v3.25.2
BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets:      
Cash $ 35,000 $ 56,000 $ 434,000
Loan receivable 4,244,000 3,669,000 819,000
Due from related party, current     126,000
Deferred transaction costs 1,513,000 1,401,000 840,000
Prepaid and other current assets 206,000 156,000 22,000
Total current assets 5,998,000 5,282,000 2,241,000
Non-current assets:      
Due from related party, non-current 126,000 126,000  
Property and equipment, net 1,000 1,000 1,000
Total non-current assets 127,000 127,000 1,000
TOTAL ASSETS 6,125,000 5,409,000 2,242,000
Current liabilities:      
Accounts payable and accrued expenses 1,717,000 1,484,000 933,000
Accrued interest, related parties 1,071,000 955,000 616,000
Accrued maintenance fee 360,000 360,000  
Short-term debt, related parties 20,686,000 19,973,000 16,050,000
Total liabilities 25,793,000 24,749,000 18,036,000
COMMITMENTS AND CONTINGENCIES (Note 8)
Members' deficit:      
Additional paid-in capital 4,611,000 4,611,000 4,611,000
Accumulated deficit (28,993,000) (28,665,000) (25,119,000)
Total members' deficit (19,668,000) (19,340,000) (15,794,000)
Total liabilities and stockholder's deficit 6,125,000 5,409,000 2,242,000
Class A Member Units      
Members' deficit:      
Members capital 4,547,000 4,547,000 4,547,000
Class B Member Units      
Members' deficit:      
Members capital 167,000 167,000 167,000
Non related party      
Current liabilities:      
Due to related parties 1,782,000 1,782,000 242,000
Related party      
Current liabilities:      
Due to related parties 177,000 195,000 195,000
Short-term debt, related parties $ 20,686,000 $ 19,973,000 $ 16,050,000