v3.26.1
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

Note 4. Segment Reporting

 

Our Chief Operating Decision Maker (“CODM”), the Chief Executive Officer, manages the Company’s business activities as a single operating and reportable segment at the consolidated level. Accordingly, our CODM uses condensed consolidated net (loss) income to measure segment profit or loss, allocate resources and assess performance. Further, the CODM reviews and utilizes natural expenses, such as employee wages and benefits at a consolidated level, to manage the Company’s operations and strategic growth initiatives.

 

The following table presents segment information of revenue, significant expenses and net (loss) income (in thousands):

 

   Three Months Ended 
   March 31, 
   2026   2025 
Revenue  $3,691   $39 
Less:          
Salaries and employee related costs   8,810    3,245 
Stock-based compensation   1,246    1,405 
Rent and facilities   831    233 
Professional services and legal fees   7,493    1,532 
Technology & IT costs   1,100    452 
Direct and indirect materials   657    
-
 
Other sales and marketing costs   932    265 
Depreciation and amortization expense   1,972    975 
Other operational expense   1,200    218 
Operating loss   (20,550)   (8,286)
Other income (loss)          
Interest and other income   13,495    1,696 
Interest expense   (171)   (58)
Change in fair value of derivative and warrant liabilities   3,176    23,630 
Segment net loss   (4,050)   16,982 
Other comprehensive income   (3,822)   
-
 
Total comprehensive income (loss)  $(7,872)  $16,982