10-K Filing

Intuitive Machines, Inc. CIK: 1844452 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001844452-24-000036`
Period End Date	20231231
Filing Date	20240325
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	lunr-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 56 Cash Flow Statement 97 Stockholders Equity 11

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$836.00K	USD	Point-in-time
Temporary equity, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Temporary equity, authorized (in shares)	`TemporaryEquitySharesAuthorized`	25.00M	shares	Point-in-time
Temporary equity, issued (in shares)	`TemporaryEquitySharesIssued`	26,000.00	shares	Point-in-time
Temporary equity, outstanding (in shares)	`TemporaryEquitySharesOutstanding`	26,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.76M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$62.00K	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$62.00K	USD	Point-in-time
Trade accounts receivable, net of allowance for expected credit losses of $0 and $836, respectively	`AccountsReceivableNetCurrent`	$16.88M	USD	Point-in-time
Trade accounts receivable, net of allowance for expected credit losses of $0 and $836, respectively	`AccountsReceivableNetCurrent`	$1.30M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	1.25M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$6.98M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$6.49M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.88M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$40.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.35M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$21.18M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$4.83M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$35.85M	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	-	USD	Point-in-time
Finance lease right-of-use assets	`FinanceLeaseRightOfUseAsset`	$95.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$7.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Total assets	`Assets`	$85.91M	USD	Point-in-time
Total assets	`Assets`	$67.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$8.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$16.10M	USD	Point-in-time
Contract liabilities, current	`ContractWithCustomerLiabilityCurrent`	$45.51M	USD	Point-in-time
Contract liabilities, current	`ContractWithCustomerLiabilityCurrent`	$56.66M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$725.00K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$4.83M	USD	Point-in-time
Financing obligation, current (see Note 6 - Leases)	`FinanceLeaseLiabilityCurrent`	-	USD	Point-in-time
Financing obligation, current (see Note 6 - Leases)	`FinanceLeaseLiabilityCurrent`	$25.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.75M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$15.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$83.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$95.18M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$3.86M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Contract liabilities, non-current	`ContractWithCustomerLiabilityNoncurrent`	$2.19M	USD	Point-in-time
Contract liabilities, non-current	`ContractWithCustomerLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$5.08M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$30.55M	USD	Point-in-time
Finance lease liabilities, non-current	`FinanceLeaseLiabilityNoncurrent`	$67.00K	USD	Point-in-time
Finance lease liabilities, non-current	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Simple Agreements for Future Equity ("SAFE Agreements")	`SimpleAgreementsForFutureEquityLiability`	$18.31M	USD	Point-in-time
Simple Agreements for Future Equity ("SAFE Agreements")	`SimpleAgreementsForFutureEquityLiability`	$20.70M	USD	Point-in-time
Simple Agreements for Future Equity ("SAFE Agreements")	`SimpleAgreementsForFutureEquityLiability`	-	USD	Point-in-time
Earn-out liabilities	`BusinessCombinationContingentConsiderationLiability`	$14.03M	USD	Point-in-time
Earn-out liabilities	`BusinessCombinationContingentConsiderationLiability`	-	USD	Point-in-time
Earn-out liabilities	`BusinessCombinationContingentConsiderationLiability`	$99.70M	USD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	-	USD	Point-in-time
Warrant liabilities	`WarrantsAndRightsOutstanding`	$11.29M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$124.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$139.33M	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A preferred stock subject to possible redemption, $0.0001 par value, 25,000,000 shares authorized, 26,000 shares issued and outstanding at December 31, 2023	`TemporaryEquityCarryingAmountAttributableToParent`	$28.20M	USD	Point-in-time
Series A preferred stock subject to possible redemption, $0.0001 par value, 25,000,000 shares authorized, 26,000 shares issued and outstanding at December 31, 2023	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	-	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$181.66M	USD	Point-in-time
Common units	`CommonUnitsValueIssued`	-	USD	Point-in-time
Common units	`CommonUnitsValueIssued`	$-1.00K	USD	Point-in-time
Treasury stock, at cost, 1,250,000 shares at December 31, 2023	`TreasuryStockCommonValue`	$12.82M	USD	Point-in-time
Treasury stock, at cost, 1,250,000 shares at December 31, 2023	`TreasuryStockCommonValue`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$14.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-250.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-72.59M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-51.84M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-263.28M	USD	Point-in-time
Total shareholders deficit	`StockholdersEquity`	$-57.62M	USD	Point-in-time
Total liabilities, mezzanine equity and shareholders deficit	`LiabilitiesAndStockholdersEquity`	$85.91M	USD	Point-in-time
Total liabilities, mezzanine equity and shareholders deficit	`LiabilitiesAndStockholdersEquity`	$67.00M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$85.95M	USD	Annual
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$79.52M	USD	Annual
