| Schedule of Segment Reporting Information, by Segment |
The following table sets forth information about the Company’s single reportable segment and the expenses reviewed by the CODM, including a reconciliation to the consolidated net loss: | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | | | | | 2025 | | 2024 | | | | | | | | | (In thousands) | | Revenue | | | | | $ | 1,643 | | | $ | — | | | | | Cost of revenue | | | | | 1,448 | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | Selling, general and administrative costs | | | | | | | | | | | Employee and benefits | | | | | 7,567 | | | 2,385 | | | | | Share-based compensation | | | | | 6,839 | | | — | | | | | Consulting and professional services | | | | | 21,764 | | | 5,812 | | | | | Legal settlements | | | | | 2,254 | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other selling, general and administrative | | | | | 4,711 | | | 1,047 | | | | | | | | | | | | | | | | | | | | | | | | | | | Research and development costs | | | | | | | | | | | Employee and benefits | | | | | 7,569 | | | 3,122 | | | | | Consulting and professional services | | | | | 2,628 | | | 1,167 | | | | | Research and development | | | | | 2,554 | | | 324 | | | | | Facility and insurance | | | | | 1,839 | | | 1,334 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other research and development | | | | | 1,295 | | | 394 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other segment items (1) | | | | | 239,699 | | | 807 | | | | | Net loss | | | | | $ | (298,524) | | | $ | (16,392) | | | |
(1)Other segment items primarily consists of loss on fair market value of financial instruments, net, interest and dividend income, and interest expense and other income (loss), net.
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