v3.26.1
Unaudited Condensed Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Previously Reported
Convertible Preferred Units
Previously Reported
Member Units, Voting
Previously Reported
Common Stock
Previously Reported
Additional Paid-in Capital
Previously Reported
Subscription Receivable
Previously Reported
Accumulated Deficit
Previously Reported
Members’ Deficit
Previously Reported
Retroactive application of recapitalization
Convertible Preferred Units
Retroactive application of recapitalization
Member Units, Voting
Retroactive application of recapitalization
Common Stock
Retroactive application of recapitalization
Additional Paid-in Capital
Retroactive application of recapitalization
Subscription Receivable
Retroactive application of recapitalization
Accumulated Deficit
Retroactive application of recapitalization
Members’ Deficit
Retroactive application of recapitalization
Convertible Preferred Units
Member Units, Voting
Common Stock
Additional Paid-in Capital
Subscription Receivable
Accumulated Deficit
Members’ Deficit
Equity-classified CPU Share Allocation
Accumulated Other Comprehensive Income
Total EMAT Stockholders' Equity
Noncontrolling Interest
Total
Balance at Dec. 31, 2024 $ 9,587 $ 306 $ (60,892) $ (50,999) $ 45 $ (45) $ 50,999 $ (50,999) $ 9,587 $ 45 $ 261 $ (60,892)         $ (50,999)
Balance (in Shares) at Dec. 31, 2024 35,230,021 1,000,000             (1,000,000) 454,712,290           35,230,021 454,712,290                  
Issuance of convertible preferred units                                 $ 2,750 (1,500)         1,250
Issuance of convertible preferred units (in Shares)                                 7,050,000                      
Investor loan advances and deemed contributions                                 (853)         (853)
Net loss                                 (17,996)         (17,996)
Balance at Mar. 31, 2025                                 $ 12,337 $ 45 (592) (1,500) (78,888)         (68,598)
Balance (in Shares) at Mar. 31, 2025                                 42,280,021 454,712,290                  
Balance at Dec. 31, 2024 $ 9,587 $ 306 $ (60,892) $ (50,999) $ 45 $ (45) $ 50,999 $ (50,999) $ 9,587 $ 45 261 (60,892)         (50,999)
Balance (in Shares) at Dec. 31, 2024 35,230,021 1,000,000             (1,000,000) 454,712,290           35,230,021 454,712,290                  
Net loss               (58,225)                                       (58,887)
Balance at Jun. 30, 2025                                 $ 12,337 $ 45 (324) (119,779)         (107,721)
Balance (in Shares) at Jun. 30, 2025                                 42,280,021 454,712,290                  
Balance at Mar. 31, 2025                                 $ 12,337 $ 45 (592) (1,500) (78,888)         (68,598)
Balance (in Shares) at Mar. 31, 2025                                 42,280,021 454,712,290                  
Investor loan advances and deemed contributions                                 268         268
Subscription proceeds received                                 1,500         1,500
Net loss               $ (40,215)                 (40,891)         (40,891)
Balance at Jun. 30, 2025                                 $ 12,337 $ 45 (324) (119,779)         (107,721)
Balance (in Shares) at Jun. 30, 2025                                 42,280,021 454,712,290                  
Balance at Dec. 31, 2025                                 $ 26,262   $ 45 (2,374)   (678,807)   $ 6 $ (654,868) (654,868)
Balance (in Shares) at Dec. 31, 2025                                 59,671,021   454,712,290                  
Reverse recapitalization                                   (10,872)     (10,872) (10,872)
Reverse recapitalization (in Shares)                                   4,876,199                  
Noncontrolling interests resulting from the Business Combination                                 $ (13,925)       (13,925) 13,925
Noncontrolling interests resulting from the Business Combination (in Shares)                                 (17,391,000)                      
Share issuance upon conversion of convertible preferred units                                 $ (12,337)   $ 1 12,336    
Share issuance upon conversion of convertible preferred units (in Shares)                                 (42,280,021)   12,640,000                  
Share issuance upon settlement of the EM Share Obligations                                   $ 13 885,334     885,347 885,347
Share issuance upon settlement of the EM Share Obligations (in Shares)                                     118,046,178                  
Issuance of common stock for acquisitions                                   23,064     23,064 10 23,074
Issuance of common stock for acquisitions (in Shares)                                     3,075,185                  
Investor loan advances and deemed contributions                                   1,111     1,111 1,111
Reclass of CPU Share Allocation Obligations to equity                                       186,766 186,766 186,766
Foreign currency translation adjustment                                       (1,050) (1,050) (1,050)
Actuarial (loss) gain on defined severance benefits, net of tax                                       (18) (18) (18)
Net loss                                     (440,314)   (440,314) (440,314)
Balance at Mar. 31, 2026                                   $ 59 908,599   (1,119,121)   186,766 (1,062) (24,759) 13,935 (10,824)
Balance (in Shares) at Mar. 31, 2026                                   593,349,852                  
Balance at Dec. 31, 2025                                 $ 26,262   $ 45 (2,374)   (678,807)   6 (654,868) (654,868)
Balance (in Shares) at Dec. 31, 2025                                 59,671,021   454,712,290                  
Net loss                                                       (452,223)
Balance at Jun. 30, 2026                                   $ 62 1,113,050   (1,131,031)   (942) (18,862) 10 (18,852)
Balance (in Shares) at Jun. 30, 2026                                   621,790,646                  
Balance at Mar. 31, 2026                                   $ 59 908,599   (1,119,121)   186,766 (1,062) (24,759) 13,935 (10,824)
Balance (in Shares) at Mar. 31, 2026                                   593,349,852                  
Share issuance upon settlement of the EM Share Obligations                                   $ 2 186,763     (186,766) (1) (1)
Share issuance upon settlement of the EM Share Obligations (in Shares)                                     24,902,106                  
Foreign currency translation adjustment                                       (191) (191) (191)
Actuarial (loss) gain on defined severance benefits, net of tax                                       (23) (23) (23)
Share issuance upon conversion of convertible preferred units held by noncontrolling interest                                   $ 1 13,924     13,925 (13,925)
Share issuance upon conversion of convertible preferred units held by noncontrolling interest (in Shares)                                     2,898,499                  
Share issuance to advisors as consideration for services                                   3,445     3,445 3,445
Share issuance to advisors as consideration for services (in Shares)                                     640,189                  
Investor deemed contributions                                   318     318 318
Change in fair value of convertible debentures attributed to credit risk                                       334 334 334
Net loss                                     (11,910)   (11,910) (11,910)
Balance at Jun. 30, 2026                                   $ 62 $ 1,113,050   $ (1,131,031)   $ (942) $ (18,862) $ 10 $ (18,852)
Balance (in Shares) at Jun. 30, 2026                                   621,790,646