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201600 362100 3528200 0 1120300 0 70125500 19809400 0.000001 0.000001 120000000 120000000 100000000 100000000 100000000 100000000 100 100 -66762000 -8572800 -66761900 -8572700 3363600 11236700 4131100 1470500 164900 54500 3966200 1416000 9715700 13633100 1279600 625900 8878700 10345600 59600 58700 -15967400 -23247300 39429100 2038700 2791600 -75809900 -58188100 50523900 1100 200 -58189200 50523700 100 -8572800 -8572700 0 -58189200 -58189200 100 -66762000 -66761900 100 -59096500 -59096400 0 50523700 50523700 100 -8572800 -8572700 -58189200 50523700 39429100 2038700 2791600 -75809900 60400 59100 153800 86800 1600 -105200 0 72100 -426900 507800 4413100 0 -149600 -82500 1332000 -542700 -9733500 -24201500 2200 84500 -2200 -84500 3500000 15360000 1000000 0 2500000 15360000 -7235700 -8926000 9808400 18734400 2572700 9808400 0 0 0 0 0 593900 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 1 - DESCRIPTION OF BUSINESS </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The accompanying consolidated financial statements include the historical accounts of Trump Media &amp; Technology Group Corp. (“TMTG”), which changed its name from Trump Media Group Corp. in October 2021. The mission of TMTG is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Basis of Presentation </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Reclassifications </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Reclassifications of certain prior period amounts have been made to conform to the current period presentation. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liquidity and going concern </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">TMTG commenced operations on February 8, 2021, and began the initial launch of its social media platform in the first quarter of 2022. The business used cash from operations of $37,732.0 from February 8, 2021 (inception) through December 31, 2023 funded by $40,460.0 of proceeds from the issuance of convertible promissory notes (net of repayments). In October of 2021, TMTG entered into a definitive merger agreement with DWAC, a special purpose acquisition corporation and a Delaware corporation. The companies consummated the merger on March 25, 2024. The March 25, 2024 Closing triggered the automatic conversion of the “Pre-Merger Notes” to common stock immediately prior to such closing, thus eliminating the liability. Concurrently, TMTG received $273,017.5 of net cash proceeds from the Business Combination, comprised of $233,017.5 of cash and $40,000.0 of restricted cash. The Company believes it has sufficient working capital to fund operations for at least the next twelve months from the date of issuance of these consolidated financial statements. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Use of Estimates </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates and assumptions reflected in the consolidated financial statements relate to and include, but are not limited to, the valuation of convertible promissory notes and derivative liabilities. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Principles of Consolidation </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries and have been prepared in accordance with U.S. GAAP. All intercompany transactions have been eliminated. In October 2021, the Company acquired 100% of the ownership in T Media Tech LLC for a nominal value. The results of T Media Tech LLC since October 13, 2021 are included in the Company’s Consolidated Statement of Operations. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Cash and cash equivalents </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Cash and cash equivalents represents bank accounts and demand deposits held at financial institutions. Cash is held at major financial institutions and are subject to credit risk to the extent those balances exceed applicable Federal Deposit Insurance Corporation (FDIC) limitations. No losses have been incurred for those balances exceeding the limitations. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Prepaid expenses and other current assets </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">These assets consist of prepaid rent, insurance and prepaid data costs. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 16.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and Equipment, net </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment are recorded at cost less accumulated depreciation. Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets. Useful lives for property and equipment are as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 87.18%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Asset Type</span></div> </td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Range </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Furniture and office equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">2 - 5 years </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Computer equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">3 years</span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Expenditures which substantially increase the value or extend the useful lives are capitalized. Expenditures for maintenance and repairs are charged to operations as incurred. Gains and losses are recorded on the disposition or retirement of property and equipment based on the net book value and any proceeds received. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Long-lived fixed assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. Circumstances such as the discontinuation of a line of service, a sudden or consistent decline in the sales forecast for a product, changes in technology or in the way an asset is being used, a history of operating or cash flow losses or an adverse change in legal factors or in TMTG climate, among others, may trigger an impairment review. If such indicators are present, TMTG performs an undiscounted cash flow analyses to determine if impairment exists. The asset value would be deemed impaired if the undiscounted cash flows generated did not exceed the carrying value of the asset. If impairment is determined to exist, any related impairment loss is calculated based on fair value. There were no material triggering events identified that necessitated an impairment test over property and equipment. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. See Note 3 – Property and equipment for further detail. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Software Development Cost </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">We expense software development costs, including costs to develop software products or the software component products to be sold, leased, or marketed to external users, before technological feasibility is reached. Technological feasibility typically is reached shortly before the release of such products. As a result, development costs that meet the criteria for capitalization were not material for the periods presented. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Software development costs also includes costs to develop software to be used solely to meet internal needs and cloud-based applications used to deliver our services. We capitalize development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. Costs capitalized for developing such software applications were not material for the periods presented. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 17pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Revenue Recognition </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company records revenue in accordance with ASC 606. The Company determines the amount of revenue to be recognized through application of the following steps- Identification of the contract, or contracts with a customer; - Identification of the performance obligations in the contract; - Determination of the transaction price; - Allocation of the transaction price to the performance obligations in the contract; and - Recognition of revenue when or as the Company satisfies the performance obligations. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company entered into advertising contractual arrangements with advertising manager service companies. The advertising manager service companies provide advertising services through their Ad Manager Service Platform on the Truth Social website to customers. The Company determines the number of Ad Units available on its Truth Social website. The advertising manager service companies have sole discretion over the terms of the auction and all payments and actions associated therewith. Prices for the Ad Units are set by an auction operated and managed by these companies. The Company has the right to block specific advertisers at its sole reasonable discretion, consistent with applicable laws, rules, regulations, statutes, and ordinances. Revenue is </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">recognized in the period in which the performance obligations are satisfied, which is typically when advertisements are imprinted on our Truth Social website The Company is an agent in these arrangements, and recognizes revenue for its share of the transaction price in exchange for arranging for the specified advertising to be provided by the advertising manager service companies on a net basis. The advertising revenues are recognized in the period when the advertising services are provided. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Revenue is recognized net of applicable transactional-based taxes collected from customers. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">One customer accounted for 88.5% and 77.0% of revenue for the year ended December 31, 2023 and 2022, respectively. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Unearned revenue </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Unearned revenue primarily consists of billings or payments received from customers in advance of revenue recognized for the services provided to our customers and is recognized as services are performed. We generally invoice customers in advance or in milestone-based installments. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The increase in the unearned revenue balance is primarily driven by payments received in advance of satisfying our performance obligation, offset by $386.9 of revenue recognized in 2023. None of the revenue recognized in 2023 was included in the unearned revenue balances as of December 31, 2022. Unearned revenue of $4,413.1 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are expected to be satisfied as of December 31, 2023. All remaining performance obligations are expected to be recognized during the succeeding 12-month period and is therefore presented as current. One customer accounted for 100.0% and 0.0% of unearned revenue for the years ended December 31, 2023 and December 31, 2022, respectively. The accounts receivable balance of this customer represented 0.0% and 45.0% of the accounts receivable balances for December 31, 2023 and December 31, 2022, respectively. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Cost of revenue </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Cost of revenue primarily encompasses expenses associated with generating advertising revenue. These costs are determined by allocating staff direct and indirect costs proportionately, including depreciation, based on the time spent managing the agency relationships with external vendors. These costs are confined to activities related to coordinating with these third-party vendors as the third-party vendors are responsible to control and facilitate the delivery of advertising services. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Research and development </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Research and development expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation, for our engineers and other employees engaged in the research and development of our products and services. In addition, research and development expenses include, allocated facilities costs, and other supporting overhead costs. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Marketing and sales </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Sales and marketing expenses consist primarily of personnel-related costs, including salaries, commissions, benefits and stock-based compensation for our employees engaged in sales, sales support, business development and media, marketing, and customer service functions. In addition, marketing and sales-related expenses also include advertising costs, market research, trade shows, branding, marketing, public relations costs, allocated facilities costs, and other supporting overhead costs. We expense marketing and sales costs in the period in which they are incurred. For the years ended December 31, 2023 and 2022, marketing and sales expenses totaled $1,279.6 and $625.9, respectively. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Selling, general and administrative expenses </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">General and administrative expenses consist primarily of personnel-related costs, including salaries, benefits, and stock-based compensation for our executive, finance, legal, information technology, corporate communications, human resources, and other administrative employees. In addition, general and administrative expenses include fees and costs for professional services (including third-party consulting, legal, and accounting services), facilities costs, and other supporting overhead costs that are not allocated to other departments. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Income taxes </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income/loss in the period that includes the enactment date. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Income tax amounts are therefore recognized for all situations where the likelihood of realization is greater than 50%. Changes in recognition or measurement are reflected in income tax expense in the period in which the change in judgment occurs. Accrued interest expense and penalties related to uncertain tax positions are recorded in Income Tax Expense. See Note 5 - Income Taxes. