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Fair Value of Financial Instruments
 6 Months Ended
Jun. 30, 2025
Fair Value of Financial Instruments [Abstract]  
Fair Value of Financial Instruments

Note 2. Fair Value of Financial Instruments

 

The following tables represent the Company’s assets and liabilities measured at fair value on a recurring basis and the basis for that measurement (in thousands):

 

   June 30, 2025 
   Fair Value   Level 1   Level 2   Level 3 
Assets:                
Money market funds (1)  $1   $
—
   $
—
   $
—
 
                     
Liabilities:                    
Warrant liabilities  $49   $
—
   $
—
   $49 

 

   December 31, 2024 
   Fair Value   Level 1   Level 2   Level 3 
Assets:                
Money market funds (1)  $1   $
—
   $
—
   $
—
 
                     
Liabilities:                    
Warrant liabilities  $55   $
—
   $
—
   $55 

 

(1) Amounts are included in cash and cash equivalents on the condensed consolidated balance sheets.

 

The following tables represent the Company’s determination of fair value for its financial assets (cash equivalents) (in thousands):

 

   June 30, 2025 
       Unrealized   Unrealized   Fair 
   Cost   Gains   Losses   Value 
Cash and cash equivalents  $1,761   $
—
   $
—
   $1,761 

 

   December 31, 2024 
       Unrealized   Unrealized   Fair 
   Cost   Gains   Losses   Value 
Cash and cash equivalents  $3,344   $
—
   $
—
   $3,344