XML 41 R13.htm IDEA: XBRL DOCUMENT v3.25.0.1
Net Loss Per Share Allocable to Common Stockholders
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share Allocable to Common Stockholders Net Loss Per Share Allocable to Common Stockholders
The Company reported a net loss for the years ended December 31, 2024 and 2023. The Company used the treasury stock method to determine the number of dilutive shares for the year ended December 31, 2024. The following table sets forth the computation of basic and diluted net loss per share allocable to common stockholders (in thousands, except share and per-share data):
 Year Ended December 31,
 20242023
Numerator:
Net loss$(77,424)$(219,710)
Less: CVR distribution to participating securities— (37,550)
Net loss allocable to shares of common stock - basic(77,424)(257,260)
Less: Change in fair value of forward contract liability settled in February 2024
(446)— 
Net loss allocable to shares of common stock - diluted$(77,870)$(257,260)
Denominator:  
Weighted-average common shares outstanding - basic17,276,822 5,170,319 
Plus: Dilutive effect of forward contract liability settled in February 2024
81,121 — 
Weighted-average common shares outstanding - diluted17,357,943 5,170,319 
Net loss per share:
Basic$(4.48)$(49.76)
Diluted$(4.49)$(49.76)

The following table represents the potential dilutive shares of common stock excluded from the computation of the diluted net loss per share allocable to common stockholders for all periods presented, as the effect would have been anti-dilutive:
 Year Ended December 31,
20242023
Common stock options and RSUs 2,150,273 776,865 
Warrants to purchase common stock692,523 1,040,813 
Series A Preferred Stock4,026,346 14,503,993 
Series B Preferred Stock437,927 — 
Forward contract to issue Series A Preferred Stock— 3,304,677 
Series A Preferred Stock options— 470,403 
Total7,307,069 20,096,751