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Net Loss Per Share (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2025

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of the reconciliation of basic and diluted loss per share

The following table sets forth the reconciliation of basic and diluted loss per share for the three months ended March 31, 2025 and 2023 (in thousands except per share data):

		Three Months Ended March 31,
		2025				2024
Net loss		$	(26,080	)		$	(24,377	)
Weighted average number of shares outstanding			5,065				2,926
Weighted average common stock warrants exercisable for nominal consideration			6,500				—
Weighted average number of shares, basic			11,565				2,926
Effect of dilutive securities			—				—
Weighted average number of shares, diluted			11,565				2,926
Loss per share
Basic and diluted		$	(2.26	)		$	(8.33	)

The following table sets forth the reconciliation of basic and diluted loss per share for the years ended December 31, 2024 and 2023 (in thousands except per share data):

		Year Ended December 31,
		2024				2023
Net loss		$	(72,807	)		$	(114,331	)
Premium on redemption of Series A Preferred Stock			—				(52,645	)
Net loss for basic loss per share available to common stockholders		$	(72,807	)		$	(166,976	)
Reversal of mark-to-market adjustment for liability classified warrants			(8,895	)			—
Net loss for diluted loss per share available to common stockholders		$	(81,702	)		$	(166,976	)
Weighted average number of shares outstanding			3,561				3,722
Weighted average common stock warrants exercisable for nominal consideration			6,500				—
Weighted average number of shares, basic			10,061				3,722
Effect of dilutive securities			84				—
Weighted average number of shares, diluted			10,145				3,722
Loss per share
Basic		$	(7.24	)		$	(44.86	)
Diluted		$	(8.05	)		$	(44.86	)

Schedule of potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share

The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

		March 31, 2025				December 31, 2024
Stock options			1,022,353				1,027,977
Retainer Shares			399,999				399,999
Shares issuable under Tranche B Notes			1,114,770				1,158,617
Public Warrants			156,220				156,220
Private Warrants			28,572				28,572
Shares issuable under ESPP			9,557				2,204
Shares issuable under the SIPA			8,571				8,571
February 2024 BDO Firm Warrants			108,686				108,686
February 2024 BDO Representative Warrants			13,446				13,446
April 2024 RDO Common Warrants			428,572				—
April 2024 RDO Placement Agent Warrants			34,286				34,286
Deposit Warrants			3,250,000				—
October 2024 Noteholder Warrants			214,284				—
October 2024 Placement Agent Warrants			104,848				104,848
December 2024 RDO Common Warrants			1,642,871				1,642,871
StockBlock Warrants			131,472				131,472
Total			8,668,507				4,817,769

The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

		December 31, 2024				December 31, 2023
Stock options			1,027,977				946,275
Public Warrants			156,220				195,838
February 2024 BDO Firm Warrants			108,686				—
April 2024 RDO Placement Agent Warrants			34,286				—
Retainer Shares			399,999				114,285
Private Warrants			28,572				103,240
February 2024 BDO Representative Warrants			13,446				—
Shares Issuable pursuant to the ESPP			2,204				851
Shares issuable under the SIPA			8,571				—
Convertible Debentures			—				15,626
October 2024 Placement Agent Warrants			104,848				—
December 2024 RDO Common Warrants			1,642,871				—
StockBlock Warrants			131,472				—
Shares issuable under Tranche B Notes			1,158,617				—
Total			4,817,769				1,376,115

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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