v3.25.2
Convertible Debt and Promissory Notes- ReShape (Tables)
6 Months Ended
Jun. 30, 2025
Convertible Debt and Promissory Notes- ReShape [Line Items]  
Schedule of Convertible Debt and Accrued Expense

The fair value amount of the convertible debt and accrued expense is summarized as follows:

 

   June 30,   December 31, 
   2025   2024 
Current portion        
Conversion rate at 70% of Merger Valuation  $700,494   $487,206 
Conversion rate at 75% of Qualified Financing   3,333,887    3,102,204 
           
Total  $4,034,481   $3,589,410 
Schedule of Change in Fair Value of the Convertible Notes Changes in the fair value of the Convertible Notes for the six months ended June 30, 2025 and 2024 are summarized as follows:
   Six months ended   Six months ended 
   June 30,
2025
   June 30,
2024
 
Balance, beginning of the period  $3,589,410   $2,930,888 
Additional notes issued   191,253    340,000 

Interest accrued

   103,045    92,200 
Change in fair value   150,673    17,996 
Total  $4,034,381   $3,381,084 
Schedule of Risk Free Rate as at the Valuation Date The risk-free rate used in the analysis is based on the yield on a US Government zero-coupon bond, interpolated for the period that corresponds to the time to liquidity as at the valuation date.
   June 30,
2025
   December 31,
2024
 
Adjusted Interest rate   4.41% to 4.45%   4.16% to 4.40%
Time to Financing Date   1-3 months    6-8 months 
Promissory Notes - ReShape [Member]  
Convertible Debt and Promissory Notes- ReShape [Line Items]  
Schedule of Change in Fair Value of the Convertible Notes Changes in the fair value of the Convertible Notes for the six months ended June 30, 2025, are summarized as follows:
   Six months ended 
   June 30,
2025
 
Balance, beginning of the period  $
0
 
Borrowings   600,000 

Interest accrued

   5,431 
Change in fair value   (181,184)
Total  $424,247