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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating expenses:    
Selling, general and administrative $ 3,125 $ 4,649
Research and development 825 5,732
Change in fair value of contingent consideration (3,488) 63,769
Total operating costs and expenses 462 74,150
Loss from operations (462) (74,150)
Other income (loss):    
Change in fair value of convertible notes (1,631) (87)
Change in fair value of warrants 86,729 (20,903)
Loss on issuance of warrants (75,644)  
Loss on embedded forward purchase agreements and derivative liabilities, net   (22,917)
Other income, net 103 39
Total other income (loss), net 9,557 (43,868)
Income (loss) before taxes 9,095 (118,018)
Net income (loss) $ 9,095 $ (118,018)
Basic net income (loss) per share (in dollars per share) $ 2.28 $ (227.87)
Diluted net income (loss) per share (in dollars per share) $ 2.28 $ (227.87)
Weighted average shares of common stock outstanding used to compute basic net income (loss) per share 3,984,876 517,915
Weighted average shares of common stock outstanding used to compute diluted net income (loss) per share 3,984,876 517,915