v3.25.4
Related Party (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Related Party    
Schedule of Unsecured notes payable related party outstanding  

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  ​ ​ ​

December 31,

  ​ ​ ​

December 31,

​

​

2024

​

2023

Unsecured note payable

​

$

13,154,931

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$

13,154,931

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​

​

​

​

​

​

Repayments

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(12,314,895)

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—

Less fair value adjustment on extinguishment, net of amortized discount of $1,965,984 and $1,547,536, respectively

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(960,000)

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(2,175,208)

Plus fair value adjustment

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119,964

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—

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​

​

​

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​

Total unsecured note payable

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—

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10,979,723

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Less current portion

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—

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—

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​

​

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​

Unsecured note payable, net of current portion

​

$

—

​

$

10,979,723

Schedule of profit share liabilities

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Profit Share as of January 1, 2024

  ​ ​ ​

$

14,847,937

Modification

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(11,833,179)

Loss on change in fair value of profit share

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3,839,100

Profit Share as of December 31, 2024

​

$

6,853,858

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​

​

​

Profit Share as of January 1, 2025

​

$

6,853,858

Loss on change in fair value of profit share

​

 

766,667

Profit Share as of September 30, 2025

​

$

7,620,525

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​

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Profit Share as of January 1, 2023

  ​ ​ ​

$

3,638,260

Addition

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​

—

Loss on change in fair value of profit share

 

​

11,209,677

Profit Share as of December 31, 2023

​

$

14,847,937

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​

​

​

Profit Share as of January 1, 2024

​

$

14,847,937

Modification

​

 

(11,833,179)

Loss on change in fair value of profit share

​

 

3,839,100

Profit Share as of December 31, 2024

​

$

6,853,858