v3.25.2
STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Loss from operations $ (264,000) $ (1,710,000) $ (3,330,000) $ (4,819,000)
Other income (expense):        
Interest income on investments held in Trust Account 52,000 19,000 123,000 10,000
Interest expense (116,000) (63,000) (339,000) (175,000)
Total other income (expense), net (64,000) (44,000) (216,000) (165,000)
Provision for income taxes     0 0
Net loss (328,000) (1,754,000) (3,546,000) (4,984,000)
Iris        
Formation and operating costs     (2,906,319) (2,577,946)
Forgiveness of unrelated vendor payables       275,000
Loss from operations (827,647) (721,754) (2,906,319) (2,302,946)
Other income (expense):        
Unrealized gain on change in fair value of warrant liabilities     19,044 566,202
Unrealized gain on change in fair value of derivative liability   2,202 2,202 102,226
Interest income on investments held in Trust Account 16,894 47,241 137,717 553,641
Interest expense (57,098) (1,339)    
Total other income (expense), net (62,119) (130,630) 20,861 1,110,715
Loss before income taxes (889,766) (852,384) (2,885,458) (1,192,231)
Provision for income taxes (1,616) (5,847) (18,841) (33,987)
Net loss $ (891,382) $ (858,231) $ (2,904,299) $ (1,226,218)
Weighted average shares outstanding - basic 7,055,859 7,275,074    
Weighted average shares outstanding - diluted 7,055,859 7,275,074    
Basic net loss per share $ (0.13) $ (0.12)    
Diluted net loss per share $ (0.13) $ (0.12)    
Class A common stock subject to possible redemption | Iris        
Other income (expense):        
Weighted average shares outstanding - basic 7,055,859 7,275,074 7,191,610 3,040,753
Weighted average shares outstanding - diluted     7,191,610 3,040,753
Basic net loss per share $ (0.13) $ (0.12) $ (0.4) $ (0.15)
Diluted net loss per share     $ (0.4) $ (0.15)
Class B common stock | Iris        
Other income (expense):        
Weighted average shares outstanding - basic       4,971,781
Weighted average shares outstanding - diluted       4,971,781
Basic net loss per share       $ (0.15)
Diluted net loss per share       $ (0.15)
Nonrelated Party | Iris        
Other income (expense):        
Interest expense     $ (136,763) $ (8,265)
Related party | Iris        
Other income (expense):        
Interest expense     $ (1,339) $ (103,089)