v3.25.4
Related Parties Related Party Debt - Feelux Bonds (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 15, 2018
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Related Parties Related Party Debt              
Amount borrowed   $ 1,442,500   $ 1,442,500   $ 19,973,000  
Exercise price of warrants   $ 11.5   $ 11.5      
Fair value   $ 123,579   $ 123,579      
Proceeds from bonds       4,340,000 $ 3,223,000    
Accrued interest, related parties   184,869   184,869   955,119  
Interest expense   19,052 $ 92,706 196,852 $ 232,718    
Liminatus Pharma, LLC              
Related Parties Related Party Debt              
Amount borrowed           19,973,000 $ 16,050,000
Proceeds from bonds           3,923,000 3,406,000
Accrued interest, related parties           955,000 616,000
Interest expense           339,000 175,000
Related party              
Related Parties Related Party Debt              
Amount borrowed   1,442,500   1,442,500   19,973,000  
Related party | Liminatus Pharma, LLC              
Related Parties Related Party Debt              
Amount borrowed           19,973,000 16,050,000
Related party | Feelux Bonds              
Related Parties Related Party Debt              
Amount borrowed $ 10,000,000         10,000,000  
Interest rate 1.00%            
Warrants issued 6,666,666            
Exercise price of warrants $ 1.5            
Fair value $ 6,400,000            
Contractual term 5 years            
Proceeds from bonds $ 10,000,000     0   10,000,000  
Debt discount $ 4,499,142            
Effective interest rate 21.00%            
Accrued interest, related parties   $ 0   $ 0   646,124  
Related party | Feelux Bonds | Liminatus Pharma, LLC              
Related Parties Related Party Debt              
Amount borrowed $ 10,000,000         10,000,000 10,000,000
Interest rate 1.00%            
Warrants issued 6,666,666            
Exercise price of warrants $ 1.5            
Fair value $ 6,400,000            
Contractual term 5 years            
Proceeds from bonds $ 10,000,000         10,000,000 10,000,000
Debt discount $ 4,500,000            
Effective interest rate 21.00%            
Accrued interest, related parties           600,000 500,000
Interest expense           $ 100,000 $ 100,000
Related party | Feelux Bonds | Expected stock volatility              
Related Parties Related Party Debt              
Measurement input 0.82            
Related party | Feelux Bonds | Expected stock volatility | Liminatus Pharma, LLC              
Related Parties Related Party Debt              
Measurement input 82            
Related party | Feelux Bonds | Risk-free interest rate              
Related Parties Related Party Debt              
Measurement input 0.029            
Related party | Feelux Bonds | Risk-free interest rate | Liminatus Pharma, LLC              
Related Parties Related Party Debt              
Measurement input 2.9            
Related party | Feelux Bonds | Expected dividends              
Related Parties Related Party Debt              
Measurement input 0            
Related party | Feelux Bonds | Expected dividends | Liminatus Pharma, LLC              
Related Parties Related Party Debt              
Measurement input 0