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Restatement of Previously Issued Financial Statements (Tables) | 9 Months Ended
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Sep. 30, 2025
Accounting Changes and Error Corrections [Abstract] |
Schedule of Impact of Correction Misstatements | The impact of the correction of the misstatements is summarized below (in thousands):
|  | As of September 30, 2024 |
|  | As Previously Reported |  |  | Restatement Impact |  |  | As Restated |
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Convertible preferred stock, 5,000,000 shares authorized at September 30, 2024 and December 31, 2023: |  |  |  |  |  |  |  |  |
Series X 1 non-voting convertible preferred stock, $0.001 par value, 515,000 shares designated; 110,086 shares issued and outstanding at September 30, 2024 and December 31, 2023 |  | $ | — |  |  | $ | 53,543 |  |  | $ | 53,543 |
Series X non-voting convertible preferred stock, $0.001 par value, 10,000 shares designated; 4,422 shares issued and outstanding at September 30, 2024 and December 31, 2023 |  |  | — |  |  |  | 2,151 |  |  |  | 2,151 |
Stockholders’ equity: |  |  |  |  |  |  |  |  |
Convertible preferred stock, 5,000,000 shares authorized at September 30, 2024 and December 31, 2023: |  |  |  |  |  |  |  |  |
Series X 1 non-voting convertible preferred stock, $0.001 par value, 515,000 shares designated; 110,086 shares issued and outstanding at September 30, 2024 and December 31, 2023 |  |  | — |  |  |  | — |  |  |  | — |
Series X non-voting convertible preferred stock, $0.001 par value, 10,000 shares designated; 4,422 shares issued and outstanding at September 30, 2024 and December 31, 2023 |  |  | — |  |  |  | — |  |  |  | — |
Additional paid-in capital |  |  | 386,884 |  |  |  | (55,694 | ) |  |  | 331,190 |
Total stockholders’ equity |  | $ | 76,058 |  |  | $ | (55,694 | ) |  | $ | 20,364 |
|  | For the Three Months Ended September 30, 2024 |  |  | For the Nine Months Ended September 30, 2024 |
(In thousands, except share and per share data) |  | As Previously Reported |  |  | As Restated |  |  | As Previously Reported |  |  | As Restated |
Net loss attributable to common shares - diluted |  | $ | (17,504 | ) |  | $ | (15,703 | ) |  | $ | (61,086 | ) |  | $ | (53,230 | )
Diluted earnings per share of common stock |  | $ | (0.32 | ) |  | $ | (0.28 | ) |  | $ | (1.42 | ) |  | $ | (1.23 | )
Weighted-average number of shares outstanding - diluted |  |  | 55,478,342 |  |  |  | 55,478,342 |  |  |  | 43,106,746 |  |  |  | 43,106,746 |
Net income attributable to Series X and Series X 1 non-voting convertible preferred stocks - basic |  | $ | — |  |  | $ | 6,666 |  |  | $ | — |  |  | $ | 852 |
Basic earnings per share of Series X and Series X 1 non-voting convertible preferred stock |  | $ | — |  |  | $ | 58.21 |  |  | $ | — |  |  | $ | 7.44 |
Weighted-average shares outstanding of Series X and Series X 1 non-voting convertible preferred stock, basic |  |  | — |  |  |  | 114,508 |  |  |  | — |  |  |  | 114,508 |
Net loss attributable to Series X and Series X 1 non-voting convertible preferred stocks - diluted |  | $ | — |  |  | $ | (1,801 | ) |  | $ | — |  |  | $ | (7,856 | )
Diluted earnings per share of Series X and Series X 1 non-voting convertible preferred stock |  | $ | — |  |  | $ | (15.73 | ) |  | $ | — |  |  | $ | (68.60 | )
Weighted-average shares outstanding of Series X and Series X 1 non-voting convertible preferred stock, diluted |  |  | — |  |  |  | 114,508 |  |  |  | — |  |  |  | 114,508 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 + Details
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