Quarterly report [Sections 13 or 15(d)]

Promissory Notes (Tables)

v3.26.1
Promissory Notes (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Components of Net Carrying Amount

The following table presents the components of the net carrying amount of the DNA Note that is from a related party. This is the only note outstanding as of March 31, 2026 (in thousands of dollars):

         
Principal   $ 1,200  
Less: unamortized debt discount     (128 )
Long term debt   $ 1,072  
Current portion   $ 1,072  
Schedule of Fair Value Derivative Liability

The schedule below shows the change in the fair value of the derivative liability (in thousands of dollars):

    2026     2025  
Beginning balance (January 1)   $ 171     $  
Fair value adjustment     227        
Ending value (March 31)   $ 398     $  
Schedule of Interest Expense

   

2026

   

2025

 
Contractual interest expense   $ 88     $ 30  
Amortization of debt discount     43       19  
Amortization of debt issuance costs           22  
Interest expense   $ 131     $ 71