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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

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- References

No definition available.

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