CAPITAL STOCK AND EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

CAPITAL STOCK AND EARNINGS PER SHARE

Schedule of computation of basic and diluted loss per share

The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share and per share amounts):

		Year ended		Year ended
		December 31, 2023		December 31, 2022
Numerator
Net loss from continuing operations	$	(343,066)	$	(282,404)
Less: Accrual of convertible preferred stock paid-in-kind dividends		2,494		261
Net loss attributable to common stockholders		(345,560)		(282,665)
Denominator
Weighted average number of common shares outstanding		15,945		13,908
Weighted average number of vested shares not yet issued		—		4
Weighted average number of common shares - Basic		15,945		13,912
Dilutive common stock outstanding		—		—
Weighted average number of common shares -Diluted		15,945		13,912
Net loss per share
Net loss per share attributable to common stockholders, basic	$	(21.67)	$	(20.32)
Net loss per share attributable to common stockholders, diluted	$	(21.67)	$	(20.32)

Schedule of computation of diluted net loss per share to common shareholders for their anti-dilutive effect

	Year ended	Year ended
	December 31, 2023	December 31, 2022
Foxconn Preferred Stock	1,128	1,033
Share awards	—	24
Foxconn Warrants	113	113
BGL Warrants	—	110
Private Warrants	154	154
Total	1,395	1,434