XML 32 R22.htm IDEA: XBRL DOCUMENT v3.25.2
Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

15. Subsequent Events

 

The Company has evaluated events that have occurred after the balance sheet and through the date the condensed consolidated financial statements were issued. Based upon the evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the financial statements, except as disclosed below:

 

Convertible Notes Payable

 

Subsequent to June 30, 2025, the Company entered into 2025 Notes with non-related party investors in the aggregate principal amount of $250,000.

 

Series D-1 Preferred Stock

 

Subsequent to June 30, 2025, principal and interest in the aggregate amount of $232,343, owed in connection with 2024 Notes was converted into 81,183 shares of Series D-1 Preferred Stock at the Conversion Price of $2.862. Any fractional shares issuable pursuant to the formula were rounded up to the next whole share of Series D-1 Preferred Stock.