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Segment Reporting
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 3 – Segment Reporting

 

Our Chief Operating Decision Maker (“CODM”), the Chief Executive Officer, manages the Company’s business activities as a single operating and reportable segment at the consolidated level. Accordingly, our CODM uses consolidated net income (loss) to measure segment profit or loss, allocate resources and assess performance. Further, the CODM reviews and utilizes natural expenses, such as employee wages and benefits at a consolidated level, to manage the Company’s operations and strategic growth initiatives.

 

The following table presents segment information of revenue, significant expenses and net loss (in thousands):

 

   Year Ended December 31, 
   2025   2024   2023 
Revenue  $682   $373   $358 
Less:               
Salaries and employee related costs   14,609    9,534    9,745 
Stock-based compensation   8,677    5,805    4,555 
Rent and facilities   1,574    751    575 
Professional services and legal fees   14,483    2,959    3,963 
Technology & IT costs   3,067    1,062    1,198 
Other sales and marketing costs   2,457    734    1,471 
Direct and indirect materials   
-
    99    39 
Depreciation and amortization expense   4,404    3,798    3,307 
Other operational expense   2,488    1,667    1,787 
Operating loss   (51,077)   (25,937)   (26,243)
Other income (loss)               
Interest and other income (expense), net   20,718    423    295 
Interest expense   (65)   (2,496)   (1,602)
Change in fair value of derivative liability   11,750    (40,532)   528 
Segment net loss  $(18,674)  $(68,542)  $(27,022)