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 14pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Debt Issuance Costs </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">We capitalize issuance costs, underwriting fees and related expenses incurred in connection with the issuance of debt instruments and amortize such costs using the effective interest method over the terms of the respective instruments. Debt issuance costs are reflected as a direct reduction of the carrying amount of the related debt liability. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivatives </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, “Derivatives and Hedging”. Derivative instruments are initially recorded at fair value on the grant date and re-valued at each reporting date, with changes in the fair value reported in the statements of operations. Derivative assets and liabilities are classified in the balance sheets as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Commitments and contingencies </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities for loss contingencies arising from claims, assessments, litigation, fines, and penalties and other sources and are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. The Company has no liabilities for loss contingencies as of December 31, 2023 and 2022. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Recently issued accounting standards </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In February 2016, the FASB issued Accounting Standards Update No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), which requires lessees to record most leases on their balance sheets but recognize the expenses on their statements of operations in a manner similar to current accounting rules. ASU 2016-02 states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The new standard was effective for interim and annual periods beginning after December 15, 2021 (i.e. calendar periods beginning on January 1, 2022) on a modified retrospective basis. All of the Company’s leases are operating leases. </span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">See Note 4, “Leases.”</span></span><span style="-sec-ix-redline:true;"> All leases other than those disclosed as Right-to-Use leases are short term in nature with a term less than 12 months. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In December 2023, the FASB issued Accounting Standards Update, or ASU, 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” or ASU 2023-09. ASU 2023-09 requires additional disaggregated disclosures on an entity’s effective tax rate reconciliation and additional details on income taxes paid. ASU 2023-09 is effective on a prospective basis, with the option for retrospective application, for annual periods beginning after December 15, 2024 and early adoption is permitted. We do not expect the adoption of ASU 2023-09 to have a material impact on our consolidated financial statements. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” or ASU 2023-07. ASU 2023-07 enhances the disclosures required for reportable segments on an annual and interim basis. ASU 2023-07 is effective on a retrospective basis for annual periods beginning after December 15, 2023, for interim periods within fiscal years beginning after December 15, 2024, and early adoption is permitted. We do not expect the adoption of ASU 2023-07 to have a material impact on our consolidated financial statements. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In August 2020, the FASB issued ASU 2020-06</span><span style="font-weight: bold;"><span style="-sec-ix-redline:true;">, “</span></span><span style="-sec-ix-redline:true;">Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”</span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">.</span></span><span style="-sec-ix-redline:true;"> ASU 2020-06 reduces the number of accounting models for convertible debt instruments and convertible preferred stock. For convertible instruments with conversion features that are not required to be accounted for as derivatives under Topic 815, </span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">Derivatives and Hedging</span></span><span style="-sec-ix-redline:true;">, or that do not result in substantial premiums accounted for as paid-in capital, the embedded conversion features no longer are separated from the host contract. ASU 2020-06 also removes certain conditions that should be considered in the derivatives scope exception evaluation under Subtopic 815-40, </span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">Derivatives and Hedging—Contracts in Entity’s </span><span style="-sec-ix-redline:true;">Own Equity</span></span><span style="-sec-ix-redline:true;">, and clarify the scope and certain requirements under Subtopic 815-40. In addition, ASU 2020-06 improves the guidance related to the disclosures and earnings-per-share (EPS) for convertible instruments and contracts in an entity’s own equity. ASU 2020-06 is effective for public smaller reporting companies for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Board specified that an entity should adopt the guidance as of the beginning of its annual fiscal year. The Company has adopted ASU 2020-06 effective as of January 1, 2024. The adoption of ASU 2020-06 did not have a material effect on the Company’s consolidated financial statements. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Basis of Presentation </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liquidity and going concern </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">TMTG commenced operations on February 8, 2021, and began the initial launch of its social media platform in the first quarter of 2022. The business used cash from operations of $37,732.0 from February 8, 2021 (inception) through December 31, 2023 funded by $40,460.0 of proceeds from the issuance of convertible promissory notes (net of repayments). In October of 2021, TMTG entered into a definitive merger agreement with DWAC, a special purpose acquisition corporation and a Delaware corporation. The companies consummated the merger on March 25, 2024. The March 25, 2024 Closing triggered the automatic conversion of the “Pre-Merger Notes” to common stock immediately prior to such closing, thus eliminating the liability. Concurrently, TMTG received $273,017.5 of net cash proceeds from the Business Combination, comprised of $233,017.5 of cash and $40,000.0 of restricted cash. The Company believes it has sufficient working capital to fund operations for at least the next twelve months from the date of issuance of these consolidated financial statements. </span></div> 37732000 40460000 273017500 233017500 40000000 <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Use of Estimates </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates and assumptions reflected in the consolidated financial statements relate to and include, but are not limited to, the valuation of convertible promissory notes and derivative liabilities. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Principles of Consolidation </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries and have been prepared in accordance with U.S. GAAP. All intercompany transactions have been eliminated. In October 2021, the Company acquired 100% of the ownership in T Media Tech LLC for a nominal value. The results of T Media Tech LLC since October 13, 2021 are included in the Company’s Consolidated Statement of Operations. </span></div> 1 <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Cash and cash equivalents </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Cash and cash equivalents represents bank accounts and demand deposits held at financial institutions. Cash is held at major financial institutions and are subject to credit risk to the extent those balances exceed applicable Federal Deposit Insurance Corporation (FDIC) limitations. No losses have been incurred for those balances exceeding the limitations. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Prepaid expenses and other current assets </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">These assets consist of prepaid rent, insurance and prepaid data costs. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 16.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and Equipment, net </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment are recorded at cost less accumulated depreciation. Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets. Useful lives for property and equipment are as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 87.18%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Asset Type</span></div> </td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Range </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Furniture and office equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">2 - 5 years </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Computer equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">3 years</span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Expenditures which substantially increase the value or extend the useful lives are capitalized. Expenditures for maintenance and repairs are charged to operations as incurred. Gains and losses are recorded on the disposition or retirement of property and equipment based on the net book value and any proceeds received. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Long-lived fixed assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. Circumstances such as the discontinuation of a line of service, a sudden or consistent decline in the sales forecast for a product, changes in technology or in the way an asset is being used, a history of operating or cash flow losses or an adverse change in legal factors or in TMTG climate, among others, may trigger an impairment review. If such indicators are present, TMTG performs an undiscounted cash flow analyses to determine if impairment exists. The asset value would be deemed impaired if the undiscounted cash flows generated did not exceed the carrying value of the asset. If impairment is determined to exist, any related impairment loss is calculated based on fair value. There were no material triggering events identified that necessitated an impairment test over property and equipment. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. See Note 3 – Property and equipment for further detail. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment are recorded at cost less accumulated depreciation. Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets. Useful lives for property and equipment are as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 87.18%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Asset Type</span></div> </td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Range </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Furniture and office equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">2 - 5 years </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Computer equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">3 years</span></div> </td> </tr> </table> P2Y P5Y P3Y <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Software Development Cost </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">We expense software development costs, including costs to develop software products or the software component products to be sold, leased, or marketed to external users, before technological feasibility is reached. Technological feasibility typically is reached shortly before the release of such products. As a result, development costs that meet the criteria for capitalization were not material for the periods presented. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Software development costs also includes costs to develop software to be used solely to meet internal needs and cloud-based applications used to deliver our services. We capitalize development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. Costs capitalized for developing such software applications were not material for the periods presented. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 17pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Revenue Recognition </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company records revenue in accordance with ASC 606. The Company determines the amount of revenue to be recognized through application of the following steps- Identification of the contract, or contracts with a customer; - Identification of the performance obligations in the contract; - Determination of the transaction price; - Allocation of the transaction price to the performance obligations in the contract; and - Recognition of revenue when or as the Company satisfies the performance obligations. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company entered into advertising contractual arrangements with advertising manager service companies. The advertising manager service companies provide advertising services through their Ad Manager Service Platform on the Truth Social website to customers. The Company determines the number of Ad Units available on its Truth Social website. The advertising manager service companies have sole discretion over the terms of the auction and all payments and actions associated therewith. Prices for the Ad Units are set by an auction operated and managed by these companies. The Company has the right to block specific advertisers at its sole reasonable discretion, consistent with applicable laws, rules, regulations, statutes, and ordinances. Revenue is </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">recognized in the period in which the performance obligations are satisfied, which is typically when advertisements are imprinted on our Truth Social website The Company is an agent in these arrangements, and recognizes revenue for its share of the transaction price in exchange for arranging for the specified advertising to be provided by the advertising manager service companies on a net basis. The advertising revenues are recognized in the period when the advertising services are provided. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Revenue is recognized net of applicable transactional-based taxes collected from customers. