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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
Schedule of Balance of Liabilities Measured at Fair Value on a Recurring Basis | The following table summarizes the Company’s liabilities which were measured at fair value on a recurring basis as of the periods presented and their classification within the fair value hierarchy: Schedule of Balance of Liabilities Measured at Fair Value on a Recurring Basis
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | Fair Value Measurement as of March 31, 2025 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (In thousands) |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity derivative contracts |  | $ | 4,512 |  |  | $ | — |  |  | $ | 4,512 |  |  | $ | — |
Subordinated note warrants – related party |  |  | 1,679 |  |  |  | — |  |  |  | — |  |  |  | 1,679 |
Series F Preferred Stock embedded derivatives |  |  | 19,219 |  |  |  | — |  |  |  | — |  |  |  | 19,219 |
Series F Preferred Stock warrants |  |  | 22,115 |  |  |  | — |  |  |  | — |  |  |  | 22,115 |
Liabilities |  |  | 1,679 |  |  |  | — |  |  |  | — |  |  |  | 1,679 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | Fair Value Measurement as of December 31, 2024 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (In thousands) |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity derivative contracts |  | $ | 4,395 |  |  | $ | — |  |  | $ | 4,395 |  |  | $ | — |
SEPA |  |  | 790 |  |  |  | — |  |  |  | — |  |  |  | 790 |
Senior convertible note |  |  | 12,555 |  |  |  | — |  |  |  | — |  |  |  | 12,555 |
Subordinated note – related party |  |  | 4,609 |  |  |  | — |  |  |  | 4,609 |  |  |  | — |
Subordinated note warrants – related party |  |  | 4,159 |  |  |  | — |  |  |  | — |  |  |  | 4,159 |
Liabilities |  |  | 4,159 |  |  |  | — |  |  |  | — |  |  |  | 4,159 |
Schedule of Financial Instrument Presented at Fair Value | Schedule of Financial Instrument Presented at Fair Value
|  | March 31, 2025 |  |  | December 31, 2024 |
|  | (In thousands) |
SEPA, at the beginning of the period |  | $ | 790 |  |  | $ | — |
(Gain) loss on adjustment to fair value |  |  | (790 | ) |  |  | 790 |
SEPA, at the end of the period |  | $ | — |  |  | $ | 790 |
Senior convertible note, at the beginning of the period |  | $ | 12,555 |  |  | $ | — |
Borrowing |  |  | — |  |  |  | 14,250 |
Repayments |  |  | — |  |  |  | (3,748 | )
Conversions |  |  | (18,057 | ) |  |  | — |
Loss on adjustment to fair value |  |  | 5,502 |  |  |  | 2,053 |
Senior convertible note, at the end of the period |  | $ | — |  |  | $ | 12,555 |
Subordinated note – related party, at the beginning of the period |  | $ | 4,609 |  |  | $ | — |
Borrowing |  |  | — |  |  |  | 5,000 |
Repayments |  |  | (3,214 | ) |  |  | (1,786 | )
Loss on issuance of debt |  |  | — |  |  |  | 281 |
Loss on adjustment to fair value |  |  | 63 |  |  |  | 1,114 |
Subordinated note – related party, at the end of the period |  | $ | 1,458 |  |  | $ | 4,609 |
Subordinated note warrants – related party, at the beginning of the period |  | $ | 4,159 |  |  | $ | — |
Loss on issuance of debt |  |  | — |  |  |  | 2,758 |
(Gain) loss on adjustment to fair value |  |  | (2,481 | ) |  |  | 1,401 |
Subordinated note warrants – related party, at the end of the period |  | $ | 1,679 |  |  | $ | 4,159 |
Series F Preferred Stock embedded derivatives, at the beginning of the period |  | $ | — |  |  | $ | — |
Embedded derivatives recognized at issuance of Series F Preferred Stock |  |  | 19,350 |  |  |  | — |
Gain on adjustment to fair value |  |  | (131 | ) |  |  | — |
Series F Preferred Stock embedded derivatives, at the end of the period |  | $ | 19,219 |  |  | $ | — |
Series F Preferred Stock warrants, at the beginning of the period |  | $ | — |  |  | $ | — |
Issuance of Series F Preferred Stock |  |  | 22,115 |  |  |  | — |
Series F Preferred Stock warrants, at the end of the period |  | $ | 22,115 |  |  | $ | — |
Schedule of Fair Value on Financial Instrument Balance Sheets | Schedule of Fair Value on Financial Instrument Balance Sheets
|  | March 31, 2025 |  | December 31, 2024
|  | Face Value |  | Fair Value |  | Face Value |  | Fair Value
|  | (In thousands)
SEPA |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 790 |
Senior convertible note |  |  | — |  |  |  | — |  |  |  | 11,252 |  |  |  | 12,555 |
Subordinated note – related party |  |  | 1,458 |  |  |  | 1,458 |  |  |  | 3,214 |  |  |  | 4,609 |
Subordinated note warrants – related party |  |  | — |  |  |  | 1,679 |  |  |  | — |  |  |  | 4,159 |
Series F Preferred Stock embedded derivatives |  |  | — |  |  |  | 19,219 |  |  |  | — |  |  |  | — |
Series F Preferred Stock warrants |  | $ | — |  |  | $ | 22,115 |  |  | $ | — |  |  | $ | — |
Subordinated Note Warrants [Member] |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
Schedule of Fair Value Instruments Unobservable Market | As of March 31, 2025, the fair value of the Subordinated Note Warrants was determined by a third-party using a Monte Carlo simulation model using the significant inputs listed below, which are based on unobservable market data and are therefore considered Level 3 inputs within the fair value hierarchy. Schedule of Fair Value Instruments Unobservable Market
Subordinated Note Warrants – Monte Carlo Simulation Model |  | Key Inputs |
Time to termination (years) |  |  | 4.50 |
Stock price – as of March 31, 2025 |  | $ | 5.35 |
Exercise price |  | $ | 8.89 |
Risk-free rate |  |  | 3.87 | %
Equity volatility rate |  |  | 80.0 | %
As of March 31, 2025, the fair value of the Series F Preferred Stock embedded derivatives was determined by a third-party using a Monte Carlo simulation model using the significant inputs listed below, which are based on unobservable market data and are therefore considered Level 3 inputs within the fair value hierarchy.
Series F Preferred Stock Embedded Derivatives – Monte Carlo Simulation Model |  | Key Inputs |
Time to termination (years) |  |  | 3.93 |
Stock price – as of March 31, 2025 |  | $ | 5.35 |
Conversion rate |  |  | 202.02 |
Stated dividend rate |  |  | 12.0 | %
Risk-free rate |  |  | 3.96 | %
Preferred equity volatility rate |  |  | 45.0 | %
As of March 31, 2025, the fair value of Series F Preferred Stock Warrants was determined by a third-party using a Monte Carlo simulation model using the significant inputs listed below, which are based on unobservable market data and are therefore considered Level 3 inputs within the fair value hierarchy.
Series F Preferred Stock Warrants – Monte Carlo Simulation Model |  | Key Inputs |
Time to termination (years) |  |  | 6.0 |
Stock price – as of March 31, 2025 |  | $ | 5.35 |
Exercise price |  | $ | 6.59 |
Future value of one Series F Preferred Warrant share |  | $ | 2.26 |
Risk-free rate |  |  | 4.07 | %
Equity volatility rate |  |  | 85.0 | %

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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