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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
8.25% Convertible Notes
Common stock issued under Tumim Purchase Agreements
Common stock issued under Equity Distribution Agreement, net
Direct Offering
Public Offering
Common Stock
Common Stock
8.25% Convertible Notes
Common Stock
Common stock issued under Tumim Purchase Agreements
Common Stock
Common stock issued under Equity Distribution Agreement, net
Common Stock
Direct Offering
Common Stock
Public Offering
Additional Paid-in Capital
Additional Paid-in Capital
8.25% Convertible Notes
Additional Paid-in Capital
Common stock issued under Tumim Purchase Agreements
Additional Paid-in Capital
Common stock issued under Equity Distribution Agreement, net
Additional Paid-in Capital
Direct Offering
Additional Paid-in Capital
Public Offering
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period (in shares) at Dec. 31, 2022 [1]             17,097,850                          
Balance at beginning of period at Dec. 31, 2022 $ 526,479           $ 2 [1]           $ 2,562,904           $ (2,034,850) $ (1,577)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Exercise of stock options (in shares) 224,121           224,121 [1]                          
Exercise of stock options $ 7,155                       7,155              
Issuance of shares for RSU awards (in shares) [1]             441,585                          
Common stock issued (in shares) [1]                 1,073,726 2,278,375 1,979,167 5,441,468                
Common stock issued     $ 67,587 $ 117,525 $ 63,156 $ 127,893         $ 1 [1]       $ 67,587 $ 117,525 $ 63,155 $ 127,893    
Common stock issued for conversions of convertible notes (in shares) [1]               16,486,475                        
Common stock issued for conversions of convertible notes   $ 526,943           $ 1 [1]           $ 526,942            
Common stock received for contingent stock consideration (in shares) [1]             (686,667)                          
Common stock received for contingent stock consideration (69,939)                       (2)           (69,937)  
Reclassification of conversion features embedded in Toggle Convertible Notes to equity 241,851                       241,851              
Reclassification of share-based payment awards from liability to equity 20,992                       20,992              
Reclassification of share-based payment awards from equity to liability (10,401)                       (10,401)              
Stock-based compensation 64,800                       64,800              
Net loss (966,282)                                   (966,282)  
Other comprehensive income $ 1,415                                     1,415
Balance at end of period (in shares) at Dec. 31, 2023 44,336,100 [2]           44,336,100 [1]                          
Balance at end of period at Dec. 31, 2023 $ 719,174           $ 4 [1]           3,790,401           (3,071,069) (162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Exercise of stock options (in shares) 0                                      
Issuance of shares for RSU awards (in shares) [1]             469,726                          
Issuance of shares for RSU awards $ 1           $ 1 [1]                          
Common stock issued (in shares) [1]                   29,770,563                    
Common stock issued       $ 126,858           $ 3 [1]           $ 126,855        
Common stock issued for conversions of convertible notes (in shares) [1]               41,063,202                        
Common stock issued for conversions of convertible notes   $ 187,365           $ 4 [1]           $ 187,361            
Stock-based compensation 31,969                       31,969              
Net loss (958,229)                                   (958,229)  
Other comprehensive income $ 284                                     284
Balance at end of period (in shares) at Dec. 31, 2024 115,639,591 [2]           115,639,591 [1]                          
Balance at end of period at Dec. 31, 2024 $ 107,422           $ 12 [1]           $ 4,136,586           $ (4,029,298) $ 122
[1]
(1) Amounts have been adjusted to reflect the one-for-thirty (1-for-30) reverse stock split that became effective on June 24, 2024. See Note 1, Basis of Presentation.
[2] Shares issued and outstanding have been adjusted to reflect the one-for-thirty (1-for-30) reverse stock split that became effective on June 24, 2024. See Note 1, Basis of Presentation.