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">One customer accounted for 88.5% and 77.0% of revenue for the year ended December 31, 2023 and 2022, respectively. </span></div> 1 0.885 0.77 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Unearned revenue </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Unearned revenue primarily consists of billings or payments received from customers in advance of revenue recognized for the services provided to our customers and is recognized as services are performed. We generally invoice customers in advance or in milestone-based installments. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The increase in the unearned revenue balance is primarily driven by payments received in advance of satisfying our performance obligation, offset by $386.9 of revenue recognized in 2023. None of the revenue recognized in 2023 was included in the unearned revenue balances as of December 31, 2022. Unearned revenue of $4,413.1 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are expected to be satisfied as of December 31, 2023. All remaining performance obligations are expected to be recognized during the succeeding 12-month period and is therefore presented as current. One customer accounted for 100.0% and 0.0% of unearned revenue for the years ended December 31, 2023 and December 31, 2022, respectively. The accounts receivable balance of this customer represented 0.0% and 45.0% of the accounts receivable balances for December 31, 2023 and December 31, 2022, respectively. </span></div> 386900 4413100 P12M 1 0 0 0.45 <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Cost of revenue </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Cost of revenue primarily encompasses expenses associated with generating advertising revenue. These costs are determined by allocating staff direct and indirect costs proportionately, including depreciation, based on the time spent managing the agency relationships with external vendors. These costs are confined to activities related to coordinating with these third-party vendors as the third-party vendors are responsible to control and facilitate the delivery of advertising services. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Research and development </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Research and development expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation, for our engineers and other employees engaged in the research and development of our products and services. In addition, research and development expenses include, allocated facilities costs, and other supporting overhead costs. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Marketing and sales </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Sales and marketing expenses consist primarily of personnel-related costs, including salaries, commissions, benefits and stock-based compensation for our employees engaged in sales, sales support, business development and media, marketing, and customer service functions. In addition, marketing and sales-related expenses also include advertising costs, market research, trade shows, branding, marketing, public relations costs, allocated facilities costs, and other supporting overhead costs. We expense marketing and sales costs in the period in which they are incurred. For the years ended December 31, 2023 and 2022, marketing and sales expenses totaled $1,279.6 and $625.9, respectively. </span></div> 1279600 625900 <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Selling, general and administrative expenses </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">General and administrative expenses consist primarily of personnel-related costs, including salaries, benefits, and stock-based compensation for our executive, finance, legal, information technology, corporate communications, human resources, and other administrative employees. In addition, general and administrative expenses include fees and costs for professional services (including third-party consulting, legal, and accounting services), facilities costs, and other supporting overhead costs that are not allocated to other departments. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Income taxes </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income/loss in the period that includes the enactment date. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Income tax amounts are therefore recognized for all situations where the likelihood of realization is greater than 50%. Changes in recognition or measurement are reflected in income tax expense in the period in which the change in judgment occurs. Accrued interest expense and penalties related to uncertain tax positions are recorded in Income Tax Expense. See Note 5 - Income Taxes. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 14pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Debt Issuance Costs </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">We capitalize issuance costs, underwriting fees and related expenses incurred in connection with the issuance of debt instruments and amortize such costs using the effective interest method over the terms of the respective instruments. Debt issuance costs are reflected as a direct reduction of the carrying amount of the related debt liability. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivatives </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, “Derivatives and Hedging”. Derivative instruments are initially recorded at fair value on the grant date and re-valued at each reporting date, with changes in the fair value reported in the statements of operations. Derivative assets and liabilities are classified in the balance sheets as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Commitments and contingencies </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities for loss contingencies arising from claims, assessments, litigation, fines, and penalties and other sources and are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. The Company has no liabilities for loss contingencies as of December 31, 2023 and 2022. </span></div> 0 0 <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Recently issued accounting standards </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In February 2016, the FASB issued Accounting Standards Update No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), which requires lessees to record most leases on their balance sheets but recognize the expenses on their statements of operations in a manner similar to current accounting rules. ASU 2016-02 states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The new standard was effective for interim and annual periods beginning after December 15, 2021 (i.e. calendar periods beginning on January 1, 2022) on a modified retrospective basis. All of the Company’s leases are operating leases. </span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">See Note 4, “Leases.”</span></span><span style="-sec-ix-redline:true;"> All leases other than those disclosed as Right-to-Use leases are short term in nature with a term less than 12 months. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In December 2023, the FASB issued Accounting Standards Update, or ASU, 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” or ASU 2023-09. ASU 2023-09 requires additional disaggregated disclosures on an entity’s effective tax rate reconciliation and additional details on income taxes paid. ASU 2023-09 is effective on a prospective basis, with the option for retrospective application, for annual periods beginning after December 15, 2024 and early adoption is permitted. We do not expect the adoption of ASU 2023-09 to have a material impact on our consolidated financial statements. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” or ASU 2023-07. ASU 2023-07 enhances the disclosures required for reportable segments on an annual and interim basis. ASU 2023-07 is effective on a retrospective basis for annual periods beginning after December 15, 2023, for interim periods within fiscal years beginning after December 15, 2024, and early adoption is permitted. We do not expect the adoption of ASU 2023-07 to have a material impact on our consolidated financial statements. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In August 2020, the FASB issued ASU 2020-06</span><span style="font-weight: bold;"><span style="-sec-ix-redline:true;">, “</span></span><span style="-sec-ix-redline:true;">Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”</span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">.</span></span><span style="-sec-ix-redline:true;"> ASU 2020-06 reduces the number of accounting models for convertible debt instruments and convertible preferred stock. For convertible instruments with conversion features that are not required to be accounted for as derivatives under Topic 815, </span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">Derivatives and Hedging</span></span><span style="-sec-ix-redline:true;">, or that do not result in substantial premiums accounted for as paid-in capital, the embedded conversion features no longer are separated from the host contract. ASU 2020-06 also removes certain conditions that should be considered in the derivatives scope exception evaluation under Subtopic 815-40, </span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">Derivatives and Hedging—Contracts in Entity’s </span><span style="-sec-ix-redline:true;">Own Equity</span></span><span style="-sec-ix-redline:true;">, and clarify the scope and certain requirements under Subtopic 815-40. In addition, ASU 2020-06 improves the guidance related to the disclosures and earnings-per-share (EPS) for convertible instruments and contracts in an entity’s own equity. ASU 2020-06 is effective for public smaller reporting companies for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Board specified that an entity should adopt the guidance as of the beginning of its annual fiscal year. The Company has adopted ASU 2020-06 effective as of January 1, 2024. The adoption of ASU 2020-06 did not have a material effect on the Company’s consolidated financial statements. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 3 - PROPERTY AND EQUIPMENT </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment consist of the following: </span></div> <table cellpadding="0" cellspacing="0" class="fintab" style="margin-top: 4pt; border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Furniture and equipment</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">34.5</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.35pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 4.63pt;"><span style="-sec-ix-redline:true;">34.5 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Computer equipment</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">120.8</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.35pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">118.6 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Accumulated depreciation</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">(126.1)</span></span><span style="min-width: 30.83pt;"><span style="-sec-ix-redline:true;"></span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.35pt; text-align: left;"><span style="padding-left: 6.3pt; border-bottom: 1pt solid #000000; min-width: 27.13pt;"><span style="-sec-ix-redline:true;">(65.7)</span></span><span style="min-width: 27.13pt;"><span style="-sec-ix-redline:true;"> </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment, net</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">29.2</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.35pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.13pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 4.63pt; border-bottom: 3pt double #000000; min-width: 27.13pt;"><span style="-sec-ix-redline:true;">87.4</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment consist of the following: </span></div> <table cellpadding="0" cellspacing="0" class="fintab" style="margin-top: 4pt; border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Furniture and equipment</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">34.5</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.35pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 4.63pt;"><span style="-sec-ix-redline:true;">34.5 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Computer equipment</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">120.8</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.35pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">118.6 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Accumulated depreciation</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">(126.1)</span></span><span style="min-width: 30.83pt;"><span style="-sec-ix-redline:true;"></span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.35pt; text-align: left;"><span style="padding-left: 6.3pt; border-bottom: 1pt solid #000000; min-width: 27.13pt;"><span style="-sec-ix-redline:true;">(65.7)</span></span><span style="min-width: 27.13pt;"><span style="-sec-ix-redline:true;"> </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment, net</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">29.2</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.35pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.13pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 4.63pt; border-bottom: 3pt double #000000; min-width: 27.13pt;"><span style="-sec-ix-redline:true;">87.4</span></span></div> </td> </tr> </table> 34500 34500 120800 118600 126100 65700 29200 87400 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 4 - LEASES </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">During the years ended December 31, 2023 and 2022, we recognized offsetting ROU assets and lease liabilities of zero and $593.9 respectively. We elected not to recognize ROU assets and operating lease liabilities arising from short-term office and server leases, i.e., leases with initial terms of twelve months or less (deemed immaterial) on the consolidated balance sheets. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">When measuring lease liabilities that were classified as operating leases, we discounted lease payments using our estimated incremental borrowing rate at the recognition date during the years ended December 31, 2023 and 2022. The incremental borrowing rate applied to our sole operating lease was 7.01%. As of December 31, 2023, our lease had a remaining useful life of 2.17 years. