XML 124 R109.htm IDEA: XBRL DOCUMENT v3.25.2
Restatement of Quarterly Financial Information (Unaudited) - Schedule of Restated Condensed Consolidated Statement of Operations (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2024
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Error Corrections and Prior Period Adjustments Restatement [Line Items]              
Revenue $ 5,367 $ 11,766 $ 9,386 $ 21,152 $ 26,519 $ 32,110 $ 53,467
Cost of Revenue 2,256 2,773 2,520 5,293 7,549 10,607 11,970
Gross profit 3,111 8,993 6,866 15,859 18,970 21,503 41,497
Operating expenses:              
Sales and marketing 5,197 6,718 6,145 12,863 18,060 25,933 46,857
Research and development 3,212 4,310 5,725 10,035 13,247 17,369 27,694
General and administrative 7,043 7,311 6,386 13,697 20,746 28,399 46,024
Total operating expenses: 15,452 18,339 18,256 36,595 52,053 71,701 120,575
Loss from operations (12,341) (9,346) (11,390) (20,736) (33,083) (50,198) (79,078)
Other income (expense):              
Interest expense   (339) (1,931) (2,270) (2,264) (2,264) (10,566)
Changes in fair value of warrants 9,703 1,376 3,131 4,507 14,210 17,024 8,364
Changes in fair value of debt 7,930 8,070   8,070 16,000 18,090 (3,751)
Changes in fair value of Revenue Interest Financing and PIPE Conversion Option 496 (5,994) (2,100) (8,094) (7,598) (4,771) (4,402)
Change in fair value of earn-out liabilities 2,260 5,690 14,190 19,880 22,140 22,900 29,050
Loss on extinguishment of debt   (8,713)   (8,713) (8,713) (8,713) (3,929)
Termination of convertible note side letters           0 (17,598)
Other income (expense), net 757 999 172 1,171 1,928 1,452 (643)
Total other income (expense): 21,146 1,089 13,462 14,551 35,703 43,718 (3,475)
Loss before income taxes 8,805 (8,257) 2,072 (6,185) 2,620 (6,480) (82,553)
Provision for income taxes (69) (65) (76) (141) (210) (718) (264)
Net loss $ 8,736 $ (8,322) $ 1,996 $ (6,326) $ 2,410 $ (7,198) $ (82,817)
Net income (loss) per share - Basic $ 3.41 $ (4.34) $ 1.04 $ (3.3) $ 1.13 $ (3.20) $ (59.38)
Net income (loss) per share - Diluted $ 3.4 $ (4.34) $ 0.96 $ (3.3) $ (2.42) $ (3.20) $ (59.38)
Weighted-average shares outstanding - Basic 2,563,459 1,917,872 1,911,181 1,914,527 2,132,416 2,247,164 1,423,275
Weighted-average shares outstanding - diluted 2,566,321 1,917,872 1,967,885 1,914,527 2,392,202 2,247,164 1,423,275
As Reported              
Error Corrections and Prior Period Adjustments Restatement [Line Items]              
Revenue $ 5,367 $ 11,766 $ 9,386 $ 21,152 $ 26,519 $ 32,110 $ 53,467
Cost of Revenue 2,256 2,773 2,520 5,293 7,549 10,607 11,970
Gross profit 3,111 8,993 6,866 15,859 18,970 21,503 41,497
Operating expenses:              
Sales and marketing 5,197 6,718 6,145 12,863 18,060 25,933 46,857
Research and development 3,212 4,310 5,725 10,035 13,247 17,369 27,694
General and administrative 7,043 7,311 6,386 13,697 20,746 28,399 46,024
Total operating expenses: 15,452 18,339 18,256 36,595 52,053 71,701 120,575
Loss from operations (12,341) (9,346) (11,390) (20,736) (33,083) (50,198) (79,078)
Other income (expense):              
Interest expense   (339) (1,931) (2,270) (2,264) (2,264) (10,566)
Changes in fair value of warrants 9,703 1,376 3,131 4,507 14,210 17,024 8,364
Changes in fair value of debt 1,790 8,230   8,230 10,020 8,690 (3,751)
Changes in fair value of Revenue Interest Financing and PIPE Conversion Option (11,104) 6 1,490 1,496 (9,608) (14,321) (2,192)
Change in fair value of earn-out liabilities 2,260 5,690 14,190 19,880 22,140 22,900 29,050
Loss on extinguishment of debt   (8,713)   (8,713) (8,713) (8,713) (3,929)
Termination of convertible note side letters             (17,598)
Other income (expense), net 757 999 172 1,171 1,928 1,452 (643)
Total other income (expense): 3,406 7,249 17,052 24,301 27,713 24,768 (1,265)
Loss before income taxes (8,935) (2,097) 5,662 3,565 (5,370) (25,430) (80,343)
Provision for income taxes (69) (65) (76) (141) (210) (718) (264)
Net loss $ (9,004) $ (2,162) $ 5,586 $ 3,424 $ (5,580) $ (26,148) $ (80,607)
Net income (loss) per share - Basic $ (3.51) $ (1.13) $ 2.92 $ 1.79 $ (2.62) $ (11.64) $ (57.83)
Net income (loss) per share - Diluted $ (3.51) $ (1.13) $ 2.78 $ 1.67 $ (2.62) $ (11.64) $ (57.83)
Weighted-average shares outstanding - Basic 2,563,459 1,917,872 1,911,181 1,914,527 2,132,416 2,247,164 1,423,275
Weighted-average shares outstanding - diluted 2,563,459 1,917,872 1,967,885 1,959,881 2,132,416 2,247,164 1,423,275
Adjustment              
Other income (expense):              
Changes in fair value of debt $ 6,140 $ (160)   $ (160) $ 5,980 $ 9,400  
Changes in fair value of Revenue Interest Financing and PIPE Conversion Option 11,600 (6,000) $ (3,590) (9,590) 2,010 9,550 $ (2,210)
Total other income (expense): 17,740 (6,160) (3,590) (9,750) 7,990 18,950 (2,210)
Loss before income taxes 17,740 (6,160) (3,590) (9,750) 7,990 18,950 (2,210)
Net loss $ 17,740 $ (6,160) $ (3,590) $ (9,750) $ 7,990 $ 18,950 $ (2,210)
Net income (loss) per share - Basic $ 6.92 $ (3.21) $ (1.88) $ (5.09) $ 3.75 $ 8.44 $ (1.55)
Net income (loss) per share - Diluted $ 6.91 $ (3.21) $ (1.82) $ (4.97) $ 0.2 $ 8.44 $ (1.55)
Weighted-average shares outstanding - diluted 2,862     (45,354) 259,786