Quarterly report [Sections 13 or 15(d)]

Fair Value Measurements (Tables)

v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Measurements [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

March 31, 2026

Level 1

Level 2

Level 3

Total Fair Value

Cash equivalents:

Money market funds

$

670,409

$

$

$

670,409

Total

$

670,409

$

$

$

670,409

December 31, 2025

Level 1

Level 2

Level 3

Total Fair Value

Cash equivalents:

Money market funds

$

665,582

$

$

$

665,582

Total

$

665,582

$

$

$

665,582

Schedule of Reconciliations of Recurring Fair Value Measurements

Three Months Ended March 31, 2025

Contingent value rights

Embedded derivative liability

Contingent forward contract

Total

December 31, 2024

$

(312,080)

$

(82,281)

$

$

(394,361)

Additions

(5,515,525)

(5,515,525)

Extinguishment of debt

82,281

82,281

Fair value adjustments

19,179

109,492

128,671

March 31, 2025

$

(292,901)

$

$

(5,406,033)

$

(5,698,934)