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating leases are included in the consolidated Balance Sheets as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 46.15%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.76%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Classification</span></div> </td> <td class="gutter" style="width: 1.75%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.75%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease assets</span> </div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease cost ROU assets, net</span></div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_c1c71f404e614421a3be6c243031d760"><span style="-sec-ix-hidden:Fact_68f79d91923d408b92ad52483cedaf42">Assets</span></span> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$353.2 </span></span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$507.1 </span></span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease assets</span></div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$353.2</span></span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$507.1 </span></span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 4.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease liabilities</span> </div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 4.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease liabilities, current</span></div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_d72022892d7341d9a1cfd798fc28c831"><span style="-sec-ix-hidden:Fact_96e0c3bd19a34b8a84d5a576db3d5047">Current liabilities</span></span> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="-sec-ix-redline:true;">$160.3</span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="-sec-ix-redline:true;">$149.4 </span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease liabilities, non-current</span></div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_a821e5a734fb41e1af73519f3b896649"><span style="-sec-ix-hidden:Fact_a3fddfecf7ea42bb8d10ad419d1236c9">Liabilities</span></span> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">201.6</span></span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">362.1 </span></span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease liabilities</span></div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$361.9</span></span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$511.5</span></span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;"></span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The components of lease costs, which are included in income/(loss) from operations in our consolidated Statement of Operations were as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="4" style="width: 30.73%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Twelve Month Period Ended </span></div> </td> </tr> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease costs</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease costs</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">179.5</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">104.7 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease costs</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$179.5</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$104.7</span></span></div> </td> </tr> </table> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease commitments </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 87.18%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.59%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2024</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="-sec-ix-redline:true;">$180.4 </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2025</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">185.8 </span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2026</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">31.3 </span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total future minimum lease payments</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">397.5 </span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Amount representing interest</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">35.6 </span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Present value of net future minimum lease payments</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$361.9</span></span></div> </td> </tr> </table> 0 0 593900 593900 0.0701 P2Y2M1D <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating leases are included in the consolidated Balance Sheets as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 46.15%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.76%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Classification</span></div> </td> <td class="gutter" style="width: 1.75%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.75%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease assets</span> </div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease cost ROU assets, net</span></div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_c1c71f404e614421a3be6c243031d760"><span style="-sec-ix-hidden:Fact_68f79d91923d408b92ad52483cedaf42">Assets</span></span> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$353.2 </span></span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$507.1 </span></span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease assets</span></div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$353.2</span></span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 4.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$507.1 </span></span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 4.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease liabilities</span> </div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 4.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 4.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease liabilities, current</span></div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_d72022892d7341d9a1cfd798fc28c831"><span style="-sec-ix-hidden:Fact_96e0c3bd19a34b8a84d5a576db3d5047">Current liabilities</span></span> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="-sec-ix-redline:true;">$160.3</span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="-sec-ix-redline:true;">$149.4 </span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease liabilities, non-current</span></div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_a821e5a734fb41e1af73519f3b896649"><span style="-sec-ix-hidden:Fact_a3fddfecf7ea42bb8d10ad419d1236c9">Liabilities</span></span> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">201.6</span></span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">362.1 </span></span></div> </td> </tr> <tr> <td style="width: 46.15%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease liabilities</span></div> </td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.76%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$361.9</span></span></div> </td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.75%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$511.5</span></span><span style="padding-left: 0.37pt; border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;"></span></span></div> </td> </tr> </table> 353200 507100 353200 507100 160300 149400 201600 362100 361900 511500 <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The components of lease costs, which are included in income/(loss) from operations in our consolidated Statement of Operations were as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="4" style="width: 30.73%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Twelve Month Period Ended </span></div> </td> </tr> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease costs</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease costs</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">179.5</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">104.7 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease costs</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$179.5</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$104.7</span></span></div> </td> </tr> </table> 179500 104700 179500 104700 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease commitments </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 87.18%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.59%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2024</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="-sec-ix-redline:true;">$180.4 </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2025</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">185.8 </span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2026</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">31.3 </span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total future minimum lease payments</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">397.5 </span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Amount representing interest</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">35.6 </span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Present value of net future minimum lease payments</span></div> </td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.59%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.65%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.83pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$361.9</span></span></div> </td> </tr> </table> 180400 185800 31300 397500 35600 361900 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 5 - INCOME TAXES </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The following reconciles the total income tax benefit, based on the U.S. Federal statutory income tax rate of 21% for the twelve month periods ended December 31, 2023 and December 31, 2022, with TMTG’s recognized income tax expense: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="4" style="width: 30.73%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Twelve Month Period Ended </span></div> </td> </tr> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">U.S. Statutory federal income tax expense/(benefit)</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$(12,219.7)</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">10,610.0 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Permanent items</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">State income taxes, net of federal effect</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 30.83pt;"><span style="-sec-ix-redline:true;">1.1</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">2,633.1</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Non-deductible expenses</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 20.83pt;"><span style="-sec-ix-redline:true;">334.6</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 30.83pt;"><span style="-sec-ix-redline:true;">3.0</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Change in valuation allowance</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.7pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">11,885.1</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(13,245.9)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Income tax expense</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 25.83pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">1.1</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 25.83pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">0.2</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of December 31, 2023 and 2022 are as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Deferred tax assets</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Software and other claimed assets</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 15.83pt;"><span style="-sec-ix-redline:true;">360.6</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">1,810.5 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Net operating loss (NOL)</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">9,474.7</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">4,478.1</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Convertible promissory notes and derivative liability</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">3,853.2</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 28.33pt; border-bottom: 1pt solid #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total deferred tax assets</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">13,688.5</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">6,288.6</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Deferred tax liabilities</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 27.5pt;"><span style="-sec-ix-redline:true;">(6.2)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 17.5pt;"><span style="-sec-ix-redline:true;">(18.2)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Convertible promissory notes and derivative liability</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">(4,473.2)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total deferred tax liabilities</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 27.5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(6.2)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">(4,491.4)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Net deferred tax assets</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">13,682.3</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">1,797.2</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Valuation allowance</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(13,682.3)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">(1,797.2)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Net deferred tax, net of valuation allowance</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 28.