XML 53 R42.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, By Segment
Net loss for the years ended December 31, 2024 and 2023 is as follows (in thousands):
 
    
2024
    
2023
 
Revenue
   $ 1,554      $ 3,856  
Less: Costs and expenses
     
Cost of sales
     579        3,656  
Employee costs
     31,981        23,773  
Technology costs
     4,694        2,693  
Depreciation and amortization
     886        2,040  
Net interest (income)/expense
     (1,903      255  
Fair value changes and financing charges
     16,187        49,454  
Other segment items (a)
     10,325        9,574  
  
 
 
    
 
 
 
Net loss
   $ (61,195    $ (87,589
  
 
 
    
 
 
 
 
*
Other segment items included in segment net loss includes marketing expense, professional fees, income tax expense, facilities costs, foreign currency exchange gains and losses, credit loss, and other overhead expenses.
BURTECH ACQUISITION CORP [Member]  
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, By Segment
The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss and total assets, which include the following:
 
    
As of December 31,
 
    
2024
    
2023
 
Cash and restricted cash
   $ 758,842      $ 843,313  
Investments held in Trust Account
     47,558,112        46,893,175  
 
    
Year Ended December 31,
 
    
2024
    
2023
 
Operating costs
   $ 4,459,541      $ 3,040,539  
Interest income earned on Trust Account
     2,465,138        5,751,596