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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net loss $ (357,141) $ (234,588)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 56,542 53,504
Amortization of operating lease right-of-use assets 2,199 1,947
Non-cash interest expense 2,825 2,030
Loss (gain) on digital assets, net 383 0
Loss (gain) on disposal of property and equipment 1,715 2,511
Asset impairment 138,483 7,673
Stock-based compensation 2,492 2,252
Reserve on inventory 14,385 0
H.S.L. SRL. settlement adjustment (295) 0
Settlement on accrued research and development expenses 0 (14,935)
Change in fair value of notes payable, warrant liabilities, and derivative liabilities (36,721) (28,927)
Change in fair value of related party notes payable, warrant liabilities, and derivative liabilities 3,283 (315)
Loss (gain) on foreign exchange 0 (40)
250000 250 366
Changes in operating assets and liabilities    
Accounts receivables (589) 0
Inventory 1,468 6,949
Loss (gain) on foreign exchange 2,582 1,157
Accounts payable (10,838) (1,736)
Operating lease liabilities (2,684) 0
Financing lease liabilities 0 1,976
Other current and non-current assets (4,392) (2,134)
Net cash used in operating activities (79,171) (51,796)
Cash flows from investing activities    
Investment in Qualigen Therapeutics, Inc., net of cash acquired 8,777 0
Proceeds from sale of equipment 0 87
Purchase of digital assets (10,500) 0
Sale of digital assets 8,525 0
Payments for property and equipment (6,525) (659)
Net cash provided by (used in) investing activities 277 (572)
Cash flows from financing activities    
Payments of notes payable and other financing obligations (4,482) (101)
Proceeds from other financial obligations 4,802 0
Proceeds from exercise of warrants 1,441 0
Net cash provided by financing activities 135,783 55,685
Effect of exchange rate changes on cash and restricted cash (1,126) 7
Net (decrease) increase in cash and restricted cash 55,763 3,324
Cash and restricted cash, beginning of period 7,174 4,025
Cash and restricted cash, end of period 62,937 7,349
Cash and restricted cash    
Cash 62,909 7,269
Restricted cash 28 80
Cash, cash equivalents, restricted cash, and restricted cash equivalents 62,937 7,349
Supplemental disclosure of cash flow information    
Cash paid for interest 4,194 2,988
Cash paid for taxes 0 0
Supplemental disclosure of noncash investing and financing activities    
Conversion of notes payable and accrued interest into Class A Common Stock 57,341 44,891
Issuance of warrants and related party warrants with the SPA Portfolio Notes 48,110 17,914
Settlement of vendor liability in Class A Common Stock 2,245 0
Non-Cash Warrant Exercise Activity and FV Reclassifications to Equity 12,649 0
Additions of property and equipment included in accounts payable and accrued expenses 42,717 45,455
RSU tax withholdings 0 10
Purchase of Class A Common Stock under the Salary Deduction and Stock Purchase Agreements 0 36
Recognition of right-of use assets and liabilities for new leases and lease modifications 6,260 0
Supplemental disclosure of noncash operating activities    
Settlement of Palantir dispute with issuance of Class A Common Stock 0 2,400
Nonrelated Party    
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on settlement of notes payable 84,895 117,509
Changes in operating assets and liabilities    
Accrued expenses and other current liabilities 17,644 7,554
Cash flows from financing activities    
Payments of notes payable issuance costs (2,540) (1,310)
Proceeds from notes payable, net of original issuance discount 132,391 54,021
Related Party    
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on settlement of notes payable 3,040 14,295
Changes in operating assets and liabilities    
Accrued expenses and other current liabilities 1,303 3,612
Related party accrued interest expense 0 7,544
Cash flows from financing activities    
Payments of notes payable issuance costs (560) 0
Proceeds from notes payable, net of original issuance discount $ 4,731 $ 3,075