Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Principal Payments on Debt and Finance Leases

The following table provides the components of principal payments (in thousands):

	Year Ended December 31,
	2024		2023
Principal payments on debt	$	(37,994)	$	(2,200)
Principal payments on notes	(126)		(128)
Total	$	(38,120)	$	(2,328)

Schedule of Outstanding Warrants

The following table summarizes the Company’s outstanding warrant liabilities (dollars in thousands):

	Balance at December 31, 2023			Fair Value Adjustments(1)			Transfers to 5-Year Public Warrants(2)			Balance at December 31, 2024
	Warrants	Amount		Warrants	Amount		Warrants	Amount		Warrants	Amount
5-Year Private Warrants	865,422	$	26	—	$	(15)	(194,822)	$	(5)	670,600	$	6

				Fair Value Adjustments(1)			Transfers to 5-Year Public Warrants(2)
	Balance at December 31, 2022									Balance at December 31, 2023
	Warrants	Amount		Warrants	Amount		Warrants	Amount		Warrants	Amount
5-Year Private Warrants	9,126,515	$	786	—	$	(175)	(8,261,093)	$	(585)	865,422	$	26

(1)Liability classified warrants are subject to fair value remeasurement at each balance sheet date in accordance with ASC 815-40, Contracts on Entity’s Own Equity. As a result, fair value adjustments related exclusively to the Company’s liability classified warrants. See Note 21 – Fair Value Measurements for further detail on the fair value of the Company’s liability classified warrants.

(2)See Note 14 – Stockholders’ Equity.

The following table summarizes additional information on the Company’s outstanding warrants as of December 31, 2024:

	Exercise Price		Exercise Period	Expiration Date	Warrants Outstanding
5-Year Private Warrants	$	11.50	5 years	May 29, 2025	670,600

The following table summarizes the Company’s outstanding equity classified warrants included in Additional paid-in capital on the Consolidated Balance Sheets (dollars in thousands):

	Balance at December 31, 2023			Transfers from 5-Year Private Warrants(1)			Balance at December 31, 2024
	Warrants	Amount		Warrants	Amount		Warrants	Amount
5-Year Public Warrants	33,424,476	$	29,539	194,822	$	5	33,619,298	$	29,544
Public Offering Warrants	9,583,334	12,938		—	—		9,583,334	12,938
Private Placement Offering Warrants	46,816,480	25,604		—	—		46,816,480	25,604
Total	89,824,290	$	68,081	194,822	$	5	90,019,112	$	68,086

	Balance at December 31, 2022			Transfers from 5-Year Private Warrants(1)			Balance at December 31, 2023
	Warrants	Amount		Warrants	Amount		Warrants	Amount
5-Year Public Warrants	25,163,383	$	28,954	8,261,093	$	585	33,424,476	$	29,539
Public Offering Warrants	9,583,334	12,938		—	—		9,583,334	12,938
Private Placement Offering Warrants	46,816,480	25,604		—	—		46,816,480	25,604
Total	81,563,197	$	67,496	8,261,093	$	585	89,824,290	$	68,081

(1)See Note 13 – Warrant Liabilities.

The following table summarizes additional information on the Company’s outstanding equity-classified warrants as of December 31, 2024:

	Exercise price		Exercise period	Expiration date	Warrants outstanding
5-Year Public Warrants	$	11.50	5 years	May 29, 2025	33,619,298
Public Offering Warrants	$	10.50	5 years	October 6, 2025	9,583,334
Private Placement Offering Warrants	$	1.068	5 years	March 15, 2027	46,816,480

Schedule of Fair Value of the Warrants Upon the Issuance

The Company used the Black-Scholes option pricing model to determine the fair value of the Warrants upon the issuance date using the following assumptions:

	As of March 15, 2022
Expected term (years)	5
Risk-free interest rate	2.1	%
Expected volatility	118.4	%
Expected dividend yield	—