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Pay vs Performance Disclosure - USD ($)
3 Months Ended 4 Months Ended 6 Months Ended 12 Months Ended 13 Months Ended 20 Months Ended
Nov. 28, 2022
Aug. 31, 2023
May 15, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2024
Aug. 22, 2022
Pay vs Performance Disclosure                
Pay vs Performance Disclosure, Table      
Year
Summary
Compensation
Table Total
for Dr. Quinn
($)(1)
Summary
Compensation
Table Total
for Mr.
Kastenmayer
($)(1)
Summary
Compensation
Table Total
for Mr.
Goldberg
($)(1)
Summary
Compensation
Table Total
for Mr.
Alspaugh
($)(1)
Summary
Compensation
Table Total
for Dr. Turtle
($)(1)
Compensation
Actually Paid
to Dr. Quinn
($)
Compensation
Actually Paid
to Mr.
Kastenmayer
($)
Compensation
Actually Paid
to Mr.
Goldberg
($)
Compensation
Actually Paid
to Mr. Alspaugh
($)
Compensation
Actually Paid
to Dr. Turtle
($)(3)
2024N/AN/AN/AN/A$6,960,186N/AN/AN/AN/A$12,324,760
2023N/AN/A$830,207$8,360,029$15,919,545N/AN/A$122,206$13,594,354$35,296,939
2022$2,392,254$865,785$1,832,485
N/A(6)
N/A$431,085$318,380$564,676
N/A(6)
N/A
Year
Summary
Compensation
Table Total for
Non-PEO NEOs
($)(2)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)(3)
Total Stockholder
Return Based on
Initial Fixed $100
Investment
($)(4)
Net Income
(in thousands)
($)(5)
2024$5,798,053$5,566,084$20$(208,018)
2023$7,069,877$9,563,596$18$(338,790)
2022$1,049,862$202,299$9$(83,815)
       
Named Executive Officers, Footnote       During years 2022, 2023 and 2024, the following individuals served as “principal executive officer” during the time periods set forth below:
NameDates as PEO During Years 2022 through 2024
Dr. Anthony QuinnJanuary 1, 2022 through August 23, 2022
Jim KastenmayerAugust 23, 2022 through November 29, 2022
Jeffrey M. GoldbergNovember 29, 2022 through May 16, 2023
Jonathan AlspaughMay 16, 2023 through August 31, 2023
Cameron TurtleNovember 22, 2023 through December 31, 2024
The dollar amounts reported in these columns represent the amount of total compensation reported for each of Dr. Quinn and Messrs. Kastenmayer, Goldberg, Alspaugh and Turtle (collectively, our “PEOs”) for each covered fiscal year in the “Total” column of the Summary Compensation Table for each applicable year. Please refer to “Executive Compensation Summary Compensation Table above.
       
Adjustment To PEO Compensation, Footnote       The dollar amounts reported in these columns represent the amount of “compensation actually paid” to our PEOs or our NEOs as a group (excluding our PEOs), as computed in accordance with Item 402(v) of Regulation S-K, for each covered fiscal year. In accordance with these rules, these amounts reflect total compensation as set forth in the Summary Compensation Table, adjusted as shown below for 2024. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The dollar amounts do not reflect the actual amount of compensation earned or
received by or paid to the PEOs during the applicable fiscal year.
Dr. TurtleAverage Non-PEO NEOs
Summary Compensation Table Total$6,960,186$5,798,053
Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table$(5,914,353)$(5,283,023)
Plus, year-end fair value of outstanding and unvested equity awards granted in the year$4,152,217$4,501,533
Plus, fair value as of vesting date of equity awards granted and vested in the year$2,129,038$40,957
Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years$1,381,127$174,038
Plus (less), change in fair value from last day of prior fiscal year to vesting date for equity awards granted in prior years that vested in the year$3,616,545$334,526
Compensation Actually Paid to PEOs$12,324,760$5,566,084
       
