| Segment and Geographic Information |
15. Segment and Geographic Information The Company operates as a single operating and reportable segment. The CODM uses consolidated net loss to evaluate performance, allocate resources, set incentive compensation targets, and plan for future periods. The measure of segment assets is reported on the condensed consolidated balance sheets as total consolidated assets. The following table presents the significant segment expenses, which were regularly provided to the CODM: | | | Three Months Ended
March 31, | | | | | 2026 | | | 2025 | | | Revenue | | $ | 1,002 | | | $ | 868 | | | Significant segment expenses: | | | | | | | | | | Personnel | | | (10,818 | ) | | | (6,998 | ) | | Travel and entertainment | | | (870 | ) | | | (547 | ) | | Consulting and professional services | | | (15,517 | ) | | | (3,158 | ) | | Aircraft expense | | | (896 | ) | | | (340 | ) | | Software | | | (910 | ) | | | (534 | ) | | Facilities | | | (521 | ) | | | (472 | ) | | Other expenses | | | (1,650 | ) | | | (664 | ) | | Depreciation | | | (417 | ) | | | (381 | ) | | Benefit from contract loss provision | | | 3,435 | | | | 672 | | | Benefit from research and development agreement | | | 150 | | | | 150 | | | Total significant segment expenses | | | (28,014 | ) | | | (12,272 | ) | | Other segment expenses: | | | | | | | | | | Interest income | | | 517 | | | | 301 | | | Interest expense | | | (9 | ) | | | (1,614 | ) | | Other expense | | | (128 | ) | | | (61 | ) | | Change in fair value of warrant liabilities | | | 26,555 | | | | 46 | | | Change in fair value of convertible promissory notes | | | (87,824 | ) | | | — | | | Change in fair value of long-term debt | | | (2,470 | ) | | | — | | | Total other segment expenses | | | (63,359 | ) | | | (1,328 | ) | | Loss before provision for income taxes | | | (90,371 | ) | | | (12,732 | ) | | Provision for income taxes | | | 48 | | | | 1 | | | Net loss | | $ | (90,419 | ) | | $ | (12,733 | ) | Property and equipment, net and operating lease right-of-use assets, net by geographic area were as follows: | | | As of: | | | | | March 31, 2026 | | | December 31,
2025 | | | United States | | $ | 7,821 | | | $ | 4,541 | | | New Zealand | | | 4,865 | | | | 3,546 | | | Total | | $ | 12,686 | | | $ | 8,087 | |
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