v3.26.1
Unaudited Condensed Consolidated Statements of Stockholders’ Equity (Deficit) - USD ($)
$ in Thousands
Total
Class A Common Stock
Series C Preferred Stock
Total Stockholders’ Deficit Attributable to the Company
Total Stockholders’ Deficit Attributable to the Company
Class A Common Stock
Total Stockholders’ Deficit Attributable to the Company
Series C Preferred Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
 [1]
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series C Preferred Stock
Additional 
Paid-in 
Capital
Additional 
Paid-in 
Capital
Class A Common Stock
Additional 
Paid-in 
Capital
Series C Preferred Stock
Accumulated 
Other 
Comprehensive Income (Loss)
Accumulated Deficit
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024             439,461 [1] 45 0              
Beginning balance at Dec. 31, 2024 $ 114,967           $ 0 [1] $ 0 $ 0   $ 4,421,569     $ 7,744 $ (4,314,346)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Conversion of notes payable and accrued interest into Class A Common Stock (in shares)             367,215 [1]   (1,952,629)              
Conversion of notes payable and accrued interest into Class A Common Stock 76,990                   76,990          
Issuance of preferred stock series B to SPA noteholders (in shares)                 6,352,861              
Settlement of HSL s.r.l. lawsuit with issuance of Class A Common Stock (in shares) [1]             10,607                  
Settlement of HSL s.r.l. lawsuit with issuance of Class A Common Stock 2,245                   2,245          
Release Chongqing accrued interest and penalties 654                   654          
Stock-based compensation 469                   469          
Issuance of shares for RSU vesting net of tax withholdings (in shares) [1]             865                  
Issuance of shares for RSU vesting net of tax withholdings 74                   74          
Foreign currency translation adjustment (589)                         (589)    
Net loss (134,954)                           (134,954)  
Ending balance (in shares) at Jun. 30, 2025             818,148 [1] 45 4,400,232              
Ending balance at Jun. 30, 2025 59,856           $ 0 [1] $ 0 $ 0   4,502,001     7,155 (4,449,300)  
Beginning balance (in shares) at Mar. 31, 2025             578,578 [1] 45 0              
Beginning balance at Mar. 31, 2025 139,808           $ 0 [1] $ 0 $ 0   4,456,382     8,050 (4,324,624)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Conversion of notes payable and accrued interest into Class A Common Stock (in shares)             233,338 [1]   (1,952,629)              
Conversion of notes payable and accrued interest into Class A Common Stock 44,317                   44,317          
Issuance of preferred stock series B to SPA noteholders (in shares)                 6,352,861              
Settlement of HSL s.r.l. lawsuit with issuance of Class A Common Stock (in shares) [1]             5,446                  
Settlement of HSL s.r.l. lawsuit with issuance of Class A Common Stock 1,060                   1,060          
Stock-based compensation 168                   168          
Issuance of shares for RSU vesting net of tax withholdings (in shares) [1]             786                  
Issuance of shares for RSU vesting net of tax withholdings 74                   74          
Foreign currency translation adjustment (895)                         (895)    
Net loss (124,676)                           (124,676)  
Ending balance (in shares) at Jun. 30, 2025             818,148 [1] 45 4,400,232              
Ending balance at Jun. 30, 2025 59,856           $ 0 [1] $ 0 $ 0   4,502,001     7,155 (4,449,300)  
Beginning balance (in shares) at Dec. 31, 2025             1,327,538 [1] 45 7,184,760 0            
Beginning balance at Dec. 31, 2025 7,759     $ (27,338)     $ 0 [1] $ 0 $ 0 $ 0 4,673,887     3,817 (4,705,042) $ 35,097
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Conversion of notes payable and accrued interest into Class A Common Stock (in shares)             1,047,933 [1]   (2,235,906)              
Conversion of notes payable and accrued interest into Class A Common Stock 56,234     56,234             56,234          
