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Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Company's Classified Assets Measured at Fair Value on Recurring Basis

At September 30, 2025 and December 31, 2024, the Company has classified assets and liabilities measured at fair value on a recurring basis as follows (in thousands):

		Fair Value Measurements at Reporting Date Using
		September 30,				Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
Description		2025				(Level 1)				(Level 2)				(Level 3)
Assets:
Money market funds		$	15,591			$	15,591			$	—			$	—
Total		$	15,591			$	15,591			$	—			$	—
Liabilities:
Purchase warrant liability		$	5,265			$	—			$	—			$	5,265
Total		$	5,265			$	—			$	—			$	5,265
		Fair Value Measurements at Reporting Date Using
		December 31,				Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
Description		2024				(Level 1)				(Level 2)				(Level 3)
Assets:
Money market funds		$	18,860			$	18,860			$	—			$	—
Total		$	18,860			$	18,860			$	—			$	—
Liabilities:
Purchase warrant liability		$	4,874			$	—			$	—			$	4,874
Total		$	4,874			$	—			$	—			$	4,874

Schedule of Assumptions Used in Determining Fair Value of Warrants

The assumptions used in the Black-Scholes option-pricing model for the purchase warrants on the consolidated balance sheets at September 30, 2025 and December 31, 2024 are included below:

		September 30, 2025				December 31, 2024
Expected Term		3.0 years				3.75 years
Weighted-average, risk free interest rate			3.6	%			4.3	%
Expected volatility			89.6	%			90.0	%
Dividend yield			—				—
Strike price		$	3.41			$	3.41
Stock price		$	1.67			$	1.40

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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