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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Measurements [Abstract]

Schedule of Company’s Liabilities that are Measured at Fair Value

The following table presents information about the Company’s liabilities that are measured at fair value as of March 31, 2025 and December 31, 2024 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

				March 31,				December 31,
Description:		Level		2025				2024
Derivative Liabilities:
Forward purchase agreement		3		$	1,134,400			$	6,404,100
Warrants – Series A		3		$	689,500			$	4,955,300
Warrants – Series C and D		3		$	11,031,300			$	13,913,250

Schedule of Fair Value Measurement of the FPA

The fair value measurement of the FPA at March 31, 2025 and December 31, 2024 was calculated using the following range of weighted average assumptions: 

		March 31,				December 31,
		2025				2024
Risk-free interest rate			3.91	%			4.25	%
Stock price		$	6.00			$	35.00
Expected life			1.8 years				2.1 years
Expected volatility of underlying stock			125.0	%			105.0	%
Dividends			0	%			0	%

Schedule of Determine the Fair Value

The Company utilized a Monte Carlo simulation analysis to determine the fair value of the Series A Warrants and Series B Warrants at the date of issuance (March 15, 2024), which included the following assumptions:

		Series A Warrants				Series B Warrants
Expected term (in years)			5.7 years				5.7 years
Stock price		$	87.00			$	87.00
Risk free rate			4.2	%			4.2	%
Expected volatility			82.5	%			82.5	%
Expected dividend rate		$	0.00			$	0.00
Exercise Price		$	37.50			$	0.01

The Company utilized a Monte Carlo simulation analysis to determine the fair value of the Series A Warrants at March 31, 2025, which included the following assumptions:

		Series A Warrants
Expected term			4.7 years
Stock price		$	6.00
Risk free rate			4.0	%
Expected volatility			120.0	%
Expected dividend rate		$	0.00
Exercise Price		$	16.37

The Company utilized a Monte Carlo simulation analysis to determine the fair value of the Series C Warrants and Series D Warrants at the date of issuance on August 30, 2024, which included the following assumptions:

		Series C Warrants				Series D Warrants
Expected term			5.6 years				5.6 years
Stock price		$	16.00			$	16.00
Risk free rate			3.7	%			3.7	%
Expected volatility			105.0	%			105.0	%
Expected dividend rate		$	0.00			$	0.00
Exercise Price		$	16.37			$	0.0050

The Company utilized a Monte Carlo simulation analysis to determine the fair value of the Series C Warrants and Series D Warrants at March 31, 2025, which included the following assumptions:

		Series C Warrants				Series D Warrants
Expected term (in years)			5.7 years				5.7 years
Stock price		$	6.00			$	6.00
Risk free rate			4.0	%			4.0	%
Expected volatility			120.0	%			120.0	%
Expected dividend rate		$	0.00			$	0.00
Exercise Price		$	16.37			$	0.0050

Schedule of Recurring Basis Using Significant Unobservable Inputs (Level 3)

The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended March 31, 2025.

		Fair Value
		Measurement
		Using Level 3
Forward Purchase Agreement		Inputs Total
Balance, December 31, 2024		$	6,404,100
Change in fair value			(5,269,700	)
Balance, March 31, 2025			1,134,400

		Fair Value
		Measurement
		Using Level 3
Warrants – Series A		Inputs Total
Balance, December 31, 2024		$	4,955,300
Change in fair value			(4,265,800	)
Balance, March 31, 2025			689,500

		Fair Value
		Measurement
		Using Level 3
Warrants – Series C and D		Inputs Total
Balance, December 31, 2024		$	13,913,250
Change in fair value			(2,881,950	)
Balance, March 31, 2025			11,031,300

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Tabular disclosure of fair value assumption of warrants.

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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/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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-Topic 820
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Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

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