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Capital Structure (Tables) | 12 Months Ended
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Dec. 31, 2024
Capital Structure [Abstract] |
Schedule of Common Stock or Capital Structure | As a part of the securities purchase agreement on December 20, 2024, the following warrants were issued, all of which contain standard anti-dilution protections in the event of subsequent rights offerings, stock splits, stock dividends or other extraordinary dividends, or other similar changes in the Company’s common stock or capital structure, and none of which have any participating rights for any losses(2):
Securities into which warrants are convertible |  | Warrants outstanding |  |  | Exercise Price |  |  | Expiration Date |  | Fair value |
Series A |  |  | 82,816 |  |  | $ | 301.88 |  |  | January 2030 |  | $ | 5,268,691 |
Series B |  |  | 82,816 |  |  | $ | 301.88 |  |  | July 2027 |  |  | 17,075,456 |
Total |  |  | 165,632 |  |  |  |  |  |  |  |  | $ | 22,344,147 |
Schedule of Fair Value of Warrants | The Company used the following assumptions:
|  | Series A Warrants |  |  | Series B Warrants |
Fair value of underlying securities |  | $ | 0.4689 |  |  | $ | 0.4689 |
Expected volatility |  |  | 159.8 | % |  |  | 159.8 | %
Expected term (in years) |  |  | 5.0 |  |  |  | 5.0 |
Risk-free interest rate |  |  | 4.28 | % |  |  | 4.28 | %
The Company used the following assumptions:
|  | Initial Public Offering Warrants |  |  | Private Placement Warrants |
Fair value of underlying securities |  | $ | 2.88 |  |  | $ | 1.37 |
Expected volatility |  |  | 51.0 | % |  |  | 45.0 | %
Expected term (in years) |  |  | 5.0 |  |  |  | 5.0 |
Risk-free interest rate |  |  | 1.13 | % |  |  | 2.92 | %
The Company used the following assumptions:
|  | Series A Warrants |  |  | Series B Warrants |
Fair value of underlying securities |  | $ | 0.85 |  |  | $ | 0.85 |
Expected volatility |  |  | 161.78 | % |  |  | 161.78 | %
Expected term (in years) |  |  | 5.0 |  |  |  | 5.0 |
Risk-free interest rate |  |  | 4.29 | % |  |  | 4.29 | %
Schedule of Securities Warrants are Convertible | The following warrants were outstanding as of December 31, 2024, all of which contain standard anti-dilution protections in the event of subsequent rights offerings, stock splits, stock dividends or other extraordinary dividends, or other similar changes in the Company’s common stock or capital structure, and none of which have any participating rights for any losses:
Securities into which warrants are convertible |  | Warrants outstanding |  |  | Exercise Price |  |  | Expiration Date |  | Fair value |
Common stock (Initial Public Offering)(1) |  |  | 9 |  |  | $ | 40,650 |  |  | October 2026 |  | $ | 170,397 |
Common stock (Private Placement)(1) |  |  | 426 |  |  | $ | 140,625 |  |  | April 2027 |  |  | 6,071,114 |
Common stock (Series A)(2) |  |  | 277,778 |  |  | $ | 90 |  |  | January 2030 |  |  | 6,581,789 |
Common stock (Series B)(2) |  |  | 82,816 |  |  | $ | 301.88 |  |  | July 2027 |  |  | 21,122,138 |
Total |  |  | 361,029 |  |  |  |  |  |  |  |  | $ | 33,945,438 |
Securities into which warrants are convertible |  | Warrants outstanding |  |  | Exercise Price |  |  | Expiration Date |  | Fair value |
Common stock (Initial Public Offering) |  |  | 9 |  |  | $ | 140,625 |  |  | October 2026 |  | $ | 170,397 |
Common stock (Private Placement) |  |  | 473 |  |  | $ | 40,650 |  |  | April 2027 |  |  | 6,745,681 |
Total |  |  | 482 |  |  |  |  |  |  |  |  | $ | 6,916,078 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition The entire disclosure for the formation, structure, control and ownership of the partnership. Disclosures related to accounts comprising partners' capital. Includes balances of general partners' capital account, limited partners' capital account, preferred partners' capital account and total partners' capital account and units outstanding; accumulated other comprehensive income; amount and nature of changes to amount of partner's capital and units outstanding by class, rights and privileges for each class of units; distribution policies and distributions paid by unit class; impact of and correction of an error in previously issued financial statements; limitations of partners' liability; redemption, conversion and distribution policies; and deferred compensation related to the issuance of units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 + Details
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