Warrants (Tables)

9 Months Ended

Sep. 30, 2025

Warrants and Rights Note Disclosure [Abstract]

Schedule of Assumptions Used to Estimate Fair Value of Warrants

The following assumptions were used to estimate the fair value of the warrants at issuance:

Risk-free interest rate		3.46	%
Expected dividend yield	—
Expected term (in years)		5.2
Expected volatility		81	%
Market value of common stock (per share)	$	0.71

The Company estimated the fair value of the SSI Warrant liability using the following assumptions as of September 30, 2025:

Risk-free interest rate		3.63	%
Expected dividend yield		—
Expected term (in years)		3.8
Expected volatility		93	%
Market value of common stock (per share)	$	3.27

Schedule of Warrant Liability

The following table summarizes changes in the Company’s warrant liability during the nine months ended September 30, 2025 (in thousands):

	Warrant Liability
Balance at January 1, 2025	$	438
Change in fair value		463
Balance at September 30, 2025	$	901