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Convertible Preferred Shares and Shareholders' Equity (Deficit) (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Equity [Abstract]    
Schedule of convertible preferred stock
As of September 30, 2025 and December 31, 2024, Convertible Preferred Shares consisted of the following (in thousands, except share amounts):
September 30, 2025
Preferred
Shares
Authorized
Preferred
Shares Issued
and
Outstanding
Carrying
Value
Liquidation Preference
Ordinary Shares
Issuable Upon
Conversion
Series A Preferred Shares5,000,0002,890$4,000 $— 2,890,000
December 31, 2024
Preferred
Stock
Authorized
Preferred
Stock Issued
and
Outstanding
Carrying
Value
Liquidation
Preference
Common Stock
Issuable Upon
Conversion
Series Seed Preferred Stock20,000,00020,000,000$4,000 $4,000 20,000,000
As of December 31, 2024, Convertible Preferred Stock consisted of the following (in thousands, except share amounts):
December 31, 2024
Preferred Stock Authorized
Preferred Stock Issued and Outstanding
Carrying Value
Liquidation Preference
Common Stock Issuable Upon Conversion
Series Seed Preferred Stock
20,000,000 20,000,000 $4,000 $4,000 20,000,000 
20,000,000 20,000,000 $4,000 $4,000 20,000,000