v3.25.4
BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 56,319  
Loan receivable 3,668,500  
Deferred transaction costs 1,401,323  
Prepaid and other current assets 155,501  
Total current assets 5,281,643  
Non-current assets:    
Due from related party, non-current 126,275  
Property and equipment, net 941  
Total non-current assets 127,216  
Total assets 5,408,859  
Current liabilities:    
Accounts payable and accrued expenses 1,483,253  
Accrued interest, related parties 955,119  
Accrued maintenance fee 360,000  
Short-term debt, related parties 19,973,000  
Total liabilities 24,748,922  
Commitments and Contingencies (Note 4)  
Members' deficit:    
Additional paid-in capital 9,323,403  
Accumulated deficit (28,665,216)  
Total liabilities and stockholders' deficit 5,408,859  
Liminatus Pharma, LLC    
Current assets:    
Cash 56,000 $ 434,000
Loan receivable 3,669,000 819,000
Due from related party, current   126,000
Deferred transaction costs 1,401,000 840,000
Prepaid and other current assets 156,000 22,000
Total current assets 5,282,000 2,241,000
Non-current assets:    
Due from related party, non-current 126,000  
Property and equipment, net 1,000 1,000
Total non-current assets 127,000 1,000
Total assets 5,409,000 2,242,000
Current liabilities:    
Accounts payable and accrued expenses 1,484,000 933,000
Accrued interest, related parties 955,000 616,000
Accrued maintenance fee 360,000  
Short-term debt, related parties 19,973,000 16,050,000
Total liabilities 24,749,000 18,036,000
Commitments and Contingencies (Note 4)
Members' deficit:    
Additional paid-in capital 4,611,000 4,611,000
Accumulated deficit (28,665,000) (25,119,000)
Total members' deficit (19,340,000) (15,794,000)
Total liabilities and stockholders' deficit 5,409,000 2,242,000
Class A Member Units | Liminatus Pharma, LLC    
Members' deficit:    
Members capital 4,547,000 4,547,000
Class B Member Units | Liminatus Pharma, LLC    
Members' deficit:    
Members capital 167,000 167,000
Non related party    
Current liabilities:    
Due to related parties 1,782,297  
Non related party | Liminatus Pharma, LLC    
Current liabilities:    
Due to related parties 1,782,000 242,000
Related party    
Current liabilities:    
Due to related parties 195,253  
Short-term debt, related parties 19,973,000  
Related party | Liminatus Pharma, LLC    
Current liabilities:    
Due to related parties 195,000 195,000
Short-term debt, related parties $ 19,973,000 $ 16,050,000