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WARRANTS (Tables) | 9 Months Ended
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Sep. 30, 2025
Other Liabilities Disclosure [Abstract] |
Schedule of Warrant Activity and Outstanding Stakeholder Warrants and Stakeholder Warrant Shares and Stakeholder Warrants | The following table summarizes the activity related to our Penny Warrant Shares:
| Penny Warrant Shares
Outstanding as of December 31, 2023 | 201,588 |
Exercised | (12,105) |
Outstanding as of December 31, 2024 | 189,483 |
Exercised | (189,483) |
Outstanding as of September 30, 2025 | — |
The following table summarizes outstanding Stakeholder Warrants and Stakeholder Warrant Shares issuable upon the exercise of outstanding Stakeholder Warrants following the distribution:
Cash Exercise Stakeholder Warrants |  | Cash Exercise Stakeholder Warrant Shares |  | Net Settle Stakeholder Warrants |  | Net Settle Stakeholder Warrant Shares |  | Total Stakeholder Warrants |  | Total Stakeholder Warrant Shares
35,230,503 |  |  | 7,156,372 |  |  | 35,230,503 |  |  | 7,156,372 |  |  | 70,461,006 |  |  | 14,312,744 |
The following table summarizes the activity related to Stakeholder Warrants:
|  | Cash Exercise Stakeholder Warrants |  | Net Settle Stakeholder Warrants
Outstanding at December 31, 2024 |  | — |  |  | — |
Granted |  | 35,230,503 |  |  | 35,230,503 |
Exercised |  | (8,205) |  |  | (58,302) |
Outstanding at September 30, 2025 |  | 35,222,298 |  | 35,172,201
Schedule of Fair Value of the Stakeholder Warrants | 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 Settle 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

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- 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/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: 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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 + Details
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