XML 121 R21.htm IDEA: XBRL DOCUMENT
v3.25.1

Basic and Diluted Net Income (Loss) Per Share | 12 Months Ended
--- | ---
Dec. 31, 2024
Basic and Diluted Net Income (Loss) Per Share [Abstract] |
BASIC AND DILUTED NET INCOME (LOSS) PER SHARE | 15. BASIC AND DILUTED NET INCOME (LOSS) PER SHARE The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except share and per share amounts):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |
Net Loss |  | $ | (65,393 | ) |  | $ | (57,720 | )
Add: Gain on extinguishment of convertible preferred stock |  |  | — |  |  |  | 216,386 |
Net income (loss) attributable to common stockholders, basic |  |  | (65,393 | ) |  |  | 158,666 |
Less: Warrants, series with dilutive impact only |  |  | — |  |  |  | — |
Less: Convertible preferred stock, series with dilutive impact only |  |  | — |  |  |  | (230,774 | )
Net loss attributable to common stockholders, dilutive |  | $ | (65,393 | ) |  | $ | (72,108 | )
Denominator: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic |  |  | 15,786,762 |  |  |  | 3,443,746 |
Add: Warrants, series with dilutive impact only |  |  | — |  |  |  | 5,830,385 |
Add: Options, with dilutive impact only |  |  | — |  |  |  | 31,857 |
Add: Convertible preferred stock, series with dilutive impact only |  |  | — |  |  |  | — |
Weighted-average shares outstanding, dilutive |  |  | 15,786,762 |  |  |  | 9,305,988 |
The following securities were excluded due to their anti-dilutive effect on net loss per share attributable to common stockholders recorded in each of the periods:
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Warrants to purchase preferred stock on an as-converted basis |  |  | — |  |  |  | 86,880 |
Convertible preferred stock on an as-converted basis |  |  | — |  |  |  | 4,085,067 |
Stock options outstanding |  |  | 6,187,385 |  |  |  | 506,160 |
Unvested RSU’s |  |  | 890,793 |  |  |  | — |
Warrants to purchase common stock |  |  | 14,620,219 |  |  |  | — |
Total |  |  | 21,698,397 |  |  |  | 4,678,107 |
As of December 31, 2023, no RSUs were vested as they did not meet the performance condition at the reporting period. In addition, outstanding stock options with performance conditions were not vested as the performance conditions were not met at December 31, 2024 and 2023. As the conditions were not satisfied at the end of each reporting period, the unvested shares were excluded when calculating diluted EPS.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration