XML 49 R41.htm IDEA: XBRL DOCUMENT v3.25.1
SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Reconciliation of the Net Loss

The following table shows a reconciliation of the Company’s net loss, including the significant expense categories regularly provided to and reviewed by the CODM, as computed under U.S. GAAP, to the Company’s total net loss in the consolidated statements of operations:

Year Ended
December 31,

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Revenue

$

152,127

 

 

$

2,085,532

 

Cost of revenue:

 

 

 

 

 

 

Materials

 

 

57,867

 

 

 

944,615

 

Direct labor

 

 

1,336,722

 

 

 

1,457,823

 

Direct job costs

 

 

222,835

 

 

 

2,833,893

 

Overhead

 

 

588,052

 

 

 

459,102

 

Total cost of revenue

 

 

2,205,476

 

 

 

5,695,433

 

Gross margin

 

(2,053,349

)

 

 

(3,609,901

)

Operating expenses:

 

 

 

 

 

Research and development

 

1,821,816

 

 

 

5,462,680

 

Selling and marketing

 

 

468,074

 

 

 

1,539,690

 

General and administrative

 

8,807,651

 

 

 

11,117,525

 

Total operating expenses

 

11,097,541

 

 

 

18,119,895

 

Other segment items (1)

 

 

(21,364,864

)

 

 

1,019,350

 

Segment net loss

$

(34,515,754

)

 

$

(20,710,446

)

 

(1) Other segment items consist of interest income, interest expense, change in fair value of warrant liabilities, change in fair value of derivative liability, loss on extinguishment of debt and other income, net.