Cost of revenue (excluding depreciation)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$75.51M	USD	Annual
Cost of revenue (excluding depreciation)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$100.47M	USD	Annual
Depreciation	`Depreciation`	$1.38M	USD	Annual
Depreciation	`Depreciation`	$1.07M	USD	Annual
Impairment of property and equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	$964.00K	USD	Annual
Impairment of property and equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
General and administrative expense (excluding depreciation)	`GeneralAndAdministrativeExpense`	$32.95M	USD	Annual
General and administrative expense (excluding depreciation)	`GeneralAndAdministrativeExpense`	$14.87M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$91.45M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$135.76M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-5.51M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-56.24M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-823.00K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-836.00K	USD	Annual
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-66.25M	USD	Annual
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-15.44M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	Annual
Change in fair value of SAFE Agreements	`ChangeInFairValueOfSAFEAgreement`	$2.35M	USD	Annual
Change in fair value of SAFE Agreements	`ChangeInFairValueOfSAFEAgreement`	$91.00K	USD	Annual
Loss on issuance of securities	`GainLossOnIssuanceOfCommonStockAndWarrants`	$-6.73M	USD	Annual
Loss on issuance of securities	`GainLossOnIssuanceOfCommonStockAndWarrants`	-	USD	Annual
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-483.00K	USD	Annual
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$6.00K	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$-921.00K	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$71.30M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.06M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.43M	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$40.00K	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-23.00K	USD	Annual
Net income (loss)	`ProfitLoss`	$15.02M	USD	Annual
Net income (loss)	`ProfitLoss`	$-6.41M	USD	Annual
Net loss attributable to Intuitive Machines, LLC prior to the Business Combination	`NetIncomeLossAttributableToParentPreBusinessCombination`	$-6.41M	USD	Annual
Net loss attributable to Intuitive Machines, LLC prior to the Business Combination	`NetIncomeLossAttributableToParentPreBusinessCombination`	$-5.75M	USD	Annual
Net income for the period February 13, 2023 through December 31, 2023	`NetIncomeLossAttributableToNoncontrollingInterestPostBusinessCombination`	$20.77M	USD	Annual
Net income for the period February 13, 2023 through December 31, 2023	`NetIncomeLossAttributableToNoncontrollingInterestPostBusinessCombination`	-	USD	Annual
Net loss attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net loss attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-42.03M	USD	Annual
Net income attributable to the Company	`NetIncomeLossAttributableToParentPostBusinessCombination`	-	USD	Annual
Net income attributable to the Company	`NetIncomeLossAttributableToParentPostBusinessCombination`	$62.80M	USD	Annual
Less: Cumulative preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$2.34M	USD	Annual
Less: Cumulative preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	Annual
Net income attributable to Class A common shareholders - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	-	USD	Annual
Net income attributable to Class A common shareholders - basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$60.46M	USD	Annual
Net income attributable to Class A common shareholders - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	-	USD	Annual
Net income attributable to Class A common shareholders - diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$60.46M	USD	Annual
Net income per Class A common share - basic (in dollars per share)	`EarningsPerShareBasic`	$3.43	USD	Annual
Net income per Class A common share - basic (in dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Net income per Class A common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	-	USD	Annual
Net income per Class A common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.46	USD	Annual
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.65M	shares	Annual
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	-	shares	Annual
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	Annual
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.56M	shares	Annual

Cash Flow Statement 97 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$15.02M	USD	Annual
Net income (loss)	`ProfitLoss`	$-6.41M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$1.07M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$1.38M	USD	Annual
Bad debt (recoveries) expense	`ProvisionForDoubtfulAccounts`	$836.00K	USD	Annual
Bad debt (recoveries) expense	`ProvisionForDoubtfulAccounts`	$-836.00K	USD	Annual
Impairment of property and equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	$964.00K	USD	Annual
Impairment of property and equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-6.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$4.27M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$624.00K	USD	Annual
Change in fair value of SAFE Agreements	`ChangeInFairValueOfSAFEAgreement`	$2.35M	USD	Annual
Change in fair value of SAFE Agreements	`ChangeInFairValueOfSAFEAgreement`	$91.00K	USD	Annual
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-66.25M	USD	Annual
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-15.44M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	Annual
Loss on issuance of securities	`GainLossOnIssuanceOfCommonStockAndWarrants`	$-6.73M	USD	Annual
Loss on issuance of securities	`GainLossOnIssuanceOfCommonStockAndWarrants`	-	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$7.00K	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-7.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-13.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-43.00K	USD	Annual
Trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.25M	USD	Annual
Trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$14.74M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$5.13M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-490.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.44M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$5.70M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$3.00M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-1.17M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.42M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.09M	USD	Annual
Accounts payable affiliated companies	`IncreaseDecreaseInDueToAffiliates`	$225.00K	USD	Annual
Accounts payable affiliated companies	`IncreaseDecreaseInDueToAffiliates`	$3.05M	USD	Annual
Contract liabilities current and long-term	`IncreaseDecreaseInContractWithCustomerLiability`	$-13.33M	USD	Annual
Contract liabilities current and long-term	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.32M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$14.80M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$17.19M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.28M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$784.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.41M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.91M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.91M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.41M	USD	Annual
Proceeds from Business Combination	`ProceedsFromBusinessCombination`	-	USD	Annual
Proceeds from Business Combination	`ProceedsFromBusinessCombination`	$8.05M	USD	Annual
Proceeds from issuance of Series A Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Proceeds from issuance of Series A Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$26.00M	USD	Annual
Transaction costs	`PaymentsOfMergerRelatedCostsFinancingActivities`	-	USD	Annual
Transaction costs	`PaymentsOfMergerRelatedCostsFinancingActivities`	$9.37M	USD	Annual
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	-	USD	Annual
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$7.95M	USD	Annual
Repayment of loans	`RepaymentsOfDebt`	$108.00K	USD	Annual
Repayment of loans	`RepaymentsOfDebt`	$12.00M	USD	Annual
Proceeds from issuance of securities	`ProceedsFromIssuanceOfCommonStock`	$6.00K	USD	Annual
Proceeds from issuance of securities	`ProceedsFromIssuanceOfCommonStock`	$20.00M	USD	Annual
Member distributions	`PaymentsOfDividends`	-	USD	Annual
Member distributions	`PaymentsOfDividends`	$7.95M	USD	Annual
Net costs of stock option exercises	`ProceedsFromIssuanceOfCommonUnits`	-	USD	Annual
Net costs of stock option exercises	`ProceedsFromIssuanceOfCommonUnits`	$-348.00K	USD	Annual
Forward purchase agreement termination	`ProceedsFromDerivativeInstrumentFinancingActivities`	$12.73M	USD	Annual
Forward purchase agreement termination	`ProceedsFromDerivativeInstrumentFinancingActivities`	-	USD	Annual
Warrants exercised	`ProceedsFromWarrantExercises`	$16.12M	USD	Annual
Warrants exercised	`ProceedsFromWarrantExercises`	-	USD	Annual
Investment from non-controlling interests	`ProceedsFromPaymentsToMinorityShareholders`	-	USD	Annual
Investment from non-controlling interests	`ProceedsFromPaymentsToMinorityShareholders`	$686.00K	USD	Annual
SAFE Agreements	`ProceedsFromSAFEAgreements`	-	USD	Annual
SAFE Agreements	`ProceedsFromSAFEAgreements`	$-4.25M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$53.92M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.10M	USD	Annual
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-21.27M	USD	Annual
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.52M	USD	Annual
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.56M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.83M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.56M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.83M	USD	Point-in-time
Less: restricted cash	`RestrictedCash`	$62.00K	USD	Point-in-time
Less: restricted cash	`RestrictedCash`	$62.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.76M	USD	Point-in-time
Cash paid for interest, net	`InterestPaidNet`	$1.01M	USD	Annual
Cash paid for interest, net	`InterestPaidNet`	$1.92M	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	$35.00K	USD	Annual
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	Annual
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$38.00K	USD	Annual
Transaction costs	`BusinessAcquisitionCostOfAcquiredEntityTransactionCosts`	$15.07M	USD	Point-in-time
Transaction costs	`BusinessAcquisitionCostOfAcquiredEntityTransactionCosts`	-	USD	Point-in-time
SAFE Agreements	`ConversionOfSimpleAgreementsForFutureEquityIntoCommonStock`	-	USD	Annual
SAFE Agreements	`ConversionOfSimpleAgreementsForFutureEquityIntoCommonStock`	$20.67M	USD	Annual
Class A Common Stock related to CEF (Note 3)	`StockIssuedDuringPeriodValueNewIssues`	$22.00K	USD	Point-in-time
Preferred dividends	`DividendsPreferredStock`	$2.34M	USD	Annual
Preferred dividends	`DividendsPreferredStock`	-	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Temporary equity, beginning balance (shares)	`TemporaryEquitySharesOutstanding`	26,000.00	shares	Point-in-time
Temporary equity, beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	-	USD	Point-in-time
Temporary equity, beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$181.66M	USD	Point-in-time
Accretion of preferred stock discount	`PreferredStockAccretionOfRedemptionDiscount`	$31.00K	USD	Annual
Establishment of redeemable noncontrolling interest	`NoncontrollingInterestIncreaseFromEstablishment`	$-85.86M	USD	Annual
Subsequent remeasurement of redeemable noncontrolling interests	`NoncontrollingInterestTemporaryEquityRemeasurement`	$309.56M	USD	Annual
Net loss attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Net loss attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-42.03M	USD	Annual
Temporary equity, ending balance (shares)	`TemporaryEquitySharesOutstanding`	26,000.00	shares	Point-in-time
Temporary equity, ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	-	USD	Point-in-time
Temporary equity, ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$181.66M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.