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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue $ 114,203 $ 15,606
Cost of goods sold 258,040 98,867
Gross profit (loss) (143,837) (83,261)
Operating expenses    
Research and development expenses 28,542 22,758
Selling, general and administrative expenses 85,110 60,047
Loss from write-down of property, plant and equipment 1,781 9,133
Total operating expenses 115,433 91,938
Operating income (loss) (259,270) (175,199)
Other (expense) income    
Change in fair value of debt - related party 18,053 33,823
Change in fair value of warrants (279,861) (171,226)
(Loss) gain on debt extinguishment (52,652) 68,478
Induced conversion expense (63,471) 0
Other expense (2,359) (8,120)
Loss before income taxes (969,623) (685,849)
Income tax expense 24 21
Net loss attributable to shareholders (969,647) (685,870)
Remeasurement of Preferred Stock - related party (770,661) (278,330)
Down round deemed dividend (4,456) 0
Net loss attributable to common shareholders (1,744,764) (964,200)
Other comprehensive loss attributable to common shareholders    
Change in fair value of debt - credit risk - related party (87,317) (43,490)
Foreign currency translation adjustment 16 (13)
Comprehensive loss attributable to common shareholders $ (1,832,065) $ (1,007,703)
Basic and diluted loss per share attributable to common shareholders    
Basic (in dollars per share) $ (6.69) $ (4.55)
Diluted (in dollars per share) $ (6.69) $ (4.55)
Weighted average shares of common stock    
Basic (in shares) 260,834,731 212,039,775
Diluted (in shares) 260,834,731 212,039,775
Nonrelated Party    
Other (expense) income    
Interest expense, net $ (13,329) $ (8,718)
Change in fair value of derivatives 76,467 0
Related Party    
Other (expense) income    
Interest expense, net (9,926) (19,499)
Change in fair value of derivatives $ (383,275) $ (405,388)