| Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis |
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March 31, 2025 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total Fair Value |
Cash equivalents: |
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Money market funds |
$ |
370,986 |
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$ |
— |
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$ |
— |
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$ |
370,986 |
Subtotal |
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370,986 |
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— |
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— |
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370,986 |
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Liabilities: |
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Contingent value rights |
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— |
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— |
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(292,901) |
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(292,901) |
Contingent forward contract |
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— |
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— |
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(5,406,033) |
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(5,406,033) |
Earnout consideration |
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— |
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(2,110,896) |
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— |
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(2,110,896) |
Subtotal |
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— |
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(2,110,896) |
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(5,698,934) |
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(7,809,830) |
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Total |
$ |
370,986 |
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$ |
(2,110,896) |
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$ |
(5,698,934) |
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$ |
(7,438,844) |
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December 31, 2024 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total Fair Value |
Cash equivalents: |
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Money market funds |
$ |
368,138 |
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$ |
— |
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$ |
— |
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$ |
368,138 |
Subtotal |
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368,138 |
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— |
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— |
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368,138 |
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Current Liabilities: |
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Contingent value rights |
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— |
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— |
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(312,080) |
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(312,080) |
Embedded derivative liability |
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(82,281) |
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(82,281) |
Earnout consideration |
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— |
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(2,500,000) |
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— |
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(2,500,000) |
Subtotal |
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— |
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(2,500,000) |
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(394,361) |
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(2,894,361) |
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Total |
$ |
368,138 |
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$ |
(2,500,000) |
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$ |
(394,361) |
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$ |
(2,526,223) |
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| Schedule of Reconciliations of Recurring Fair Value Measurements |
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Three Months Ended March 31, 2025 |
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Contingent value rights |
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Embedded derivative liability |
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Contingent forward contract |
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Total |
December 31, 2024 |
$ |
(312,080) |
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$ |
(82,281) |
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$ |
— |
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$ |
(394,361) |
Additions |
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— |
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— |
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(5,515,525) |
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(5,515,525) |
Extinguishment of debt |
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— |
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82,281 |
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— |
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82,281 |
Fair value adjustments |
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19,179 |
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— |
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109,492 |
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128,671 |
March 31, 2025 |
$ |
(292,901) |
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$ |
— |
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$ |
(5,406,033) |
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$ |
(5,698,934) |
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Three Months Ended March 31, 2024 |
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Contingent value rights |
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Warrant Liability |
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Earnout consideration |
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Total |
December 31, 2023 |
$ |
(1,691,072) |
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$ |
— |
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$ |
(3,500,000) |
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$ |
(5,191,072) |
Reclassification from equity |
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— |
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(10,592,220) |
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— |
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(10,592,220) |
Fair value adjustments |
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376,085 |
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3,728,593 |
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350,000 |
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4,454,678 |
March 31, 2024 |
$ |
(1,314,987) |
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$ |
(6,863,627) |
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$ |
(3,150,000) |
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$ |
(11,328,614) |
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