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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Taxes [Line Items] |
Schedule of Effective Tax Rate and the Federal Statutory Income Tax Rate | The following table presents the principal reasons for the difference between the effective tax rate and the federal statutory income tax rate (in thousands):
|  | Year Ended December 31
|  | 2024 |  | 2023
Tax benefit at U.S. federal statutory rate |  | 21.00 | % |  | (1,941 | ) |  | 21.00 | % |  | (2,159 | )
State Tax, net of federal benefit |  | 14.58 | % |  | (1,347 | ) |  | 0.14 | % |  | (14 | )
Permanent difference |  | (0.06 | )% |  | 6 |  |  | (0.06 | )% |  | 6 |
Prior-Year deferred taxes adjustment |  | 0.32 | % |  | (30 | ) |  | (0.57 | )% |  | 58 |
Change of valuation allowance |  | (35.84 | )% |  | 3,312 |  |  | (20.51 | )% |  | 2,109 |
Effective income tax rate |  | 0.00 | % |  | — |  |  | 0.00 | % |  | — |
Schedule of Provision for Income Taxes | The components of the provision for income taxes are as follows (in thousands):
|  | Year Ended December 31,
|  | 2024 |  | 2023
Current: |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | — |
State |  |  | — |  |  |  | — |
Foreign |  |  | — |  |  |  | — |
|  |  | — |  |  |  | — |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | (1,607 | ) |  |  | 2,127 |
State and local |  |  | (1,705 | ) |  |  | (18 | )
|  |  | (3,312 | ) |  |  | 2,109 |
Less: change in valuation allowance |  |  | 3,312 |  |  |  | (2,109 | )
Total provision for income taxes |  | $ | — |  |  | $ | — |
Schedule of Deferred Tax Assets | Significant components of the Company’s deferred tax assets as of December 31, 2024 and 2023 were as follows (in thousands):
|  | Year Ended December 31,
|  | 2024 |  | 2023
Deferred tax assets: |  |  |  |  |  |  |  |
Accrued expenses & other |  | $ | 70 |  |  | $ | 38 |
Depreciation and amortization |  |  | 7 |  |  |  | 2 |
Stock based compensation |  |  | 52 |  |  |  | 38 |
Convertible debt |  |  | 93 |  |  |  | 5 |
Capitalized R&D |  |  | 1,549 |  |  |  | 1,542 |
Net operating loss carryforward |  |  | 32,173 |  |  |  | 29,033 |
R&D credit carryforward |  |  | 3,511 |  |  |  | 3,485 |
Other |  |  | — |  |  |  | — |
|  |  | 37,455 |  |  |  | 34,143 |
Less: valuation allowance |  |  | (37,455 | ) |  |  | (34,143 | )
NorthView Acquisition Corp [Member] |
Income Taxes [Line Items] |
Schedule of Effective Tax Rate and the Federal Statutory Income Tax Rate | A reconciliation of the federal income tax rate to the Company’s effective tax rate is as follows:
|  | December 31, 2024 |  | December 31, 2023
Statutory federal income tax rate |  | 21.0 | % |  | 21.0 | %
Prior Year Trueup |  | 0.00 |  |  | 0.00 |
Change in fair value of warrant liabilities |  | (18.7 | ) |  | (11.4 | )
Business combination expenses |  | 0.00 |  |  | 5.8 |
Penalties and interest |  | 0.00 |  |  | 0.2 |
Change in valuation allowance |  | (3.0 | ) |  | 12.6 |
Income tax provision |  | (0.90 | )% |  | 28.2 | %
Schedule of Provision for Income Taxes | The income tax provision consists of the following:
|  | For the Year Ended December 31, 2024 |  | For the Year Ended December 31, 2023
Federal |  |  |  |  |  |  |  |
Current |  | $ | 94,174 |  |  | $ | 480,069 |
Deferred |  |  | (271,945 | ) |  |  | (226,991 | )
State |  |  |  |  |  |  |  |
Change in valuation allowance |  |  | 258,284 |  |  |  | 203,712 |
Income tax provision |  | $ | 80,513 |  |  | $ | 456,790 |
Schedule of Deferred Tax Assets | The Company’s net deferred tax assets are as follows:
|  | December 31, 2024 |  | December 31, 2023
Deferred tax asset/(liability) |  |  |  |  |  |  |  |
Organizational costs/Startup expenses |  | $ | 694,480 |  |  | $ | 436,196 |
Unrealized gain/loss – Trust |  |  | — |  |  |  | (13,661 | )
Net deferred tax asset |  |  | 694,480 |  |  |  | 422,535 |
Valuation allowance |  |  | (694,480 | ) |  |  | (436,196 | )
Deferred tax (liability), net of allowance |  | $ | — |  |  | $ | (13,661 | )

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