XML 15 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:        
Net income (loss)     $ 46,094 $ (33,018)
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Depreciation     49 48
Stock-based compensation expense     3,314 2,505
Change in fair value of convertible notes $ (1,795) $ 1,453 (1,708) 6,110
Change in fair value of warrants (5,905)   14,999  
Loss on embedded forward purchase agreements and derivative liabilities (2,905)   20,012  
Change in fair value of contingent consideration (161,233)   (97,464)  
Changes in operating assets and liabilities:        
Prepaid expenses and other current assets     487 33
Accounts payable     (358) (1,460)
Accrued expenses and other liabilities     (2,263) 4,656
Other assets and liabilities     122 (17)
Net cash used in operating activities     (16,716) (21,143)
Cash flows from financing activities:        
Proceeds from issuance of convertible notes     15,000 14,000
Net cash provided by financing activities     15,000 14,000
Net decrease in cash and cash equivalents     (1,716) (7,143)
Cash and cash equivalents at beginning of period     5,158 9,746
Cash and cash equivalents at end of period $ 3,442 $ 2,603 $ 3,442 $ 2,603
Financial Designation, Predecessor and Successor [Fixed List] Successor Predecessor Successor Predecessor