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 23.33pt; border-bottom: 3pt double #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">As of December 31, 2023, TMTG had US Federal and state net operating loss carryforwards (“NOLs”) with a tax benefit of $9,474.7 (December 31, 2022: $4,478.1). </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The following reconciles the total income tax benefit, based on the U.S. Federal statutory income tax rate of 21% for the twelve month periods ended December 31, 2023 and December 31, 2022, with TMTG’s recognized income tax expense: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="4" style="width: 30.73%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Twelve Month Period Ended </span></div> </td> </tr> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">U.S. Statutory federal income tax expense/(benefit)</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$(12,219.7)</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">10,610.0 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Permanent items</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">State income taxes, net of federal effect</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 30.83pt;"><span style="-sec-ix-redline:true;">1.1</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">2,633.1</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Non-deductible expenses</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 20.83pt;"><span style="-sec-ix-redline:true;">334.6</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 30.83pt;"><span style="-sec-ix-redline:true;">3.0</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Change in valuation allowance</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.7pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">11,885.1</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(13,245.9)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Income tax expense</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 25.83pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">1.1</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 25.83pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">0.2</span></span></div> </td> </tr> </table> 0.21 0.21 -12219700 10610000 1100 2633100 334600 3000 11885100 -13245900 1100 200 <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of December 31, 2023 and 2022 are as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Deferred tax assets</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Software and other claimed assets</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 15.83pt;"><span style="-sec-ix-redline:true;">360.6</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">1,810.5 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Net operating loss (NOL)</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">9,474.7</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">4,478.1</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Convertible promissory notes and derivative liability</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">3,853.2</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 28.33pt; border-bottom: 1pt solid #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total deferred tax assets</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">13,688.5</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">6,288.6</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Deferred tax liabilities</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 27.5pt;"><span style="-sec-ix-redline:true;">(6.2)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 17.5pt;"><span style="-sec-ix-redline:true;">(18.2)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Convertible promissory notes and derivative liability</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">(4,473.2)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total deferred tax liabilities</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 27.5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(6.2)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">(4,491.4)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Net deferred tax assets</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">13,682.3</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">1,797.2</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Valuation allowance</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(13,682.3)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">(1,797.2)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Net deferred tax, net of valuation allowance</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 28.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.75pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 23.33pt; border-bottom: 3pt double #000000; min-width: 38.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> </table> 360600 1810500 9474700 4478100 3853200 0 13688500 6288600 6200 18200 0 4473200 6200 4491400 13682300 1797200 13682300 1797200 0 0 9474700 4478100 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 6 – OTHER INCOME – RELATED PARTY, RELATED PARTY RECEIVABLE AND PAYABLE </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">There was no other income – related party for the period. The other income – related party in 2021 amounted to $2,123.3 related to a licensing agreement with one of the Stockholders. At the end of fourth quarter 2021, $23.3 was still outstanding. TMTG was assigned net revenue from a series of public appearances by President Trump in accordance with a licensing arrangement. The income was valued on a dollar-for-dollar basis with the underlying sales. TMTG did not incur any costs in connection with such assigned sales. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In terms of the agreement, these sales were made in the fourth quarter of 2021 and final payment was made to TMTG, in accordance with the license agreement, in February of 2022. Related party payable is operational funding of $95.5 received from two of the Stockholders during the first quarter of 2021, which was repaid in May of 2022. The operational funding carried no specific repayment terms or interest charges. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Effective June 13, 2022, the Company entered into a Consulting Services Agreement with Trishul, LLC (“Trishul”). Pursuant to such agreement and subsequent performance by the parties thereto, Trishul provided consulting services to the Company until the consulting relationship was terminated by the Company on March 25, 2024. During the years ended December 31, 2023 and 2022, the Company paid $131.7 and $50.0, respectively, to Trishul. As of December 31, 2023 and 2022, the Company had an outstanding payable balance of zero and $20.0, respectively, to Trishul. Trishul is owned by Kashyap “Kash” Patel, a director of the Company from March 11, 2022 to March 26, 2024. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In August 2021, the Company entered into a Consulting Serivces Agreement with Hudson Digital, LLC (“Hudson Digital”). Pursuant to the agreement, which as amended expires in December 31, 2024, Hudson Digital provides consulting services to the Company. During the years ended December 31, 2023 and 2022, the Company paid $240.0 and $240.0, respectively, to Hudson Digital. As of December 31, 2023 and 2022, the Company an had outstanding payable balance of zero to Hudson Digital. Hudson Digital is owned by Daniel Scavino, who served as a director of the Company from February 16, 2023, until March 25, 2024. </span></div> 0 0 2123300 23300 0 95500 95500 0 131700 50000 0 20000 240000 240000 0 0 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 7 – CONVERTIBLE PROMISSORY NOTES </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 1 to 7 were Convertible Promissory Notes issued from May 2021 through October 2021 with a cumulative face value of $5,340.0, maturity of 24 months from each respective issuance date and interest was accrued at 5% based on the simple interest method (365 days year) for each note. Each of Notes 1-7 contemplated multiple plausible outcomes that include conversion upon a Qualified SPAC Business Combination (“SPAC”) and at least one of the following conversion triggers: Qualified Initial Public Offering (“IPO”), private equity transaction and/or change of control. All outstanding principal of these Notes, together with all accrued but unpaid interest on such principal, will convert to equity. The number of shares of Company stock to be issued to the Lender upon conversion of the Notes in the event of a completed SPAC transaction would be the number of shares of the Company Stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding, divided by $4.00. In other, non-SPAC conversion scenarios, the number of shares of Company stock to be issued to the Lender upon conversion of the Notes was variable based on the application of an automatic discounted share-settlement feature. For Notes 1 and 2, the number of shares of Company stock to be issued to the Lender upon a non-SPAC conversion event would be the number of shares of Company stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding (b) divided by 40% of the initial public offering price per share of a qualified initial public offering. For Notes 3-7, the number of shares of Company stock to be issued to the Lender upon a non-SPAC conversion event would be the number of shares of Company stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding (b) divided by 40% of (i) the initial public offering price per share of a qualified initial public offering, (ii) the price per share as determined by the valuation of the Company in connection with a qualified private equity raise, or (iii) in the case of a change of control, the price per share determined in accordance with the Company’s then current fair value determined by an independent valuation firm. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 8 to 12 were Convertible Promissory Notes issued from November 2021 through December 2021 with a cumulative face value of $17,500.0, maturity of between 18 months and 36 months and interest was accrued at a range </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">between 5% and 10% based on the simple interest method (365 days year) for each note. Notes 8 to 12 were convertible simultaneously with the completion of a SPAC merger agreement or IPO. All outstanding principal of these Notes, together with all accrued but unpaid interest on such principal, would convert to equity. The number of shares of Company stock to be issued to the Lender upon conversion of the Notes would be the number of shares of the Company Stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding (b) divided by either $25, $21 or $20 subject to the respective conditions of the individual Notes; provided, however, in the event that the stock price quoted for the Company on NASDAQ or The New York Stock Exchange (as applicable) at the time of the closing of the Qualified SPAC Business Combination (the “TMTG Stock Price”) is less than either $50 per share, $42 per share, $40 per share subject to the respective conditions of the individual Notes, then the Conversion Price would be reset to 50% of the then current TMTG Stock Price subject to a floor of $10 per share. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 13 to 18 were Convertible Promissory Notes issued from January 2022 through March 2022. Note 19 was issued on August 23, 2023. Notes 13 to 19 were Convertible Promissory Notes issued with a cumulative face value of $18,360.0, maturity of 18 months and interest will be accrued at a range between 5% and 10% based on the simple interest method (365 days year) for each note. Notes 13 to 19 were convertible simultaneously with the completion of a Qualified SPAC Business Combination (“SPAC”) merger agreement or Qualified Initial Public Offering (“IPO”). All outstanding principal of these Notes, together with all accrued but unpaid interest on such principal, would convert to equity. The number of shares of Company stock to be issued to the Lender upon conversion of the Notes would be the number of shares of the Company Stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding (b) divided by either $25 or $21 subject to the respective conditions of the individual notes. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Note 20 is a Convertible Promissory Note issued from November 2023 through May 24, 2025 with a cumulative face value of $500.0, maturity of 18 months and interest will be accrued at 10% based on the simple interest method (365 days year) for each note. Note 20 is convertible with the completion of a Qualified SPAC Business Combination (“SPAC”) merger agreement or Qualified Initial Public Offering (“IPO”). The outstanding principal of the Note, accrued but unpaid interest on such principal, shall convert to equity. The number of shares of Company stock to be issued to the Lender upon conversion of the Note shall be the number of shares of the Company Stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Note then outstanding (b) divided by either $25 or $21 subject to the respective conditions of the individual Notes; provided, however, in the event that the stock price quoted for the Company on NASDAQ or The New York Stock Exchange (as applicable) at the time of the closing of the Qualified SPAC Business Combination (the “TMTG Stock Price”) is less than either $50 per share or $42 per share subject to the respective conditions of the individual Notes, then the Conversion Price shall be reset to 50% of the then current TMTG Stock Price subject to a floor of $10 per share. