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Redeemable Convertible Preferred Stock (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Preferred Stock

Preferred Stock consisted of the following (dollar amounts in thousands):

 

 

 

December 31, 2023

 

 

 

Preferred
Stock
Authorized

 

 

Preferred
Stock Issued
and Outstanding

 

 

Carrying
Value

 

 

Liquidation
Preference

 

 

Common Stock
Issuable Upon
Conversion

 

Series A Preferred Stock

 

 

20,000,000

 

 

 

20,000,000

 

 

$

193,143

 

 

$

216,293

 

 

 

20,980,000

 

Series B Preferred Stock

 

 

11,764,693

 

 

 

2,941,170

 

 

 

37,792

 

 

 

51,425

 

 

 

3,085,280

 

 

 

31,764,693

 

 

 

22,941,170

 

 

$

230,935

 

 

$

267,718

 

 

 

24,065,280