v3.25.2
Member's Deficit (Tables)
3 Months Ended
Mar. 31, 2025
Member’s Deficit [Abstract]  
Schedule of Convertible Preferred Units During the three months ended March 31, 2025, the Company issued 7,050,000 convertible preferred units in exchange for $1.00 per unit for gross proceeds of $7,050,000 (the “Q1 2025 Preferred Units”) as follows:
   Convertible
preferred units
   Gross proceeds 
January 2025   500,000   $500,000 
February 2025   2,700,000    2,700,000 
March 2025   3,850,000    3,850,000 
Total   7,050,000   $7,050,000 
Schedule of Convertible Conversion Ratio

The Q1 2025 Preferred Units have the same rights, preferences, privileges and restrictions as the outstanding convertible preferred units with the exception of the conversion ratio, which were as follows:

 

   Convertible
Preferred Units
   Conversion
Ratio
   New EM
common shares
 
January 2025   500,000   5:1    100,000 
February 2025   2,700,000   5:1    540,000 
March 2025   1,850,000   5:1    370,000 
March 2025   2,000,000   1:1    2,000,000 
Total   7,050,000        3,010,000