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">As of December 31, 2023 and 2022, none of the of the Notes outstanding were called. </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 2pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Convertible Promissory Notes</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 1 to 7</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">5,340.0</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">5,340.0 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 8 to 12</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">17,500.0</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">17,500.0</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 13 to 20</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">17,860.0</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">15,360.0</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">40,700.0</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">38,200.0</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Debt Issuance costs</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(240.0)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(240.0)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Nominal value of Convertible Promissory Notes</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">40,460.0</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">37,960.0</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability Component</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(37,234.8)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(36,528.7)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liability component at date of issue</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">3,225.2</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">1,431.3</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Interest charged</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">42,121.8</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">2,692.6</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Interest paid</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total Liability component</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">45,347.0</span></span><span style="-sec-ix-redline:true;"></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">4,123.9 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Short-term liability component</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(41,818.8) </span></span><span style="border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;"></span></span><span style="min-width: 43.33pt;"><span style="-sec-ix-redline:true;"></span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(4,123.9) </span></span><span style="min-width: 43.33pt;"><span style="-sec-ix-redline:true;"></span> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;"><span style="-sec-ix-redline:true;">Long-term liability component at December 31, 2023 and December 31, 2022</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">3,528.2</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 28.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">— </span></span></div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="fintab" style="margin-top: 11.25pt; border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Embedded feature Component</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability Component</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">37,234.8</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">36,528.7 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Change in fair value of Embedded derivative</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(18,832.0)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(21,623.4)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total Derivative Liability Component</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">18,402.8</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">14,905.3</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_31054e97e9a94a17808ca714769d79e8">Less: Short-term Derivative Liability Component</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(17,282.5)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(14,905.3)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="text-indent: 0pt;"><span style="-sec-ix-hidden:Fact_581038a4419a46cf9006b96b98d2e2e5">Long-term derivative liability component</span></span> at December 31, 2023 and December 31, 2022</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">1,120.3</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 28.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The interest charged for the period is calculated by applying the effective interest rate range of between 16.3% to 100%+ to the liability component for the period since the respective notes were issued. </span></div> 5340000 P24M 0.05 4 0.40 0.40 17500000 P18M P36M 0.05 0.10 25 21 20 50 42 40 0.50 10 18360000 P18M 0.05 0.10 25 21 500000 P18M 0.10 25 21 50 42 0.50 10 <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">As of December 31, 2023 and 2022, none of the of the Notes outstanding were called. </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 2pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Convertible Promissory Notes</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 1 to 7</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">5,340.0</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">5,340.0 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 8 to 12</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">17,500.0</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">17,500.0</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 13 to 20</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">17,860.0</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">15,360.0</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">40,700.0</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">38,200.0</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Debt Issuance costs</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(240.0)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(240.0)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Nominal value of Convertible Promissory Notes</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">40,460.0</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">37,960.0</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability Component</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(37,234.8)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(36,528.7)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liability component at date of issue</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">3,225.2</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">1,431.3</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Interest charged</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">42,121.8</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">2,692.6</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Interest paid</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total Liability component</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">45,347.0</span></span><span style="-sec-ix-redline:true;"></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">4,123.9 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Short-term liability component</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(41,818.8) </span></span><span style="border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;"></span></span><span style="min-width: 43.33pt;"><span style="-sec-ix-redline:true;"></span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(4,123.9) </span></span><span style="min-width: 43.33pt;"><span style="-sec-ix-redline:true;"></span> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;"><span style="-sec-ix-redline:true;">Long-term liability component at December 31, 2023 and December 31, 2022</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">3,528.2</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 28.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">— </span></span></div> </td> </tr> </table> <table cellpadding="0" cellspacing="0" class="fintab" style="margin-top: 11.25pt; border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; font-size: 2pt; padding-top: 6pt; padding-bottom: 3.5pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 3.5pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Embedded feature Component</span> </div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability Component</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">37,234.8</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">36,528.7 </span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Change in fair value of Embedded derivative</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(18,832.0)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(21,623.4)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total Derivative Liability Component</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">18,402.8</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 2.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 2.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">14,905.3</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_31054e97e9a94a17808ca714769d79e8">Less: Short-term Derivative Liability Component</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(17,282.5)</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 2.25pt; padding-bottom: 3.5pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(14,905.3)</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="text-indent: 0pt;"><span style="-sec-ix-hidden:Fact_581038a4419a46cf9006b96b98d2e2e5">Long-term derivative liability component</span></span> at December 31, 2023 and December 31, 2022</span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">1,120.3</span></span></div> </td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.3%; border-bottom: none; font-size: 2pt; padding-top: 3.5pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3.5pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 28.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> </table> 5340000 5340000 17500000 17500000 17860000 15360000 40700000 38200000 240000 240000 40460000 37960000 37234800 36528700 3225200 1431300 42121800 2692600 0 0 45347000 4123900 41818800 4123900 3528200 0 37234800 36528700 18832000 21623400 18402800 14905300 17282500 14905300 1120300 0 0.163 1 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 8 - FAIR VALUE MEASUREMENT </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:</span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Level 1. Quoted prices (unadjusted) in active markets for identical assets or liabilities.</span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Level 2. Significant other inputs that are directly or indirectly observable in the marketplace.</span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Level 3. Significant unobservable inputs which are supported by little or no market activity.</span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The derivative liability is classified as Level 3 due to significant unobservable inputs. </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="7" style="width: 35.2%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">As of December 31, 2023 </span></div> </td> </tr> <tr class="header"> <td style="width: 61.54%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands) </span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Quoted prices </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">in active </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">markets for </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">identical assets </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 1)</span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">other </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">observable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 2)</span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">unobservable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 3) </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Current Liabilites</span> </div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.39pt; text-align: left;"><span style="-sec-ix-redline:true;">17,282.5</span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities</span> </div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.39pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">1,120.3</span></span></div> </td> </tr> </table> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="7" style="width: 35.2%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">As of December 31, 2022 </span></div> </td> </tr> <tr class="header"> <td style="width: 61.54%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands) </span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Quoted prices </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">in active </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">markets for </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">identical assets </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 1)</span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">other </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">observable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 2)</span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">unobservable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 3) </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities</span> </div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.39pt; text-align: left;"><span style="-sec-ix-redline:true;">14,905.3</span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The derivative liability is remeasured to its fair value each reporting period period and upon settlement with changes in its fair value recorded in the consolidated statement of operations. <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The change in fair value of the derivative liability was as follows: </span></span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Estimated fair value at December 31, 2021</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">75,355.2 </span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Change in estimated fair value</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">(75,809.9)</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Additions from new convertible notes</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">15,360.0</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Estimated fair value at December 31, 2022</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">14,905.3</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Change in estimated fair value</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">2,791.6</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Additions from new convertible notes</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 20.83pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">705.9</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Estimated fair value at December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">18,402.8</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The estimated fair value of the conversion feature of the derivative liability, a level 3 measurement was estimated using traditional valuation methods including Black-Scholes option pricing models and Monte Carlo simulations. A Black-Scholes