XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Service revenue, net $ 102,896,993 $ 104,636,273 $ 205,705,800 $ 205,259,485
Cost of revenue 91,478,299 93,146,627 183,100,984 183,304,457
Gross profit 11,418,694 11,489,646 22,604,816 21,955,028
Selling, general and administrative 18,870,535 18,553,150 38,270,014 28,894,187
Depreciation and amortization 1,232,750 1,249,054 2,469,139 2,508,608
(Loss) income from operations (8,684,591) (8,312,558) (18,134,337) (9,447,767)
Loss on debt extinguishment 0 1,213,379 0 1,213,379
Advisory fees paid in the merger 0 43,000,000 0 43,000,000
Interest expense 2,023,960 4,000,024 3,308,782 9,022,254
Other expense 0 15,607,737 0 15,607,737
Net loss before provision for income taxes (10,708,551) (72,133,698) (21,443,119) (78,291,137)
Income tax (expense)/benefit (9,618) 17,221,979 (19,235) 18,512,574
Net loss $ (10,718,169) $ (54,911,719) $ (21,462,354) $ (59,778,563)
Net loss per share, basic (in dollars per share) $ (0.20) $ (1.96) $ (0.40) $ (2.23)
Net loss per share, diluted (in dollars per share) $ (0.20) $ (1.96) $ (0.40) $ (2.23)
Weighted-average shares outstanding, basic (in shares) 54,553,905 28,081,013 54,266,337 26,752,371
Weighted-average shares outstanding, diluted (in shares) 54,553,905 28,081,013 54,266,337 26,752,371