Quarterly report [Sections 13 or 15(d)]

Warrant Liability (Tables)

v3.25.3
Warrant Liability (Tables)
9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Warrant Liability

The warrants outstanding and fair values at each of the respective valuation dates are summarized below:

 

Warrant Liability  

Warrants

Outstanding

   

Fair Value

per Share

    Fair Value  
Fair value as of 12/31/2024     57,777     $ 2.05     $ 118  
Change in fair value of warrant liability     -       -       (112 )
Fair value as of 9/30/2025     57,777     $ 0.25     $ 6  
Schedule of Assumptions Used in Warrant Liability

The following assumptions were used to calculate the warrant liability as of September 30, 2025 and 2024, respectively:

 

    2025  
Exercise price   $ 2.80 to $5.25  
Share price   $ 2.44 to $2.98  
Volatility     52.78% to 79.26 %
Risk-free interest rate     3.68 to 4.41 %
Dividend yield     0.0 %
Expected term     1 to 2.00 years