model for Notes 1 though 8, 10, 13 and 20 and a Monte Carlo simiulation model for all other outstanding Notes as of December 31, 2023, and a Black-Scholes model for Notes 1 through 7 and a Monte Carlo simulation model for Notes 8 through 18 as of December 31, 2022. The application of the Black-Scholes model and Monte Carlo simulation requires the use of a number of inputs and significant assumptions including volatility. The following reflects the inputs and assumptions used: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.96%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Stock price</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">$17.50</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">$15.00 </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Strike price</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">$4.00 - 10.00 and Variable<br/> </span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">$4.00 - $10.00 and Variable </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Volatility</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">69.70% - 82.00%</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">79.50% - 83.90% </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Risk-free rate</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">5.40% - 5.55%</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">1.06% - 4.76%</span></div> </td> </tr> <tr> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left; background-color: rgb(204, 238, 255);"><span style="-sec-ix-redline:true;">Probability of SPAC Merger<br/> </span></td> <td class="gutter" rowspan="1" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: rgb(204, 238, 255);"><span style="-sec-ix-redline:true;"> </span></td> <td class="gutter" rowspan="1" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: rgb(204, 238, 255);"><span style="-sec-ix-redline:true;"> </span></td> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; background-color: rgb(204, 238, 255);">39%<br/> <span style="-sec-ix-redline:true;"></span></td> <td class="gutter" rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; background-color: rgb(204, 238, 255);"><span style="-sec-ix-redline:true;"> </span></td> <td class="gutter" rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; background-color: rgb(204, 238, 255);"><span style="-sec-ix-redline:true;"> </span></td> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; background-color: rgb(204, 238, 255);">48%<br/> </td> </tr> <tr> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Term of SPAC Merger<br/> </span></td> <td class="gutter" rowspan="1" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;"> </span></td> <td class="gutter" rowspan="1" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;"> </span></td> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; vertical-align: bottom;">3 months<br/> <span style="-sec-ix-redline:true;"></span></td> <td class="gutter" rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right;"><span style="-sec-ix-redline:true;"> </span></td> <td class="gutter" rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right;"><span style="-sec-ix-redline:true;"> </span></td> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; vertical-align: bottom;">6 months<br/> <span style="-sec-ix-redline:true;"></span></td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The derivative liability is classified as Level 3 due to significant unobservable inputs. </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="7" style="width: 35.2%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">As of December 31, 2023 </span></div> </td> </tr> <tr class="header"> <td style="width: 61.54%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands) </span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Quoted prices </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">in active </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">markets for </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">identical assets </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 1)</span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">other </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">observable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 2)</span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">unobservable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 3) </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Current Liabilites</span> </div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.39pt; text-align: left;"><span style="-sec-ix-redline:true;">17,282.5</span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities</span> </div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.39pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">1,120.3</span></span></div> </td> </tr> </table> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="7" style="width: 35.2%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">As of December 31, 2022 </span></div> </td> </tr> <tr class="header"> <td style="width: 61.54%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands) </span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Quoted prices </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">in active </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">markets for </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">identical assets </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 1)</span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">other </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">observable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 2)</span></div> </td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">unobservable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 3) </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities</span> </div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.01%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 7.88%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.63%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.39pt; text-align: left;"><span style="-sec-ix-redline:true;">14,905.3</span></div> </td> </tr> </table> 17282500 1120300 14905300 <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The change in fair value of the derivative liability was as follows: </span> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Estimated fair value at December 31, 2021</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">75,355.2 </span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Change in estimated fair value</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">(75,809.9)</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Additions from new convertible notes</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">15,360.0</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Estimated fair value at December 31, 2022</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">14,905.3</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Change in estimated fair value</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">2,791.6</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Additions from new convertible notes</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="padding-left: 20.83pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">705.9</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Estimated fair value at December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.78%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.26%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 3.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">18,402.8</span></span></div> </td> </tr> </table> 75355200 -75809900 15360000 14905300 2791600 705900 18402800 <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The estimated fair value of the conversion feature of the derivative liability, a level 3 measurement was estimated using traditional valuation methods including Black-Scholes option pricing models and Monte Carlo simulations. A Black-Scholes model for Notes 1 though 8, 10, 13 and 20 and a Monte Carlo simiulation model for all other outstanding Notes as of December 31, 2023, and a Black-Scholes model for Notes 1 through 7 and a Monte Carlo simulation model for Notes 8 through 18 as of December 31, 2022. The application of the Black-Scholes model and Monte Carlo simulation requires the use of a number of inputs and significant assumptions including volatility. The following reflects the inputs and assumptions used: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023</span></div> </td> <td class="gutter" style="width: 1.96%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2022 </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Stock price</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">$17.50</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">$15.00 </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Strike price</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">$4.00 - 10.00 and Variable<br/> </span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">$4.00 - $10.00 and Variable </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Volatility</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">69.70% - 82.00%</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">79.50% - 83.90% </span></div> </td> </tr> <tr> <td style="width: 61.54%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Risk-free rate</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">5.40% - 5.55%</span></div> </td> <td class="gutter" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.31%; text-align: right; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: right;"><span style="-sec-ix-redline:true;">1.06% - 4.76%</span></div> </td> </tr> <tr> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left; background-color: rgb(204, 238, 255);"><span style="-sec-ix-redline:true;">Probability of SPAC Merger<br/> </span></td> <td class="gutter" rowspan="1" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: rgb(204, 238, 255);"><span style="-sec-ix-redline:true;"> </span></td> <td class="gutter" rowspan="1" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: rgb(204, 238, 255);"><span style="-sec-ix-redline:true;"> </span></td> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; background-color: rgb(204, 238, 255);">39%<br/> <span style="-sec-ix-redline:true;"></span></td> <td class="gutter" rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; background-color: rgb(204, 238, 255);"><span style="-sec-ix-redline:true;"> </span></td> <td class="gutter" rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; background-color: rgb(204, 238, 255);"><span style="-sec-ix-redline:true;"> </span></td> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; background-color: rgb(204, 238, 255);">48%<br/> </td> </tr> <tr> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Term of SPAC Merger<br/> </span></td> <td class="gutter" rowspan="1" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;"> </span></td> <td class="gutter" rowspan="1" style="width: 1.96%; border-bottom: medium none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;"> </span></td> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; vertical-align: bottom;">3 months<br/> <span style="-sec-ix-redline:true;"></span></td> <td class="gutter" rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right;"><span style="-sec-ix-redline:true;"> </span></td> <td class="gutter" rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right;"><span style="-sec-ix-redline:true;"> </span></td> <td rowspan="1" style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: right; vertical-align: bottom;">6 months<br/> <span style="-sec-ix-redline:true;"></span></td> </tr> </table> 17.5 15 4 10 4 10 0.697 0.82 0.795 0.839 0.054 0.0555 0.0106 0.0476 0.39 0.48 P3M P6M <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 17pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 9– STOCKHOLDERS’ EQUITY </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">At inception, the total number of shares of all classes of capital stock that the Company was authorized to issue was 11,000 shares of Common Stock, each having a par value of $0.000001, of which 10,000 shares were issued and outstanding, and an additional 1,000 shares were authorized for issuance in connection with the Company’s Equity Incentive Plan. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In October 2021, the total number of shares of Common Stock authorized was increased to 110,000,000, each having a par value of $0.000001. Each share of the Company’s Common Stock, automatically and without any action on the part of the Company or any respective holders thereof, was reclassified into ten thousand (10,000) shares of the Company’s Common Stock, $0.000001 par value per share, resulting in 110,000,000 shares authorized, of which 100,000,000 shares were issued and outstanding, and an additional 7,500,000 shares were authorized for issuance in connection with the Company’s Equity Incentive Plan. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In January 2022, the total number of shares of the Company’s Common Stock authorized was increased to 120,000,000, each having a par value of $0.000001, of which 100,000,000 shares were issued and outstanding, and an additional 7,500,000 shares were authorized for issuance in connection with the Company’s Equity Incentive Plan. No activity pursuant to the Equity Incentive Plan occurred for the years ended December 31, 2023 and 2022. </span></div> 11000 0.000001 10000 10000 1000 110000000 0.000001 10000 0.000001 110000000 100000000 100000000 7500000 120000000 0.000001 100000000 100000000 7500000 0 0 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 18.