Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value Liabilities Measured on Recurring Basis

The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value (in thousands):

	Level	June 30, 2025		December 31, 2024
Liabilities:
Warrant liability – Public Warrants	1	$	125	$	375
Warrant liability – Private Placement Warrants	3	70		210
Total warrant liability		$	195	$	585

Schedule of Derivative Liabilities at Fair Value

The following tables summarize the changes in the fair value of the warrant liabilities (in thousands):

	Three Months Ended June 30, 2025						Six Months Ended June 30, 2025
	Public Warrants		Private Placement Warrants		Warrant Liabilities		Public Warrants		Private Placement Warrants		Warrant Liabilities
Fair value, beginning of period	$	375	$	210	$	585	$	375	$	210	$	585
Change in valuation inputs or other assumptions	(250)		(140)		(390)		(250)		(140)		(390)
Fair value, end of period	$	125	$	70	$	195	$	125	$	70	$	195

	Three Months Ended June 30, 2024						Six Months Ended June 30, 2024
	Public Warrants		Private Placement Warrants		Warrant Liabilities		Public Warrants		Private Placement Warrants		Warrant Liabilities
Fair value, beginning of period	$	875	$	560	$	1,435	$	375	$	210	$	585
Change in valuation inputs or other assumptions	(250)		(210)		(460)		250		140		390
Fair value, end of period	$	625	$	350	$	975	$	625	$	350	$	975

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:

	June 30, 2025			December 31, 2024
Exercise price	$	11.50		$	11.50
Stock price	$	0.90		$	1.38
Volatility	102.5		%	85.0		%
Term (years)	0.96			1.46
Risk-free interest rate	3.99		%	4.20		%