Condensed Consolidated Statements of Cash Flows - USD ($)		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net loss	[1]	$ (477,809,000)	$ (388,448,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		215,000	135,000
Claims amortization expense		237,285,000	242,020,000
Paid-in-kind interest	[1]	162,042,000	132,850,000
Loss debt extinguishment		80,000
Change in fair value of warrant liability		(17,347,000)	(76,362,000)
Change in fair value of derivatives		(116,000)	78,000
Mark-to-market gain (loss) on liability payable in stock		4,000	(289,000)
Professional fees payable in shares		1,200,000	1,068,000
Non-cash lease expense		1,000	3,000
Change in operating assets and liabilities:
Accounts receivable			217,000
Prepaid expenses and other assets		(534,000)	4,169,000
Affiliate receivable	[1]	(59,000)	(54,000)
Affiliate payable	[1]	(683,000)
Accounts payable, commission payable and accrued liabilities		(1,373,000)	6,288,000
Interest Payable		81,440,000	67,070,000
Deferred revenue			91,000
Net cash used in operating activities		(15,654,000)	(11,164,000)
Cash flows from investing activities:
Purchases of property and equipment		(163,000)	(143,000)
Purchases of intangible assets			(200,000)
Net cash used in investing activities		(163,000)	(343,000)
Cash flows from financing activities:
Proceeds from debt financing		8,513,000	9,250,000
Payments on related party loan	[1]		(382,000)
Repayment of the Claims financing obligation		(1,713,000)	(2,503,000)
Proceeds from the issuance of common stock		679,000	622,000
Net cash provided by financing activities		7,479,000	6,987,000
Net decrease in cash		(8,338,000)	(4,520,000)
Cash at beginning of year		12,328,000	11,633,000
Cash at end of period		3,990,000	7,113,000
Supplemental disclosure of non-cash investing and financing activities:
Original issue discount		4,871,000	3,250,000
Issuance of shares in settlement of debt		679,000	622,000
Payment of professional fees through issuance of Class A common stock		811,000	1,068,000
Cash paid during the period for:
Interest		$ 870,000	$ 1,178,000

[1] Balances include related party transactions. See Note 12, Related Party Transactions, for further details.