Issuance of Class A Common Stock and Series C Preferred Stock held for a consolidated subsidiary (in shares)             12,821 [1]     11,502            
Issuance of Class A Common Stock and Series C Preferred Stock held for a consolidated subsidiary   $ 500 $ 11,502   $ 500 $ 11,502           $ 500 $ 11,502      
Elimination of Class A Common Stock and Series C Preferred Stock held for a consolidated subsidiary (in shares) [1]             (12,821)                  
Elimination of Class A Common Stock and Series C Preferred Stock held for a consolidated subsidiary   (500)     (500)             (500)        
Elimination of Series C Preferred Stock held for the benefit of a consolidated subsidiary (in shares)                   (11,502)            
Elimination of Series C Preferred Stock held for the benefit of a consolidated subsidiary     (11,502)     (11,502)             (11,502)      
Issuance of Class A common stock to vendor (in shares) [1]             10,042                  
Issuance of Class A common stock to vendor 1,210     1,210             1,210          
Release Chongqing accrued interest and penalties 20,196     20,196             20,196          
Stock-based compensation 33     33             33          
Issuance of shares for RSU vesting net of tax withholdings (in shares) [1]             2,941                  
Issuance of shares for RSU vesting net of tax withholdings 134     134             134          
Foreign currency translation adjustment (2,874)     (2,874)                   (2,874)    
Net loss (81,280)     (74,885)                     (74,885) (6,395)
Ending balance (in shares) at Jun. 30, 2026             2,388,454 [1] 45 4,948,854 0            
Ending balance at Jun. 30, 2026 1,412     (27,290)     $ 0 [1] $ 0 $ 0 $ 0 4,751,694     943 (4,779,927) 28,702
Beginning balance (in shares) at Mar. 31, 2026             1,882,731 [1] 45 6,128,378 0            
Beginning balance at Mar. 31, 2026 19,241     (12,395)     $ 0 [1] $ 0 $ 0 $ 0 4,728,930     2,573 (4,743,898) 31,636
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Conversion of notes payable and accrued interest into Class A Common Stock (in shares)             499,104 [1]   (1,179,524)              
Conversion of notes payable and accrued interest into Class A Common Stock 22,486     22,486             22,486          
Issuance of Class A Common Stock and Series C Preferred Stock held for a consolidated subsidiary (in shares)             12,821 [1]     11,502            
Issuance of Class A Common Stock and Series C Preferred Stock held for a consolidated subsidiary   500 11,502   500 11,502           500 11,502      
Elimination of Class A Common Stock and Series C Preferred Stock held for a consolidated subsidiary (in shares) [1]             (12,821)                  
Elimination of Class A Common Stock and Series C Preferred Stock held for a consolidated subsidiary   $ (500)     $ (500)             $ (500)        
Elimination of Series C Preferred Stock held for the benefit of a consolidated subsidiary (in shares)                   (11,502)            
Elimination of Series C Preferred Stock held for the benefit of a consolidated subsidiary     $ (11,502)     $ (11,502)             $ (11,502)      
Issuance of Class A common stock to vendor (in shares) [1]             3,678                  
Issuance of Class A common stock to vendor 160     160             160          
Stock-based compensation (16)     (16)             (16)          
Issuance of shares for RSU vesting net of tax withholdings (in shares) [1]             2,941                  
Issuance of shares for RSU vesting net of tax withholdings 134     134             134          
Foreign currency translation adjustment (1,630)     (1,630)                   (1,630)    
Net loss (38,963)     (36,029)                     (36,029) (2,934)
Ending balance (in shares) at Jun. 30, 2026             2,388,454 [1] 45 4,948,854 0            
Ending balance at Jun. 30, 2026 $ 1,412     $ (27,290)     $ 0 [1] $ 0 $ 0 $ 0 $ 4,751,694     $ 943 $ (4,779,927) $ 28,702
[1] Retrospectively adjusted for the effect of the Reverse Stock Split effected on July 24, 2026.