Convertible Preferred Stock and Stockholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Summary of Performance Award And Market Capitalization Milestones

Tranche #	No. of Shares Subject to PSU		Market Capitalization Milestones
1		1,000,000	$	1,000,000,000
2		1,500,000	$	1,500,000,000
3		1,500,000	$	2,000,000,000
4		2,000,000	$	2,500,000,000
5		1,000,000	$	3,000,000,000
6		1,000,000	$	3,500,000,000
7		1,000,000	$	4,000,000,000
8		2,000,000	$	4,500,000,000
9		1,000,000	$	5,000,000,000
10		1,000,000	$	5,500,000,000
Total:		13,000,000

Summary of Option and Stock Appreciation Rights Activity

	Number of Options/SARs			Range of Exercise Price		Weighted Average Exercise Price per Share
Outstanding, December 31, 2023		3,650,115		$	0.74 - $9.87	$	3.93
Granted		790,000		$	1.90 - $3.01	$	2.90
Exercised		(151,503	)	$	0.74 - $2.57	$	1.41
Forfeited		(430,252	)	$	0.74 - $9.87	$	4.17
Outstanding, December 31, 2024		3,858,360		$	0.74 - $9.20	$	3.79

Summary of Option and Stock Appreciation Rights Outstanding by Range of Exercise Price

A summary of the options and stock appreciation rights outstanding by range of exercise price is as follows:

	Year Ended December 31, 2024
							Number of		Weighted
			Weighted		Weighted		Options		Average Exercise
	Options		Average		Average		Currently		Price Per Vested
Range of Exercise Prices	Outstanding		Remaining Life		Exercise Price		Exercisable		Share
$0.00 - $1.00		235,426		3.16	$	0.74		235,426	$	0.74
$1.01 - $2.00		119,766		8.78	$	1.77		26,748	$	1.53
$2.01 - $4.00		1,717,634		7.42	$	2.59		741,786	$	2.25
$4.01 - $10.00		1,785,534		6.18	$	5.47		1,576,780	$	5.50
		3,858,360		6.63	$	3.79		2,580,740	$	4.09

Summary of Restricted Stock Unit Activity

A summary of the restricted stock unit activity for the year ended December 31, 2024, is as follows:

	Number of Restricted Stock Units			Weighted Average Grant Date Fair Value per Unit
Outstanding, December 31, 2023		1,502,131		$	3.94
Granted		696,945		$	1.69
Vested		(652,544	)	$	2.91
Outstanding, December 31, 2024		1,546,532		$	3.36

Summary of Reserved Shares of Common Stock for Conversion

The Company has reserved shares of common stock for conversion of convertible preferred stock, estimated additional earnout shares to APT, and the issuance of options granted under the Company’s stock option plan and its stock purchase plan as follows:

	December 31,		December 31,
	2024		2023
Series A Convertible Preferred Stock		52,502,740		54,704,831
Performance Share Unit Plan		13,000,000		13,000,000
Stock award plans		5,317,547		2,690,393
APT additional earnout shares		4,613,380		-
Employee Stock Purchase Plan		304,682		107,688
		75,738,349		70,502,912