XML 20 R5.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) / PARENT NET INVESTMENT - USD ($)
Total
Flame Acquisition Corp [Member]
Prior to Business Combination [Member]
Redeemable shares reclassified to Common Stock [Member]
Common Class A [Member]
Flame Acquisition Corp [Member]
Common Class B [Member]
Flame Acquisition Corp [Member]
Common Stock [Member]
Common Stock [Member]
Prior to Business Combination [Member]
Common Stock [Member]
Redeemable shares reclassified to Common Stock [Member]
Common Stock [Member]
Common Class A [Member]
Flame Acquisition Corp [Member]
Common Stock [Member]
Common Class B [Member]
Flame Acquisition Corp [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
Prior to Business Combination [Member]
Additional Paid-in Capital [Member]
Redeemable shares reclassified to Common Stock [Member]
Accumulated Deficit [Member]
Accumulated Deficit [Member]
Flame Acquisition Corp [Member]
Accumulated Deficit [Member]
Prior to Business Combination [Member]
Accumulated Deficit [Member]
Redeemable shares reclassified to Common Stock [Member]
Beginning balance (in shares) at Dec. 31, 2021                   0 7,187,500              
Beginning balance at Dec. 31, 2021   $ (12,939,436)               $ 0 $ 719         $ (12,940,155)    
Initial fair value adjustment of convertible promissory notes – related parties   52,126                           52,126    
Remeasurement of Class A common stock subject to possible redemption   (2,847,008)                           (2,847,008)    
Net loss   (2,590,948)                           (2,590,948)    
Ending balance (in shares) at Dec. 31, 2022         0 7,187,500       0 7,187,500              
Ending balance at Dec. 31, 2022   (18,325,266)               $ 0 $ 719         (18,325,985)    
Parent Net Investment [Roll Forward]                                    
Net loss   (2,590,948)                           (2,590,948)    
Ending balance at Dec. 31, 2022 $ 362,596,000                                  
Net loss (23,193,000)                                  
Parent Net Investment [Roll Forward]                                    
Contributions from parent 19,747,000                                  
Net loss (23,193,000)                                  
Ending balance at Mar. 31, 2023 359,150,000                                  
Beginning balance (in shares) at Dec. 31, 2022         0 7,187,500       0 7,187,500              
Beginning balance at Dec. 31, 2022   (18,325,266)               $ 0 $ 719         (18,325,985)    
Net loss (45,501,000)                                  
Beginning balance at Dec. 31, 2022 362,596,000                                  
Parent Net Investment [Roll Forward]                                    
Net loss (45,501,000)                                  
Ending balance at Jun. 30, 2023 354,285,000                                  
Beginning balance (in shares) at Dec. 31, 2022         0 7,187,500       0 7,187,500              
Beginning balance at Dec. 31, 2022   (18,325,266)               $ 0 $ 719         (18,325,985)    
Initial fair value adjustment of convertible promissory notes – related parties   533,200                           533,200    
Remeasurement of Class A common stock subject to possible redemption   (3,301,702)                           (3,301,702)    
Conversion of Class B common stock to Class A common stock (Shares)                   7,187,500 (7,187,500)              
Conversion of Class B common stock to Class A common stock                   $ 719 $ (719)              
Excise tax on Class A common stock redemptions   (2,308,378)                           (2,308,378)    
Net loss   (32,180,557)                           (32,180,557)    
Ending balance (in shares) at Dec. 31, 2023         7,187,500 0       7,187,500 0              
Ending balance at Dec. 31, 2023 339,021,000 (55,582,703)               $ 719 $ 0         (55,583,422)    
Beginning balance at Dec. 31, 2022 362,596,000                                  
Parent Net Investment [Roll Forward]                                    
Net loss   $ (32,180,557)                           $ (32,180,557)    
Ending balance at Dec. 31, 2023 339,021,000                                  
Net loss (22,308,000)                                  
Beginning balance at Mar. 31, 2023 359,150,000                                  
Parent Net Investment [Roll Forward]                                    
Contributions from parent 17,443,000                                  
Net loss (22,308,000)                                  
Ending balance at Jun. 30, 2023 354,285,000                                  
Net loss (11,789,000)                                  
Ending balance (in shares) at Feb. 13, 2024             13,141,359 7,187,500 5,953,859                  
Ending balance at Feb. 13, 2024 (19,068,000)   $ (81,017,000) $ 61,949,000     $ 2,000 $ 1,000 $ 1,000     $ 61,948,000 $ 0 $ 61,948,000 $ (81,018,000)   $ (81,018,000) $ 0
Beginning balance at Dec. 31, 2023 339,021,000                                  
Parent Net Investment [Roll Forward]                                    
Contributions from parent 22,474,000                                  
Net loss (11,789,000)                                  
Ending balance at Feb. 13, 2024 $ 349,706,000                                  
Private offering proceeds, net (in shares) 44,000,000                                  
Ending balance (in shares) at Feb. 14, 2024 60,166,269                                  
Beginning balance (in shares) at Feb. 13, 2024             13,141,359 7,187,500 5,953,859                  
Beginning balance at Feb. 13, 2024 $ (19,068,000)   (81,017,000) 61,949,000     $ 2,000 $ 1,000 $ 1,000     61,948,000 0 61,948,000 (81,018,000)   (81,018,000) 0
Private offering proceeds, net (in shares)             44,024,910                      
Private offering proceeds, net 417,371,000           $ 4,000         417,367,000            
Issuance of merger consideration shares (in shares)             3,000,000                      
Issuance of merger consideration shares 36,300,000                     36,300,000            
Shared based compensation (in shares)             2,758,334                      
Shared based compensation 10,080,000                     10,080,000            
Net loss (180,105,000)                           (180,105,000)      
Ending balance (in shares) at Mar. 31, 2024             62,924,603                      
Ending balance at Mar. 31, 2024 264,578,000           $ 6,000         525,695,000     (261,123,000)      
Beginning balance at Feb. 13, 2024 349,706,000                                  
Parent Net Investment [Roll Forward]                                    
Net loss (180,105,000)                           (180,105,000)      
Beginning balance (in shares) at Feb. 13, 2024             13,141,359 7,187,500 5,953,859                  
Beginning balance at Feb. 13, 2024 $ (19,068,000)   $ (81,017,000) $ 61,949,000     $ 2,000 $ 1,000 $ 1,000     61,948,000 $ 0 $ 61,948,000 (81,018,000)   $ (81,018,000) $ 0
Issuance of merger consideration shares (in shares) 3,000,000                                  
Issuance of merger consideration shares $ 36,300,000                                  
Net loss $ (345,541,000)                                  
Ending balance (in shares) at Jun. 30, 2024 64,845,435           64,845,435                      
Ending balance at Jun. 30, 2024 $ 122,047,000           $ 6,000         548,600,000     (426,559,000)      
Beginning balance at Feb. 13, 2024 349,706,000                                  
Parent Net Investment [Roll Forward]                                    
Net loss (345,541,000)                                  
Ending balance at Jun. 30, 2024 0                                  
Beginning balance (in shares) at Mar. 31, 2024             62,924,603                      
Beginning balance at Mar. 31, 2024 264,578,000           $ 6,000         525,695,000     (261,123,000)      
Shared based compensation (in shares)             1,920,832                      
Shared based compensation 22,905,000                     22,905,000            
Net loss $ (165,436,000)                           (165,436,000)      
Ending balance (in shares) at Jun. 30, 2024 64,845,435           64,845,435                      
Ending balance at Jun. 30, 2024 $ 122,047,000           $ 6,000         $ 548,600,000     (426,559,000)      
Parent Net Investment [Roll Forward]                                    
Net loss (165,436,000)                           $ (165,436,000)      
Ending balance at Jun. 30, 2024 $ 0