XML 24 R6.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CHANGES IN CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Previously Reported, Before Reclassification
Recapitalization
Adjusted Balance
Common Stock
Common Stock
Previously Reported, Before Reclassification
Common Stock
Recapitalization
Common Stock
Adjusted Balance
Notes Receivables from Stockholders
Notes Receivables from Stockholders
Previously Reported, Before Reclassification
Notes Receivables from Stockholders
Adjusted Balance
Additional Paid-in Capital
Additional Paid-in Capital
Previously Reported, Before Reclassification
[1]
Additional Paid-in Capital
Recapitalization
[1]
Additional Paid-in Capital
Adjusted Balance
[1]
Accumulated Deficit
Accumulated Deficit
Previously Reported, Before Reclassification
Accumulated Deficit
Adjusted Balance
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Previously Reported, Before Reclassification
Accumulated Other Comprehensive Loss
Adjusted Balance
Beginning balance (in shares) at Dec. 31, 2022   2,174,429 4,471,866 6,646,295                                  
Beginning balance at Dec. 31, 2022   $ 436,280   $ 436,280                                  
Increase (Decrease) in Temporary Equity [Roll Forward]                                          
Conversion of convertible preferred stock to common stock (in shares) (6,646,295)                                        
Conversion of convertible preferred stock to common stock $ (436,280)                                        
Ending balance (in shares) at Dec. 31, 2023 0                                        
Ending balance at Dec. 31, 2023 $ 0                                        
Beginning balance (in shares) at Dec. 31, 2022 [1]           1,961,567 4,034,101 5,995,668                          
Beginning balance at Dec. 31, 2022   $ (604,183)   $ (604,183)   $ 0 [1] $ 1 [1] $ 1 [1]   $ (53,225) $ (53,225)   $ 618,121 $ (1) $ 618,120   $ (1,167,656) $ (1,167,656)   $ (1,423) $ (1,423)
Increase (Decrease) in Stockholders' Equity                                          
Conversion of convertible preferred stock to common stock (in shares) [1]         6,646,295                                
Conversion of convertible preferred stock to common stock 436,279       $ 1 [1]             $ 436,278 [1]                  
Conversion of pre-closing bridge notes to common stock (in shares) [1]         2,100,000                                
Conversion of pre-closing bridge notes to common stock 750,000                     750,000 [1]                  
Issuance of common stock upon Business Combination close (in shares) [1]         200,090                                
Issuance of common stock upon Business Combination close 37,966                     37,966 [1]                  
Exercise of warrants (in shares) [1]         291,523                                
Exercise of warrants 4,289                     4,289 [1]                  
Transaction costs related to the Business Combination (17,173)                     (17,173) [1]                  
Recognition of derivative liability related to earnout (548)                     (548) [1]                  
Assumption private placement and public warrants (1,276)                     (1,276) [1]                  
Issuance of common stock for options exercised (in shares) [1]         36,291                                
Issuance of common stock for options exercised 656                     656 [1]                  
Cancellation of common stock (in shares) [1]         (56,110)                                
Cancellation of common stock (8)                     (8) [1]                  
Stock-based compensation 58,284                     58,284 [1]                  
Tax withholding upon vesting of restricted stock units (5,966)                     (5,966) [1]                  
Shares issued for vested restricted stock units (in shares) [1]         280,148                                
Shares issued for vested restricted stock units 0                                        
Vesting of common stock issued via notes receivable from stockholders 0               $ (3,561)     3,561 [1]                  
Forfeiture of shares (in shares) [1]         (308,813)                                
Forfeiture of shares 2               30,487     (30,485) [1]                  
Forgiveness of officer loans 988               988                        
Shares transferred in settlement of loans (in shares) [1]         (149,626)                                
Shares transferred in settlement of loans 1               15,200     (15,199) [1]                  
Net loss (536,420)   $ 0                         $ (536,420)          
Other comprehensive loss— foreign currency translation adjustment, net of tax $ (291)                                   $ (291)    
Ending balance (in shares) at Dec. 31, 2023 15,035,467       15,035,467 [1]                                
Ending balance at Dec. 31, 2023 $ 122,600       $ 2 [1]       (10,111)     1,838,499 [1]       (1,704,076)     (1,714)    
Increase (Decrease) in Stockholders' Equity                                          
Transaction costs related to the Business Combination                       17,200                  
Recognition of derivative liability related to earnout 0                                        
Assumption private placement and public warrants 0                                        
Adjustment of transaction costs related to Business Combination $ (2,372)                     (2,372) [1]                  
Issuance of common stock for options exercised (in shares) 5,212       6,814 [1]                                
Issuance of common stock for options exercised $ 1,560                     1,560 [1]                  
Cancellation of common stock (in shares) [1]         (30,673)                                
Stock-based compensation 28,534                     28,534 [1]                  
Tax withholding upon vesting of restricted stock units (in shares)         (67,235)                                
Tax withholding upon vesting of restricted stock units (1,972)                     (1,972) [1]                  
Shares issued for vested restricted stock units (in shares) [1]         224,422                                
Vesting of common stock issued via notes receivable from stockholders (8)               (893)     885 [1]                  
Settlement of notes receivable from stockholders 0               1,846     (1,846) [1]                  
Net loss (206,290)                             (206,290)          
Other comprehensive loss— foreign currency translation adjustment, net of tax $ (222)                                   (222)    
Ending balance (in shares) at Dec. 31, 2024 15,168,795       15,168,795 [1]                                
Ending balance at Dec. 31, 2024 $ (58,170)       $ 2 [1]       $ (9,158)     $ 1,863,288 [1]       $ (1,910,366)     $ (1,936)    
[1] Periods have been adjusted to reflect the 1-for-50 reverse stock split on August 16, 2024. See Note 1 Organization and Nature of the Business - Reverse Stock Split, for additional information.