XML 14 R3.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 17,716 $ 22,493
Restricted cash 305 0
Accounts receivable, net of allowance of $148 and $148, respectively 1,799 1,464
Prepaid expenses and other current assets 4,274 3,907
Total current assets 24,094 27,864
Property and equipment, net 25,802 27,228
Operating lease right-of-use assets 6,538 877
Other non-current assets 4,968 5,722
Total assets 61,402 61,691
Current liabilities    
Accounts payable 3,742 3,754
Warrant liabilities 14,902 11,511
Earnout liabilities 1,992 1,501
Operating lease liabilities 989 363
Contract liabilities 6,308 5,871
Accrued expenses and other liabilities 13,661 11,621
Total current liabilities 41,594 34,621
Secured Convertible Notes at fair value 96,590 79,070
Operating lease liabilities 5,812 516
Other non-current liabilities 498 516
Total liabilities 144,494 114,723
Commitments and contingencies (Note 16)
Stockholders' (deficit) equity    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Treasury stock, at cost, $567,823 shares as of March 31, 2025 and December 31, 2024 (8,603) (8,603)
Additional paid-in capital 358,511 356,247
Accumulated other comprehensive loss (314) (571)
Accumulated deficit (432,686) (400,105)
Total stockholders’ (deficit) equity (83,092) (53,032)
Total liabilities and stockholders' (deficit) equity 61,402 61,691
Class A ordinary shares    
Stockholders' (deficit) equity    
Common stock 0 0
Class B ordinary shares    
Stockholders' (deficit) equity    
Common stock $ 0 $ 0