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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of income tax expense for the year ended December 31, 2024 are as follows:
|  |  | Year Ended December 31, |
|  |  | 2024 |
Current |  |  |  |
Federal |  | $ | — |
State |  |  | 41 |
Total income taxes |  | $ | 41 |
Schedule of Statutory Federal Income Tax Rate Reconciliation | The following table represents a reconciliation of income tax expense (benefit) at the statutory federal income tax rate to the actual income tax expense from continuing operations:
|  |  |  | Year Ended December 31, |
|  |  |  | 2024 |  |  |  | 2023 |
|  |  |  | Amount |  |  | Tax Rate |  |  |  | Amount |  |  | Tax Rate |
Loss before income taxes |  |  | $ | (101,454 | ) |  |  |  |  | $ | (54,738 | ) |  |  |
Tax expense at statutory rate |  |  |  | (21,305 | ) |  | 21.0 | % |  |  | (11,495 | ) |  | 21.0 | %
Increases (reductions) in taxes resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss attributable to redeemable noncontrolling interest |  |  |  | (1,478 | ) |  | 1.5 |  |  |  | (225 | ) |  | 0.4 |
Change in fair value of warrant liabilities |  |  |  | — |  |  | — |  |  |  | 70 |  |  | (0.1 | )
Change in fair value of derivative liability |  |  |  | — |  |  | — |  |  |  | (955 | ) |  | 1.7 |
Change in preferred dividend |  |  |  | 943 |  |  | — |  |  |  | — |  |  | — |
Change in prepaid expenses |  |  |  | (529 | ) |  | — |  |  |  | — |  |  | — |
Change in valuation allowance |  |  |  | (613 | ) |  | 0.6 |  |  |  | 952 |  |  | (1.7 | )
Unrecognized benefit from LLC flow thru structure |  |  |  | 21,269 |  |  | (21.0 | ) |  |  | 11,667 |  |  | (21.3 | )
State income taxes, net of federal income tax expense |  |  |  | 41 |  |  | — |  |  |  | — |  |  | — |
Other adjustments, net |  |  |  | 1,713 |  |  | (1.7 | ) |  |  | (14 | ) |  | — |
Income tax expense (benefit) |  |  | $ | 41 |  |  | 0.4 | % |  | $ | — |  |  | — |
Schedule of Deferred Tax Assets and Liabilities | The principal components of our net deferred tax assets were as follows:
|  |  | December 31, |
|  |  | 2024 |  |  |  | 2023 |
Deferred tax assets |  |  |  |  |  |  |  |
Net operating loss carryforward |  | $ | 2,631 |  |  | $ | 634 |
Interest Expense |  |  | 987 |  |  |  | 558 |
Start Up Cost |  |  | 638 |  |  |  | 679 |
Outside basis difference on investment in LGM Enterprises, LLC (a) |  |  | 9,660 |  |  |  | 12,963 |
Warrant liability |  |  | 443 |  |  |  | — |
Other, net |  |  | (139 | ) |  |  | — |
Total deferred tax assets |  |  | 14,220 |  |  |  | 14,834 |
Valuation allowance |  |  | (14,220 | ) |  |  | (14,834 | )
Net deferred tax assets |  | $ | — |  |  | $ | — |
(a) The Company's deferred tax asset for the investment in partnership relates to the excess outside tax basis over financial reporting outside basis in LGM Enterprises, LLC, which is treated as a partnership for U.S. federal income tax purposes.

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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