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Income Taxes (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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