XML 39 R25.htm IDEA: XBRL DOCUMENT v3.26.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis, inclusive of related party components, as of December 31, 2025 and 2024 (in thousands):

 

   Level 1   Level 2   Level 3   Total 
   December 31, 2025 
   Level 1   Level 2   Level 3   Total 
Assets:                    
Restricted cash held in money market accounts  $219            219 
Total assets, at fair value  $219            219 
Liabilities:                    
Public Warrants  $99            99 
Private Warrants       16        16 
Total warrant liabilities, at fair value  $99    16        115 

 

 

   Level 1   Level 2   Level 3   Total 
   December 31, 2024 
   Level 1   Level 2   Level 3   Total 
Assets:                    
Restricted cash held in money market accounts  $218   $   $   $218 
Forward Purchase Agreement Derivative Asset included in other noncurrent assets           11    11 
Total assets, at fair value  $218   $   $11   $229 
Liabilities:                    
Public Warrants  $110   $   $   $110 
Private Warrants       18        18 
Total warrant liabilities, at fair value  $110   $18   $   $128 
Schedule of Changes in Fair Value of Level 3 Valued Instruments

The following table presents the changes in fair value of valued instruments for the year ended December 31, 2025 (in thousands):

 

   Forward
Purchase
Agreement
Derivative
Asset, at
fair value
   Public
Warrants, at
fair value
   Private
warrants, at
fair value
 
Balance at January 1, 2025  $(11)  $110   $18 
Change in fair value   11    (11)   (2)
Balance at December 31, 2025  $   $99    16 

 

The following table presents the changes in fair value of valued instruments for the years ended December 31, 2024 (in thousands):

 

   Forward
Purchase
Agreement
Derivative
Asset, at
fair value
   Public
Warrants, at
fair value
   Private
warrants, at
fair value
 
Balance at January 1, 2024  $(230)  $575   $96 
Change in fair value   219    (465)   (78)
Balance at December 31, 2024  $(11)  $110    18