31, 2024 and 2023:
|  | At December 31, 2024 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Junior Note Warrants |  | $ | — |  |  | $ | — |  |  | $ | 128,615 |  |  | $ | 128,615 |
Convertible note derivative liability (1) |  |  | — |  |  |  | — |  |  |  | 37,900 |  |  |  | 37,900 |
|  | At December 31, 2023 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Junior Note Warrants |  | $ | — |  |  | $ | — |  |  | $ | 2,238,519 |  |  | $ | 2,238,519 |
(1) Represents the August 2024 Convertible Note Derivative Liability, as defined and described in Note 8, Notes and Convertible Notes Payable. On December 12, 2023, the New York Stock Exchange American (“NYSE American”) notified the Company, and publicly announced, that the NYSE American had determined to (a) commence proceedings to delist the Company’s Public Warrants, each whole warrant exercisable to purchase one share of the Company’s common stock, par value $0.0001 per share, at a price of $11.50 per share, and listed to trade on the NYSE American under the symbol “BURU.WS”, and (b) immediately suspend trading in the Public Warrants due to “abnormally low” trading price levels. As such, the Public Warrants were determined to have no value as of December 31, 2023. Level 3 Financial Liabilities Junior Note Warrants The following tables set forth a summary of the changes in fair value of the Company's Junior Note Warrants issued in November 2023:
| Year Ended December 31, |
| 2024 |
Fair value as of December 31, 2023 | $ | 2,238,519 |
Change in fair value |  | (2,109,904 | )
Fair value as of December 31, 2024 | $ | 128,615 |
| Year Ended December 31, |
| 2023 |
Fair value at issuance | $ | — |
Recognition of Junior Note Warrants upon issuance |  | 2,668,169 |
Change in fair value |  | (429,650 | )
Fair value as of December 31, 2023 | $ | 2,238,519 |
The aggregate fair value of the Junior Note Warrants was estimated using a Monte Carlo simulation based approach, a Level 3 valuation. The significant inputs to the calculation of the fair value of the Junior Note Warrant liability were as follows:
|  | Year Ended December 31,
|  | 2024 |  | 2023
Common Stock Warrants: |  |  |  |  |  |
Stock price |  | $ | 0.03 - 0.67 |  | $ | 0.15 - 0.18
Expected term (in years) |  |  | 3.9 - 4.9 |  |  | 4.9 - 5.0
Expected volatility |  |  | 58.9% - 79.6% |  |  | 66.3%
Risk-free interest rate |  |  | 3.6% - 4.3% |  |  | 3.8% - 4.1%
Expected dividend yield |  |  | 0.0% |  |  | 0.0%
August 2024 Convertible Note Derivative Liability The following table sets forth a summary of the changes in fair value of the Company's August 2024 Convertible Note Derivative Liability:
Fair value as of December 31, 2023 | $ | — |
Initial recognition at fair value |  | 179,000 |
Change in fair value |  | (141,100 | )
Fair value as of December 31, 2024 | $ | 37,900 |
The aggregate fair value of the August 2024 Convertible Note Derivative Liability was estimated using a Monte Carlo simulation based approach, a Level 3 valuation. The significant inputs to the calculation of the fair value of the August 2024 Convertible Note Derivative Liability during the year ended December 31, 2024 were as follows:
|  | Year Ended December 31, 2024
August 2024 Convertible Note Derivative Liability: |  |  |
Stock price |  |  | $0.51 - $1.82
Expected term (in years) |  |  | 0.35 - 0.46
Expected volatility |  |  | 253.0% - 285.4%
Risk-free interest rate |  |  | 4.6% - 5.0%
Expected dividend yield |  |  | 0.0%

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + 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 107 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-107 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 940 -SubTopic 820 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478119/940-820-50-1 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration