XML 60 R50.htm IDEA: XBRL DOCUMENT v3.25.1
STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS - Narrative (Details)
$ / shares in Units, $ in Millions
1 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2025
USD ($)
shares
Mar. 11, 2025
USD ($)
shares
Dec. 31, 2024
Oct. 14, 2024
hurdle
$ / shares
Jun. 12, 2024
hurdle
$ / shares
Jan. 22, 2024
USD ($)
$ / shares
shares
Mar. 30, 2023
$ / shares
shares
Oct. 31, 2024
USD ($)
Feb. 29, 2024
USD ($)
Mar. 31, 2025
USD ($)
shares
Dec. 31, 2024
shares
May 02, 2025
$ / shares
shares
Nov. 30, 2023
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Total fair value of shares vested | $                   $ 0.4      
Rights Offering                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Sale of stock, authorized amount | $                         $ 80.0
Subscription price (in usd per share) | $ / shares           $ 11.30              
Shares issued in transaction (in shares)           7,079,646              
Rights offering amount | $           $ 80.0     $ 80.0        
Rights Offering, Basic Subscription Rights                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Shares issued in transaction (in shares)           4,574,113              
Rights Offering, Over-subscription Privileges                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Shares issued in transaction (in shares)           2,505,533              
Backstop Party | Rights Offering                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Shares issued in transaction (in shares)           3,100,000              
Common stock, subscriptions amount (in shares)           7,100,000              
Other Stockholders | Rights Offering                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Common stock, subscriptions amount (in shares)           9,700,000              
RSUs                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Unrecognized compensation costs | $ $ 4.6                 $ 4.6      
Weighted-average period of recognition (in years)                   1 year 1 month 17 days      
Vesting of RSUs and PSUs (in shares)                   19,805      
Employee Stock Option                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Vesting period (in years)             2 years            
Stock option units issued (in shares)             3,500,000            
Stock option units per share value (in usd per share) | $ / shares             $ 0.95            
Granted (in usd per share) | $ / shares             $ 6.00            
Expiration period (in years)             3 years            
Risk-free interest rate                   4.10%      
Dividend yield                   0.00%      
PSUs                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Vesting of RSUs and PSUs (in shares)                   0 0    
Equity-classified 2024 Executive PSUs                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Unrecognized compensation costs | $ 21.1                 $ 21.1      
Weighted-average period of recognition (in years)                   1 year 6 months 10 days      
Number of stock price hurdles | hurdle       4 4                
Risk-free interest rate       3.86% 4.46%                
Dividend yield       0.00% 0.00%                
Expected volatility       98.70% 95.73%                
Requisite service period (in years)       2 years 6 months 14 days 2 years 10 months 17 days                
Equity-classified 2024 Executive PSUs | Subsequent Event                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Stock hurdle price (in usd per share) | $ / shares                       $ 14.86  
Number of PSUs eligible to vest (in shares)                       295,022  
Equity-classified 2024 Executive PSUs | Share-Based Payment Arrangement, Tranche One                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Vesting rights, percentage       33.00% 33.00%                
Equity-classified 2024 Executive PSUs | Share-Based Payment Arrangement, Tranche Two                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Vesting rights, percentage       33.00% 33.00%                
Equity-classified 2024 Executive PSUs | Share-Based Payment Arrangement, Tranche Three                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Vesting rights, percentage       34.00% 34.00%                
Equity-classified 2024 Executive PSUs | Stock Price, Hurdle One                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Stock hurdle price (in usd per share) | $ / shares       $ 14.86 $ 14.86                
Equity-classified 2024 Executive PSUs | Stock Price, Hurdle Two                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Stock hurdle price (in usd per share) | $ / shares       20.14 20.14                
Equity-classified 2024 Executive PSUs | Stock Price, Hurdle Three                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Stock hurdle price (in usd per share) | $ / shares       31.01 31.01                
Equity-classified 2024 Executive PSUs | Stock Price, Hurdle Four                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Stock hurdle price (in usd per share) | $ / shares       $ 68.82 $ 68.82                
Liability-classified 2024 Executive PSUs                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Unrecognized compensation costs | $ $ 2.2                 $ 2.2      
Weighted-average period of recognition (in years)                   1 year 6 months      
Vesting of RSUs and PSUs (in shares)                   0      
Cash awards limit per annum | $               $ 5.0          
Risk-free interest rate 3.85%   4.21%         3.86%          
Dividend yield 0.00%   0.00%         0.00%          
Expected volatility 102.08%   100.27%         98.70%          
Requisite service period (in years) 2 years 29 days                        
Liability-classified 2024 Executive PSUs | Subsequent Event                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Stock hurdle price (in usd per share) | $ / shares                       $ 14.86  
Number of PSUs eligible to vest (in shares)                       21,562  
Major Rocket Incentive Shares                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Number of shares available for issuance (in shares)   954,000                      
Unrecognized compensation costs | $   $ 9.3                      
Expiration period (in years)   3 years                      
Minimum | RSUs                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Vesting period (in years)                   1 year      
Minimum | Major Rocket Incentive Shares                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Share-based payment award, financial performance benchmarks | $   $ 10.0                      
Maximum | RSUs                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Vesting period (in years)                   4 years      
Maximum | Major Rocket Incentive Shares                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Share-based payment award, financial performance benchmarks | $   $ 25.0                      
2011 Plan                          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                          
Share-based payment award, shares authorized (in shares) 20,775,000                 20,775,000      
Number of shares available for issuance (in shares) 6,005,860                 6,005,860