v3.26.1
Business Segment Data (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information
The following table presents information about the Company’s Technology segment. The information includes the significant expense categories and amounts regularly provided to the CODM for the reportable segment, which may reflect a different presentation than amounts presented elsewhere in the condensed consolidated financial statements. Inter-segment transactions are not eliminated from segment results when management considers those transactions in assessing the results of the Technology segment.
Three months endedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
(in thousands)
Revenue$914 $254 $2,236 $255 
Interest income266 — 614 4 
Cost of sales$243 $2,861 $1,269 $3,045 
Employee costs 9,144 3,517 17,714 7,804 
Facilities, equipment & supplies 1,629 80 2,907 461 
General and administrative546 840 1,190 3,235 
Outside services 652 501 1,328 809 
Research and development5,153 3,678 9,142 8,023 
Sales and marketing331 148 919 432 
Depreciation expense *332 156 674 301 
Interest expense178 190 349 317 
Income tax expense (benefit)18 (2,645)(3,134)(4,104)
Goodwill impairment— 113,344 — 346,557 
Other **325 91 581 195 
Total Expenses$18,551 $122,761 $32,939 $367,075 
Net Loss$(17,371)$(122,507)$(30,089)$(366,816)
* Represents depreciation expense not already included in Cost of sales.
** Other - travel and other miscellaneous expenses.
The following table reconciles the reportable segment to amounts reflected in our condensed consolidated financial statements.
Three months endedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Revenues:(in thousands)
Technology$914 $254 $2,236 $255 
Other93 249 268 499 
Elimination of management services provided to Technology(54)(27)(108)(54)
Consolidated Revenues$953 $476 $2,396 $700 
Interest Expense:
Technology$178 $190 $349 $317 
Other1,000 2,747 2,369 4,382 
Elimination of Intercompany Interest(70)— (137)— 
Consolidated Interest Expense$1,108 $2,937 $2,581 $4,699 
Interest Income:
Technology$266 $— $614 4 
Other381 290 584 $510 
Elimination of Intercompany Interest(70)— (137)$— 
Consolidated Interest Income$577 $290 $1,061 $514 
Depreciation and Amortization Expense:
Technology$5,658 $5,629 $11,326 $11,177 
Other2 5 5 5 
Consolidated Depreciation and Amortization Expense$5,660 $5,634 $11,331 $11,182 
Net Loss:
Technology$(17,371)$(122,508)$(30,089)$(366,817)
Other(17,543)(18,767)(32,608)(28,132)
Consolidated Net Loss$(34,914)$(141,275)$(62,697)$(394,949)
Capital Expenditures:
Technology$228 $15 $1,074 $932 
Consolidated Capital Expenditures$228 $15 $1,074 $932