Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS (Tables)

v3.25.3
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2025
FAIR VALUE MEASUREMENTS  
Summary of major categories of assets and liabilities measured at fair value on a recurring basis

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As of September 30, 2025

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Level 1

    

Level 2

    

​

Level 3

    

Total

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

Short-term investments

​

$

33,051

​

$

—

​

$

—

​

$

33,051

Total assets measured at fair value

​

$

33,051

​

$

—

​

$

—

​

$

33,051

Liabilities:

​

 

  

​

 

  

​

 

  

​

 

  

Share-based compensation liability

​

$

—

​

$

—

​

$

54,153

​

$

54,153

Warrant liability

​

$

—

​

$

—

​

$

5,592

​

$

5,592

Total liabilities measured at fair value

​

$

—

​

$

—

​

$

59,745

​

$

59,745

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2024

​

    

Level 1

    

Level 2

    

​

   Level 3    

    

Total

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

Short-term investments

​

$

33,051

​

$

—

​

$

—

​

$

33,051

Total assets measured at fair value

​

$

33,051

​

$

—

​

$

—

​

$

33,051

Liabilities:

​

 

  

​

 

  

​

 

  

​

 

  

Share-based compensation liability

​

$

—

​

$

—

​

$

199,263

​

$

199,263

Warrant liability

​

​

—

​

​

—

​

​

5,592

​

​

5,592

Total liabilities measured at fair value

​

$

—

​

$

—

​

$

204,855

​

$

204,855