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WARRANTS (Tables)

3 Months Ended

Mar. 31, 2025

Other Liabilities Disclosure [Abstract]

Schedule of Warrant Activity

The following table summarizes the activity related to our Penny Warrant Shares:

			Penny Warrant Shares
Outstanding as of December 31, 2023			1,612,705
Exercised			(96,841)
Outstanding as of December 31, 2024			1,515,864
Exercised			(1,515,864)
Outstanding as of March 31, 2025			—

The following table summarizes outstanding Stakeholder Warrants and Stakeholder Warrant Shares following the distribution:

Cash Exercise Stakeholder Warrants						Cash Exercise Stakeholder Warrant Shares						Net Exercise Stakeholder Warrants						Net Exercise Stakeholder Warrant Shares						Total Stakeholder Warrants						Total Stakeholder Warrant Shares
35,230,503						57,249,567						35,230,503						57,249,567						70,461,006						114,499,134

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The following table summarizes the fair value of the Stakeholder Warrants and the assumptions used to determine the fair value:

						Cash Exercise Stakeholder Warrants						Net Exercise Stakeholder Warrants
Risk-free interest rate (%)						4.29		%				4.42		%
Expected stock price volatility (%)						57.50		%				57.50		%
Expected dividend yield						0.00		%				0.00		%
Expected option life (in years)						4.12						7.19
Fair value per Stakeholder Warrant						$0.47						$0.68

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

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-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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-Topic 820
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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

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-Name Accounting Standards Codification
-Topic 718
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-Section 50
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