Net Loss Per Share Attributable to Common Stockholders (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2025

Dec. 31, 2024

Net Loss Per Share Attributable to Common Stockholders [Abstract]

Schedule of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders

The following table sets forth the computation of basic and diluted net loss per share attributable to Common Stockholders (in thousands, except share and per share data):

		Three Months Ended				Three Months Ended
		September 30, 2025				September 30, 2024
Numerator:
Net loss		$	(22,192	)		$	(2,497	)
Denominator:
Weighted average shares used to computing basic and diluted net loss per share			423,081				25,844
Net loss per share attributable to Common Stockholders - basic and diluted:		$	(52.45	)		$	(96.62	)

		Nine Months Ended				Nine Months Ended
		September 30, 2025				September 30, 2024
Numerator:
Net loss		$	(27,256	)		$	(6,978	)
Denominator:
Weighted average shares used to computing basic and diluted net loss per share			158,744				25,844
Net loss per share attributable to Common Stockholders - basic and diluted:		$	(171.70	)		$	(270.00	)

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share data):

		Year Ended December 31, 2024				Year Ended December 31, 2023
Numerator:
Net loss		$	(9,230	)		$	(10,281	)
Denominator:
Weighted average shares used to computing basic and diluted net loss per share			25,844				25,827
Net loss per share attributable to common stockholders – basic and diluted:		$	(357.14	)		$	(398.05	)

Schedule of Diluted Net Loss Per Share Attributable to Common Stockholders

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to Common Stockholders for the periods presented because including them would have been antidilutive:

		Three Months Ended				Three Months Ended
		September 30, 2025				September 30, 2024
Related party convertible notes payable at fair value (1)			-				-
Loans payable - related party at fair value (1)			-				-
Warrants			233,822				-
Options to purchase Common Stock			20,845				13,705
Total			254,667				13,705

(1)

The Related party convertible notes and Loan’s payable - related party are convertible upon occurrence of various conversion scenarios. Therefore, the number of shares of Company Common Stock issuable upon their conversion is not currently estimable.

		Nine Months Ended
		September 30, 2025				September 30, 2024
Related party convertible notes payable at fair value (1)			-				-
Loans payable - related party at fair value (1)			-				-
Warrants			233,822				-
Options to purchase Common Stock			20,845				13,705
Total			254,667				13,705

The following outstanding shares of potentially dilutive securities, as adjusted for the recapitalization and Reverse Stock Split (see Note 17) were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive:

		Years ended December 31,
		2024				2023
Convertible preferred stock			82,377				82,377
Convertible notes payable			15,510				10,384	⁽¹⁾
Convertible loans			-	⁽²⁾			-
Options to purchase common stock			13,705				13,751
Total			111,592				106,512

(1)	The conversion of the Convertible Notes and Senior Notes to common stock is dependent on the price of SPAC transaction or other equity offering and the completion date of such offerings. These factors are not estimable, therefore, the number of common stock is not determinable.

(2)	The Tasly Convertible Notes issued between June and August 2023 and completed in February 2024 are convertible upon occurrence of various conversion scenarios. Therefore, the number of common stock shares issuable upon their conversion is not currently estimable.