Non-PEO NEO Average Total Compensation Amount       $ 5,798,053 $ 7,069,877 $ 1,049,862    
Non-PEO NEO Average Compensation Actually Paid Amount       $ 5,566,084 9,563,596 202,299    
Adjustment to Non-PEO NEO Compensation Footnote       The dollar amounts reported in these columns represent the amount of “compensation actually paid” to our PEOs or our NEOs as a group (excluding our PEOs), as computed in accordance with Item 402(v) of Regulation S-K, for each covered fiscal year. In accordance with these rules, these amounts reflect total compensation as set forth in the Summary Compensation Table, adjusted as shown below for 2024. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The dollar amounts do not reflect the actual amount of compensation earned or
received by or paid to the PEOs during the applicable fiscal year.
Dr. TurtleAverage Non-PEO NEOs
Summary Compensation Table Total$6,960,186$5,798,053
Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table$(5,914,353)$(5,283,023)
Plus, year-end fair value of outstanding and unvested equity awards granted in the year$4,152,217$4,501,533
Plus, fair value as of vesting date of equity awards granted and vested in the year$2,129,038$40,957
Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years$1,381,127$174,038
Plus (less), change in fair value from last day of prior fiscal year to vesting date for equity awards granted in prior years that vested in the year$3,616,545$334,526
Compensation Actually Paid to PEOs$12,324,760$5,566,084
       
Compensation Actually Paid vs. Total Shareholder Return      
The following graph displays the compensation actually paid to our NEOs compared to our TSR.
Table 1.jpg
       
Compensation Actually Paid vs. Net Income      
The following graph displays our compensation actually paid compared to our net income.
Table 2.jpg
       
Total Shareholder Return Amount       $ 20 18 9    
Net Income (Loss)       $ (208,018,000) (338,790,000) (83,815,000)    
PEO Name Jim Kastenmayer Jonathan Alspaugh Jeffrey M. Goldberg       Cameron Turtle Dr. Anthony Quinn
Additional 402(v) Disclosure       The dollar amounts reported in this column represent the average amount of total compensation report for our NEOs as a group (excluding our PEOs) for each covered fiscal year in the “Total” column of the Summary Compensation Table for each applicable year. Please refer to “Executive Compensation Summary Compensation Table above. The names of each NEO included for these purposes in each applicable year are as follows: (i) for 2024, Dr. Sheldon Sloan and Mr. Burrows; (ii) for 2023, Mr. Burrows and Ms. King-Jones, and (iii) for 2022, Mr. Alspaugh and Dr. Leslie Sloan.Cumulative total stockholder return (“TSR”) is calculated by dividing (a) the sum of (i) the cumulative amount of dividends during the measurement period, assuming dividend reinvestment, and (ii) the difference between our stock price at the end of the applicable measurement period and the beginning of the measurement period by (b) our stock price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is December 31, 2021.The dollar amounts reported represent the amount of net income (loss) reflected in our audited financial statements for each covered fiscal year.Mr. Alspaugh only served as a PEO during fiscal year 2023; his compensation for fiscal year 2022 is included in the average for the Non-PEO NEOs.
Analysis of Information Presented in the Pay Versus Performance Table
In accordance with Item 402(v) of Regulation S-K, we are providing the following descriptions of the relationships between information presented in the Pay Versus Performance table above.
       
Cameron Turtle [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount       $ 6,960,186 15,919,545      
PEO Actually Paid Compensation Amount       12,324,760 35,296,939      
Jeffrey M. Goldberg [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount         830,207 1,832,485    
PEO Actually Paid Compensation Amount         122,206 564,676    
Jonathan Alspaugh [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount         8,360,029      
PEO Actually Paid Compensation Amount         $ 13,594,354      
Dr. Anthony Quinn [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount           2,392,254    
PEO Actually Paid Compensation Amount           431,085    
Jim Kastenmayer [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount           865,785    
PEO Actually Paid Compensation Amount           $ 318,380    
PEO | Cameron Turtle [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       (5,914,353)        
PEO | Cameron Turtle [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       4,152,217        
PEO | Cameron Turtle [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       1,381,127        
PEO | Cameron Turtle [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       2,129,038        
PEO | Cameron Turtle [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       3,616,545        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       (5,283,023)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       4,501,533        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       174,038        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       40,957        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount       $ 334,526