v3.25.2
Loss Per Share (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Numerator:        
Net income (loss) for basic earnings per share $ (7,454,176) $ 4,540,975 $ (15,021,363) $ (68,297,961)
Adjustments to net income (loss) available to shareholders        
Change in fair value of SPA warrant liabilities 0 (4,441,987) 0 0
New convertible debentures interest and change in fair value 0 (7,454,365) 0 0
Convertible secured debentures interest and amortization 0 1,326,657    
Adjusted net loss for diluted earnings per share $ (7,454,176) $ (6,028,720) $ (15,021,363) $ (68,297,961)
Denominator:        
Weighted average shares used to compute basic EPS (in shares) 29,007,029 1,950,563 28,231,536 1,667,187
Stock options (in shares) $ 0 $ 0 $ 0 $ 0
Restricted and performance stock units (in shares) 0 17,786 0 0
SPA Warrants (in shares) 0 144,759 0 0
Convertible debt (in shares) $ 0 $ 3,251,287    
Weighted average shares used to compute diluted EPS (in shares) 29,007,029 5,364,395 28,231,536 1,667,187
Basic loss per share (in dollars per share) $ (0.26) $ 2.33 $ (0.53) $ (40.97)
Diluted loss per share (in dollars per share) $ (0.26) $ (1.12) $ (0.53) $ (40.97)
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 32,768,470 863,754 32,778,911 4,259,800
Stock options        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 12,104 50,736 14,715 50,736
Restricted and performance stock units        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 126,308 165,796 134,138 165,796
Warrants        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 545,419 438,889 545,419 583,648
Earnout shares        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 208,333 208,333 208,333 208,333
Seatrepid earnout shares        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 6,043,896 0 6,043,896 0
Convertible debt        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 7,982,654 0 7,982,654 3,251,287
Series A Convertible Preferred Stock        
Anti-dilutive securities excluded from shares outstanding:        
Total anti-dilutive securities excluded from shares outstanding (in shares) 17,849,756 0 17,849,756 0