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Earnings (Loss) Per Share (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2025

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net (Loss) Profit per Share

The following table sets forth the computation of the Company’s basic and diluted net (loss) income per share:

		Three Months Ended June 30,				Six Months Ended June 30,				Three Months Ended June 30,				Six Months Ended June 30,
		2025				2025				2024				2024
Numerator:
Net loss		$	(16,129	)		$	(39,176	)		$	(27,854	)		$	(60,844	)
Less: Net loss attributable to redeemable noncontrolling interests			(12,063	)			(29,621	)			(20,501	)			(42,200	)
Less: Net income (loss) attributable to noncontrolling interests			698				658				(2,200	)			(7,650	)
Add: Series A Preferred Dividends			(1,032	)			(2,039	)			(972	)			(1,257	)
Add: Series B Preferred Dividends			(1,305	)			(2,297	)			—				—
Basic Net loss attributable to common stockholders		$	(7,101	)		$	(14,549	)		$	(6,125	)		$	(12,251	)
Denominator:
Weighted Average Class A Common Stock outstanding			20,199,586				19,470,304				17,899,501				17,409,942
Weighted Average Class A Common Stock issuable under Series A Penny Warrants			1,304,742				1,293,803				1,270,241				827,790
Weighted Average Class A Common Stock issuable under Series B Penny Warrants			6,268,100				5,707,614				—				—
Weighted Average Shares Outstanding - basic and diluted			27,772,428				26,471,721				19,169,742				18,237,732
Basic and Diluted Earnings (Loss) Per Share
Basic		$	(0.26	)		$	(0.55	)		$	(0.32	)		$	(0.67	)
Diluted		$	(0.26	)		$	(0.55	)		$	(0.32	)		$	(0.67	)

The following table sets forth the computation of the Company’s basic and diluted net (loss) income per share:

			Year Ended
			December 31, 2024
Numerator:
Net loss		$	(101,495)
Less: Net loss attributable to redeemable noncontrolling interests			(73,384)
Less: Net loss attributable to noncontrolling interests			(7,037)
Add: Series A Preferred Dividends			(3,258)
Add: Series B Preferred Dividends			(1,233)
Basic Net loss attributable to common stockholders		$	(25,565)
Denominator:
Weighted Average Class A Common Stock outstanding			17,757,741
Weighted Average Class A Common Stock issuable under Series A Penny Warrants			1,051,749
Weighted Average Class A Common Stock issuable under Series B Penny Warrants			5,000,000
Weighted Average Shares Outstanding - basic and diluted			23,809,490
Basic and Diluted Earnings Loss Per Share
Basic		$	(1.07)
Diluted		$	(1.07)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes potentially dilutive outstanding securities for the three and six months ended June 30, 2025 and 2024 which were excluded from the calculation of diluted EPS, because their effect would have been anti-dilutive:

		For the three and six months ended				For the three and six months ended
		June 30, 2025				June 30, 2024
Public warrants			2,519,869				2,519,869
Private Placement Warrants			4,333,333				4,333,333
Series A Penny Warrants			1,304,742				1,270,154
Class B Common Stock			59,930,000				59,930,000
Total anti-dilutive features			68,087,944				68,053,356

The following table summarizes potentially dilutive outstanding securities for the year ended December 31, 2024 which were excluded from the calculation of diluted EPS, because their effect would have been anti-dilutive:

Public warrants			2,519,869
Private Placement Warrants			4,333,333
Penny Warrants			1,274,742
Total anti-dilutive features			8,127,944

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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