v3.25.2
UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:        
Net loss $ (328) $ (1,754) $ (3,546) $ (4,984)
Changes in operating assets and liabilities:        
Prepaid and other current assets (50) (18) (134) (12)
Accounts payable and accrued expenses 121 6 (10) 425
Accrued maintenance fee   360 360  
Accrued interest, related parties 116 63 339 175
Due to research and development partner   469 1,540 242
Due to related parties, current (18) 2   (9)
Net cash provided by operating activities (159) (872) (1,451) (3,345)
Cash Flows from Investing Activities:        
Loans to IRIS Acquisition Corp (575) (700) (2,850) (819)
Net cash used in investing activities (575) (700) (2,850) (819)
Cash Flows from Financing Activities:        
Proceeds from issuance of short-term debt, related party 713 1,200 3,923 3,406
Repayment of short-term debt, related party   (36)   (3,856)
Net cash provided by (used in) financing activities 713 1,164 3,923 (450)
Net change in cash (21) (408) (378) (4,614)
Cash, beginning of the year 56 434 434 5,048
Cash, end of the year 35 $ 26 56 $ 434
Supplemental disclosure of non-cash financing and investing activities:        
Deferred transaction costs in accounts payable $ 112   $ 561