Convertible Preferred Stock and Stockholders’ Equity (Tables)

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Summary of Performance Award And Market Capitalization Milestones

Tranche #	No. of Shares Subject to PSU		Market Capitalization Milestones(1)
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

A summary of the option and stock appreciation rights activity for the six-month period ended June 30, 2025, is as follows:

	Number of Options/SARs			Range of Exercise Price		Weighted Average Exercise Price per Share
Outstanding, December 31, 2024		3,858,360			$0.74 - $9.20	$	3.79
Granted		673,000			$1.60 - $2.27	$	1.62
Exercised		(24,300	)		$0.74 - $2.15	$	1.96
Forfeited		(135,720	)		$1.53 - $6.96	$	3.06
Outstanding, June 30, 2025		4,371,340			$0.74 - $9.20	$	3.49

Schedule of Restricted Stock Unit Activity

A summary of the restricted stock unit activity for the six-month period ended June 30, 2025, is as follows:

	Number of Restricted Stock Units			Weighted Average Grant Date Fair Value per Unit
Outstanding, December 31, 2024		1,546,532		$	3.36
Granted		954,093		$	1.67
Vested		(120,000	)	$	5.24
Outstanding, June 30, 2025		2,380,625		$	2.59