v3.26.1
Convertible Debt (Tables)
3 Months Ended
Mar. 31, 2026
Convertible Debt  
Schedule of company’s net deferred tax assets
       
    Convertible Debt  
Balance as of December 31, 2025   $ 12,659  
Additions     1,050  
Settlement(1)     (3,084 )
Fair value measurement adjustments     200  
Balance as of March 31, 2026   $ 10,825  

 

    Convertible Debt  
Balance as of December 31, 2024   $ 4,512  
Additions     16,800  
Settlement(2)     (8,102 )
Fair value measurement adjustments     (551 )
Balance as of December 31, 2025   $ 12,659  

 

 
(1) During the three months ended March 31, 2026, the Company issued 15,825,249 shares of the Company’s Class A Common stock pursuant to purchase notices related to Pre-Paid Purchase #1. The shares issued have a total exchange amount of $350 thousand with exchange price of $1.44.
(2) During the year ended December 31, 2025, the Company issued 1,683,104 shares of the Company’s Class A Common Stock pursuant to multiple purchase notices related to Pre-Paid Purchase #1. The shares issued have a total exchange amount of $2,100 thousand with exchange prices ranging from $1.18 to $1.41.