| Income Statement (Quarterly) | 2026-05-25 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenue | 4,724,000 | 2,362,000 | 2,362,000 | 681,000 |
| Cost of Revenue | 0 | 0 | 0 | 105,000 |
| Gross Profit | 4,724,000 | 2,362,000 | 2,362,000 | 576,000 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 10,335,000 | 5,167,500 | 5,167,500 | 21,069,000 |
| Operating Expenses | 59,313,000 | 29,656,500 | 29,656,500 | 61,392,000 |
| Operating Income | -54,589,000 | -27,294,500 | -27,294,500 | -60,711,000 |
| Interest Expense | 0 | 0 | 0 | 2,634,000 |
| Income Before Tax | -54,139,000 | -27,069,500 | -27,069,500 | -53,444,000 |
| Income Tax Expense | 0 | 0 | 0 | 0 |
| Net Income | -54,139,000 | -27,069,500 | -27,069,500 | -53,444,000 |
| Per Share | ||||
| EPS | -1.38 | -0.69 | -0.69 | -1.36 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Statement (Annual) | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Revenue | 848,000 | 354,000 | 389,000 |
| Cost of Revenue | 0 | 0 | 0 |
| Gross Profit | 848,000 | 354,000 | 389,000 |
| Operating Expenses | |||
| R&D Expenses | 0 | 0 | 0 |
| SG&A Expenses | 38,501,000 | 84,387,000 | 105,057,000 |
| Operating Expenses | 152,082,000 | 192,173,000 | 315,561,000 |
| Operating Income | -151,234,000 | -191,819,000 | -316,055,000 |
| Interest Expense | 4,700,000 | 578,000 | 11,514,000 |
| Income Before Tax | -139,282,000 | -190,401,000 | -302,122,000 |
| Income Tax Expense | 0 | 0 | 0 |
| Net Income | -139,282,000 | -190,401,000 | -302,122,000 |
| Per Share | |||
| EPS | -3.95 | -13.30 | -0.39 |
| EPS Diluted | 0.00 | 0.00 | 0.00 |
| Balance Sheet (Quarterly) | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Assets | |||
| Cash and Cash Equivalents | 140,155,000 | 155,969,000 | 150,804,000 |
| Short Term Investments | 0 | 452,000 | 0 |
| Net Receivables | 679,000 | 0 | 680,000 |
| Inventory | 0 | 0 | 0 |
| Total Current Assets | 154,543,000 | 173,904,000 | 166,663,000 |
| Property Plant Equipment | 1,254,000 | 431,000 | 43,000 |
| Goodwill and Intangibles | 0 | 0 | 0 |
| Total Assets | 155,796,000 | 174,335,000 | 166,706,000 |
| Liabilities | |||
| Account Payables | 12,924,000 | 18,605,000 | 29,634,000 |
| Short Term Debt | 884,000 | 418,000 | 0 |
| Total Current Liabilities | 32,277,000 | 46,859,000 | 77,933,000 |
| Long Term Debt | 818,000 | 0 | 275,000 |
| Total Liabilities | 33,095,000 | 46,859,000 | 78,208,000 |
| Shareholders Equity | |||
| Retained Earnings | 22,019,000 | -189,234,000 | 0 |
| Total Shareholders Equity | 122,701,000 | 127,476,000 | 88,498,000 |
| Balance Sheet (Annual) | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Assets | |||
| Cash and Cash Equivalents | 140,155,000 | 155,969,000 | 150,804,000 |
| Short Term Investments | 0 | 452,000 | 0 |
| Net Receivables | 679,000 | 0 | 680,000 |
| Inventory | 0 | 0 | 0 |
| Total Current Assets | 154,543,000 | 173,904,000 | 166,663,000 |
| Property Plant Equipment | 1,254,000 | 431,000 | 43,000 |
| Goodwill and Intangibles | 0 | 0 | 0 |
| Total Assets | 155,796,000 | 174,335,000 | 166,706,000 |
| Liabilities | |||
| Account Payables | 12,924,000 | 18,605,000 | 29,634,000 |
| Short Term Debt | 884,000 | 418,000 | 0 |
| Total Current Liabilities | 32,277,000 | 46,859,000 | 77,933,000 |
| Long Term Debt | 818,000 | 0 | 275,000 |
| Total Liabilities | 33,095,000 | 46,859,000 | 78,208,000 |
| Shareholders Equity | |||
| Retained Earnings | 22,019,000 | -189,234,000 | 0 |
| Total Shareholders Equity | 122,701,000 | 127,476,000 | 88,498,000 |
| Cash Flow Statement (Quarterly) | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | -139,282,000 | -190,401,000 | -302,122,000 |
| Depreciation & Amortization | 456,000 | 223,000 | 883,000 |
| Stock Based Compensation | 5,709,000 | 3,135,000 | 3,466,000 |
| Change in Working Capital | -11,636,000 | -33,389,000 | 10,179,000 |
| Operating Cash Flow | -153,242,000 | -225,101,000 | -285,282,000 |
| Investing Activities | |||
| Capital Expenditure | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| Investing Cash Flow | 3,688,000 | 3,055,000 | 299,000 |
| Financing Activities | |||
| Debt Repayment | -438,000 | 0 | -307,000 |
| Common Stock Issued/Repurchased | 138,874,000 | 262,048,000 | 3,211,000 |
| Dividends Paid | 0 | 0 | 0 |
| Financing Cash Flow | 129,610,000 | 224,884,000 | 2,904,000 |
| Summary | |||
| Free Cash Flow | -153,242,000 | -225,101,000 | -285,282,000 |
| Net Change in Cash | -16,266,000 | 5,618,000 | -285,842,000 |
| Cash Flow Statement (Annual) | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | -139,282,000 | -190,401,000 | -302,122,000 |
| Depreciation & Amortization | 456,000 | 223,000 | 883,000 |
| Stock Based Compensation | 5,709,000 | 3,135,000 | 3,466,000 |
| Change in Working Capital | -11,636,000 | -33,389,000 | 10,179,000 |
| Operating Cash Flow | -153,242,000 | -225,101,000 | -285,282,000 |
| Investing Activities | |||
| Capital Expenditure | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| Investing Cash Flow | 3,688,000 | 3,055,000 | 299,000 |
| Financing Activities | |||
| Debt Repayment | -438,000 | 0 | -307,000 |
| Common Stock Issued/Repurchased | 138,874,000 | 262,048,000 | 3,211,000 |
| Dividends Paid | 0 | 0 | 0 |
| Financing Cash Flow | 129,610,000 | 224,884,000 | 2,904,000 |
| Summary | |||
| Free Cash Flow | -153,242,000 | -225,101,000 | -285,282,000 |
| Net Change in Cash | -16,266,000 | 5,618,000 | -285,842,000 |