XML 63 R47.htm IDEA: XBRL DOCUMENT
v3.26.1

Business Segment Data (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | The following table presents information about the Company’s Technology segment for the Successor period from October 2, 2024 through December 31, 2024, the Predecessor period from January 1, 2024 through October 1, 2024, and for the Predecessor year ended December 31, 2023. The information includes the significant expense categories and amounts regularly provided to the CODM for the reportable segment, which may reflect a different presentation than amounts presented elsewhere in the consolidated financial statements. Inter-segment transactions are not eliminated from segment results when management considers those transactions in assessing the results of the Technology segment.
| Successor |  | Predecessor
| December 31, 2025 |  | October 2, 2024 through December 31, 2024 |  | January 1, 2024 through October 1, 2024
| (in thousands) |  | (in thousands)
Revenue from external customers | $ | 1,557 |  |  | $ | 233 |  |  | $ | 95 |
Interest income | 139 |  |  | — |  |  | 7 |
Cost of sales | $ | 7,831 |  |  | $ | 3,752 |  |  | $ | 777 |
Employee costs | 26,377 |  |  | 3,933 |  |  | 8,076 |
Facilities, equipment & supplies | 3,117 |  |  | 121 |  |  | 581 |
General and administrative | 5,578 |  |  | 751 |  |  | 398 |
Outside services | 1,589 |  |  | 390 |  |  | 842 |
Research and development | 13,864 |  |  | 3,224 |  |  | 2,711 |
Sales and marketing | 1,073 |  |  | 193 |  |  | 442 |
Depreciation expense * | 1,181 |  |  | 6 |  |  | 99 |
Interest expense | 855 |  |  | 90 |  |  | 564 |
Income tax expense (benefit) | (13,571) |  |  | (3,637) |  |  | 432 |
Goodwill Impairment | 346,557 |  |  | — |  |  | — |
Other ** | 2,435 |  |  | 168 |  |  | 1,832 |
Total Expenses | $ | 396,886 |  |  | $ | 8,991 |  |  | $ | 16,754 |
Net Loss | $ | (395,190) |  |  | $ | (8,758) |  |  | $ | (16,652) |
* Represents depreciation not already included in Cost of sales. ** Other - change in fair value of financial liabilities, loss on conversion of promissory notes, travel and other miscellaneous expenses. The following table reconciles the reportable segment to amounts reflected in our consolidated financial statements.
| Successor |  | Predecessor
| December 31, 2025 |  | October 2, 2024 through December 31, 2024 |  | January 1, 2024 through October 1, 2024
Revenues: |  |  |  |  |
Technology | $ | 1,557 |  |  | $ | 233 |  |  | $ | 95 |
Other | 607 |  | 250 |  |  | 750 |
Elimination of management services provided to Technology | (108) |  |  | (27) |  |  | (81) |
Consolidated Revenues | $ | 2,056 |  |  | $ | 456 |  |  | $ | 764 |
Interest Expense: |  |  |  |  |
Technology | $ | 855 |  |  | $ | 90 |  |  | $ | 564 |
Other | 9,865 |  |  | 1,240 |  |  | 1,069 |
Elimination of Intercompany Interest | (486) |  |  | — |  |  |
Consolidated Interest Expense | $ | 10,234 |  |  | $ | 1,330 |  |  | $ | 1,633 |
Interest Income: |  |  |  |  |
Technology | $ | 139 |  |  | $ | — |  |  | $ | 7 |
Other | 903 |  |  | 198 |  |  | 326 |
Elimination of Intercompany Interest | (486) |  |  | — |  |  | — |
Consolidated Interest Income | $ | 556 |  |  | $ | 198 |  |  | $ | 333 |
Depreciation and Amortization Expense: |  |  |  |  |
Technology | $ | 22,497 |  |  | $ | 5,455 |  |  | $ | 146 |
Other | 9 |  |  | — |  |  |
Consolidated Depreciation and Amortization Expense | $ | 22,506 |  |  | $ | 5,455 |  |  | $ | 146 |
Net Loss: |  |  |  |  |
Technology | $ | (395,190) |  |  | $ | (8,758) |  |  | $ | (16,652) |
Other | (80,160) |  |  | (61,335) |  |  | (11,546) |
Consolidated Net Loss | $ | (475,350) |  |  | $ | (70,093) |  |  | $ | (28,198) |
Capital Expenditures: |  |  |  |  |
Technology | $ | 1,417 |  |  | $ | 266 |  |  | $ | 736 |
Other | — |  |  | — |  |  | — |
Consolidated Capital Expenditures | $ | 1,417 |  |  | $ | 266 |  |  | $ | 736 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration