| Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis |
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September 30, 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 |
$ |
883,328 |
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$ |
— |
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$ |
— |
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$ |
883,328 |
Subtotal |
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883,328 |
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— |
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— |
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883,328 |
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Liabilities: |
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Contingent value rights |
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— |
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— |
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(288,948) |
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(288,948) |
Subtotal |
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— |
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— |
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(288,948) |
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(288,948) |
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Total |
$ |
883,328 |
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$ |
— |
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$ |
(288,948) |
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$ |
594,380 |
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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 September 30, 2025 |
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Contingent value rights |
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Total |
June 30, 2025 |
$ |
(292,901) |
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$ |
(292,901) |
Fair value adjustments |
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3,953 |
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3,953 |
September 30, 2025 |
$ |
(288,948) |
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$ |
(288,948) |
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Three Months Ended September 30, 2024 |
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Contingent value rights |
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Warrant liability |
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Embedded derivative liability |
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Earnout consideration |
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Total |
June 30, 2024 |
$ |
(1,198,212) |
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$ |
(9,806,409) |
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$ |
(1,055,600) |
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$ |
(2,700,000) |
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$ |
(14,760,221) |
Additions |
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— |
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— |
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(16,664) |
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— |
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(16,664) |
Warrant exercise |
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— |
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— |
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— |
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— |
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— |
Fair value adjustments |
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(14,051) |
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(1,435,845) |
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587,271 |
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— |
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(862,625) |
Reclassification to equity |
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— |
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11,242,254 |
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— |
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— |
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11,242,254 |
September 30, 2024 |
$ |
(1,212,263) |
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$ |
— |
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$ |
(484,993) |
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$ |
(2,700,000) |
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$ |
(4,397,256) |
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Nine Months Ended September 30, 2025 |
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Contingent value rights |
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Warrant liability |
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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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$ |
— |
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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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(9,399,054) |
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— |
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(5,515,525) |
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(14,914,579) |
Extinguishment of debt |
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— |
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— |
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82,281 |
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— |
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82,281 |
Warrant exercise |
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— |
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16,662,707 |
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— |
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— |
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16,662,707 |
Fair value adjustments |
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23,132 |
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(7,531,044) |
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— |
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899,080 |
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(6,608,832) |
Settlement |
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— |
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267,391 |
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— |
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4,616,445 |
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4,883,836 |
September 30, 2025 |
$ |
(288,948) |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
(288,948) |
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Nine Months Ended September 30, 2024 |
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Contingent value rights |
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Warrant liability |
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Embedded derivative 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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$ |
— |
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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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— |
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(10,592,220) |
Additions |
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— |
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— |
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(16,664) |
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— |
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(16,664) |
Warrant exercise |
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— |
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324,789 |
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— |
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— |
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324,789 |
Fair value adjustments |
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478,809 |
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(974,823) |
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(468,329) |
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800,000 |
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(164,343) |
Reclassification to equity |
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— |
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11,242,254 |
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— |
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— |
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11,242,254 |
September 30, 2024 |
$ |
(1,212,263) |
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$ |
— |
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$ |
(484,993) |
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$ |
(2,700,000) |
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$ |
(4,397,256) |
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