v3.25.4
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]            
Government grant revenue $ 75 $ 100 $ 100 $ 45
Operating expenses:            
Research and development 722 411 1,549 1,349 1,608 2,036
General and administrative 20,987 767 22,587 2,169 2,992 4,079
Total operating expenses 21,709 1,178 24,136 3,518 4,600 6,115
Loss from operations (21,709) (1,103) (24,136) (3,418) (4,500) (6,070)
Other income (expenses)            
Gain (loss) on change in the fair value of related party convertible debt 258 (320) (52) (427) (311) (22)
Gain on the change in fair value of warrant liabilities 884 884    
Loss on the change in fair value of digital assets (28) (28)    
Interest expense (169) (1,073) (2,496) (3,138) (4,424) (4,283)
Financing costs (1,443) (1,443)    
Other income (expense) 15 (1) 15 5    
Other income         5 94
Total other (expense) income, net (483) (1,394) (3,120) (3,560) (4,730) (4,211)
Net loss and comprehensive loss $ (22,192) $ (2,497) $ (27,256) $ (6,978) $ (9,230) $ (10,281)
Net loss per share, basic (in Dollars per share) $ (52.45) $ (96.62) $ (171.7) $ (270) $ (357.14) $ (398.05)
Net loss per share, Diluted (in Dollars per share) $ (52.45) $ (96.62) $ (171.7) $ (270) $ (357.14) $ (398.05)
Weighted-average common shares outstanding, basic (in Shares) 423,081 25,844 158,744 25,844 25,844 25,827
Weighted-average common shares outstanding, diluted (in Shares) 423,081 25,844 158,744 25,844 25,844 25,827