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 10 - COMMITMENTS AND CONTINGENCIES </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">From time-to-time, we are a party to litigation and subject to claims, suits, regulatory and government investigations, other proceedings and consent decrees in the ordinary course of business, and other unasserted claims. We investigate claims as they arise and accrue estimates for resolution of legal and other contingencies when losses are probable and reasonably estimable. Based on current known facts and circumstances, the Company currently believes that any liabilities ultimately resulting from ordinary course claims, and proceedings will not individually or in aggregate, have a material adverse effect on the Company's financial position, results of operations, or cash flows. However, the outcomes of claims, legal proceedings or investigations are inherently unpredictable and subject to uncertainty, and may have an adverse effect on us because of defense costs, diversion of management resources and other factors that are not known to us or cannot be quantified at this time. We may also receive unfavorable preliminary or interim rulings in the course of litigation, and there can be no assurances that favorable final outcomes will be obtained. The final outcome of any current or future claims or lawsuits could adversely affect our business, financial position, results of operations or cash flows. We periodically evaluate developments in our legal matters that could affect the amount of liability that has previously been accrued or the reasonably possible losses that we have disclosed, and make adjustments as appropriate. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In August, TMTG irrevocably terminated all agreements with one of its vendors due to a material breach by the vendor, and TMTG reserved numerous affirmative claims against the vendor. TMTG determined during this </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">year that payment of existing invoices, future invoices, or litigation expenses is “not probable”. Therefore, TMTG has not accrued for a related loss contingency. The total amount of liability of $1.7 million was reversed during this period. TMTG further reversed $0.5 million of additional liabilities during the current period related to vendors who relied on erroneous interpretation of supply contracts.</span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Except as indicated below, to the knowledge of our management team, there is no litigation currently pending or contemplated against us or against any of our property. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 14pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Litigation with United Atlantic Ventures (“UAV”) in Delaware</span><span style="font-style: normal;"> </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On July 30, 2021, an attorney for the Trump Organization, on behalf of President Trump, declared void ab initio a services agreement that had granted TMTG, among other things, extensive intellectual property and digital media rights related to President Trump for purposes of commercializing the various Private TMTG initiatives (the “Services Agreement”). Neither Private TMTG nor Digital World was a party to such agreement. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On each of January 18, 2024 and February 9, 2024, Digital World received letters from counsel to UAV, a party to the Services Agreement. The letters contained certain assertions and enclosed a copy of the Services Agreement that had been declared void two and a half years earlier. Specifically, counsel for UAV claims that the Services Agreement grants UAV rights to (1) appoint two directors to TMTG and its successors (i.e., TMTG after the Business Combination), (2) approve or disapprove of the creation of additional TMTG shares or share classes and anti-dilution protection for future issuances, and (3) a $1.0 million expense reimbursement claim. In addition, UAV asserts that the Services Agreement is not void ab initio and claims that certain events following the July 30, 2021 notification support its assertion that such Services Agreement was not void. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On February 6, 2024, a representative of UAV sent a text message to a representative of a noteholder of TMTG suggesting that UAV might seek to enjoin the Business Combination. On February 9, 2024, Private TMTG received from counsel to UAV a letter similar to those letters received by Digital World, which also threatened Private TMTG with legal action regarding UAV’s alleged rights in Private TMTG, including, if necessary, an action to enjoin consummation of the Business Combination. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On February 28, 2024, UAV filed a verified complaint against Private TMTG in the Chancery Court seeking declaratory and injunctive relief relating to the authorization, issuance, and ownership of stock in Private TMTG and filed a motion for expedited proceedings. On March 4, 2024, UAV filed an amended complaint, converting their action from a direct action to a purported derivative action, and adding members of the Private TMTG board as defendants. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On March 6, 2024, Private TMTG filed an opposition to UAV’s motion to expedite, and UAV filed its response on March 8, 2024. On March 9, 2024, the Chancery Court held a hearing to decide UAV’s motion to expedite proceedings. During the oral argument, Private TMTG agreed that any additional shares of Private </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">TMTG issued prior to or upon the consummation of the Business Combination would be placed in escrow pending a resolution of the dispute between the parties. The Chancery Court entered an order consistent with the foregoing on March 15, 2024, and scheduled a status conference for April 1, 2024. On March 18, 2024, Private TMTG and the former board filed a motion to dismiss the amended complaint for, among other things, failure to state a claim. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 2, 2024, UAV filed a motion for leave to file a second amended complaint together with a motion for preliminary injunction and a motion for contempt and anti-suit injunction related to Private TMTG’s filing of a separate litigation against UAV and others in Florida state court. Private TMTG maintains that the contempt claims are meritless. Additionally, UAV filed a motion for a case scheduling order seeking to expedite discovery in advance of a hearing scheduled for April 30, 2024. On April 3, 2024, Defendants (Private TMTG and its former board) filed an opposition to the motion for scheduling order. On April 5, 2024, Defendants filed an opposition to the motion for leave to file a second amended complaint. On April 8, 2024, Defendants filed a motion to stay discovery and for protective order. The Chancery Court granted the motion for leave to file a second amended complaint on April 9, 2024, but the Chancery Court also re-assigned the case to a new judicial officer. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 11, 2024, UAV filed its second amended complaint, naming the prior Defendants together with five new defendants—TMTG and the current directors on the TMTG Board who were not on Private TMTG’s board of directors. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 22, 2024, all of the Defendants moved to vacate the Chancery Court’s prior order expediting the matter. Additionally, all of the Defendants moved to dismiss the second amended complaint. Following briefing and oral argument on the motion to vacate, the Chancery Court vacated the prior provisions of the March 15 order expediting the matter. On May 8, 2024, the Chancery Court stayed discovery. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">This matter—including Defendants’ Motion to Dismiss and UAV’s Renewed Motion for Contempt—remains pending. </span></div> 0 1700000 500000 1000000 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 11 – SUBSEQUENT EVENTS </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after December 31, 2023, up to the date the Company issued the consolidated financial statements. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Between January 22, 2024, and March 17, 2024, TMTG issued and/or amended the terms of numerous TMTG Convertible Notes, prior to the conversion of such notes on March 25, 2024, as described below. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On February 28, 2024, TMTG minority shareholder United Atlantic Ventures, LLC (“UAV”) initiated litigation against TMTG in the Delaware Court of Chancery (“Chancery Court”). On March 4, 2024, UAV filed an amended complaint, adding members of the TMTG board of directors as defendants. On April 11, 2024, UAV filed a second amended complaint, naming as defendants TMTG, the Combined Entity, and members of the boards of directors of both TMTG and the Combined Entity (collectively, the “Delaware Defendants”).</span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">UAV’s second amended complaint sought primarily declaratory and injunctive relief, specifically:</span></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">1.</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">A declaration that Section 4.8 of the [Combined Entity’s] Second Amended Charter is void and unenforceable as applied to UAV; </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">2.</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">An injunction requiring [the Combined Entity] to remove the restriction legends on UAV’s stock;</span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">3.</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">A declaration that [] TMTG approved and ratified all of UAV’s rights emanating from the Services Agreement [to which UAV was a party and that was declared void ab initio on July 30, 2021, by an attorney for the Trump Organization, on behalf of President Trump. TMTG was not a party to the Services Agreement.] </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">4.</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">A declaration that the Services Agreement is a valid and enforceable contract and that UAV has valid and enforceable rights thereunder, including the continuing right to appoint directors to [TMTG’s and the Combined Entity’s] boards.</span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">5.</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">An injunction enjoining [] TMTG from further prosecuting the [a lawsuit TMTG filed against UAV in Florida state court on March 24, 2024]; </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">6.</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Awarding [UAV] its attorneys’ fees and costs based upon the bad faith conduct of [the Delaware] Defendants and/or based on the benefit conferred on the Company [sic] and its minority stockholders through the prosecution of this action. </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">7.</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Awarding such other relief as the [Chancery] Court deems equitable, just and proper. </span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On June 5, 2024, UAV filed a motion for leave to further amend its complaint. That motion, along with UAV’s renewed motion for contempt, remained pending as of the date of these financial statements. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On March 25, 2024, TMTG consummated the Merger Agreement dated October 20, 2021, between Digital World Acquisition Corp. (“Digitial World” or “DWAC”), DWAC Merger Sub, TMTG, ARC Global Investments II (“ARC”), LLC and TMTG’s General Counsel, as amended on May 11, 2022, August 9, 2023 and September 29, 2023. Pursuant to the Merger Agreement, and subject to the terms and conditions set forth therein, upon the Closing, Merger Sub merged with and into TMTG, with TMTG surviving as a wholly owned subsidiary of Digital World, and with TMTG’s stockholders receiving 87,500,000 shares of Digital World Class A common stock (excluding 40,000,000 Earnout Shares), subject to certain adjustments and earnout provisions, in exchange for TMTG common stock, which is in substance, a continuation of the TMTG shareholders’ equity interests in the TMTG business, plus up to an additional 7,854,534 shares of New Digital World common stock that were issued upon conversion of outstanding TMTG Convertible Notes immediately prior to the Closing. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 15, 2024, TMTG filed a registration statement on form S-1, which, as of the date of these financial statements, had not yet been declared effective and remained subject to amendment and completion. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 16, 2024, TMTG announced that it had finished the research and development phase of its new live TV streaming platform and would begin scaling up its own content delivery network. On May 16 and 17, 2024, respectively, the Company signed agreements to obtain data center services and purchase servers and related equipment for the project. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 26, 2024, in accordance with the terms of the Merger Agreement, the Company officially determined that 40,000,000 Earnout Shares had been earned, after which such shares were issued. </span></div> 87500000 40000000 7854534 40000000 233700900 2572700 40028300 0 324700 327500 47200 81000 274101100 2981200 23700 29200 313800 353200 274438600 3363600 9704700 1600700 50157800 41818800 262000 0 0 17282500 3717200 4413100 163100 160300 64004800 65275400 159800 201600 0 3528200 0 1120300 64164600 70125500 0.0001 0.0001 1000000 1000000 0 0 0 0 0 0 0.0001 0.0001 999000000 999000000 136700583 136700583 87500000 87500000 13700 8800 3082180900 0 -2871920600 -66770700 210274000 -66761900 274438600 3363600 770500 1116200 93400 41300 677100 1074900 33158600 2812100 1070400 256100 64795100 1836300 5600 16300 99029700 4920800 -98352600 -3845900 2817600 2024300 28800 0 -542300 0 225916000 -5659900 -327599700 -210300 0 0 -327599700 -210300 -3.61 -3.61 90743994 87500000 90743994 87500000 30142500 0 54445500 0 84588000 0 87500000 8800 0 0 0 -8581300 -8572500 0 0 0 -210300 -210300 87500000 8800 0 0 0 -8791600 -8782800 0 0 0 -22768100 -22768100 87500000 8800 0 0 0 -31559700 -31550900 0 0 0 -26033100 -26033100 87500000 8800 0 0 0 -57592800 -57584000 0 0 0 -9177900 -9177900 87500000 8800 0 0 0 -66770700 -66761900 0 0 0 -327599700 -327599700 2477550200 -2477550200 0 6014534 600 0 0 300425400 0 300426000 1840000 200 0 0 84587800 84588000 41346049 4100 0 0 219617500 219621600 136700583 13700 0 0 3082180900 -2871920600 210274000 -327599700 -210300 2817600 2024300 225916000 -5659900 5600 16500 -542300 0 84588000 0 400 1800 -2800 0 -33800 -13200 -695900 0 5073100 39900 -9316000 -3774500 0 0 0 0 47455000 0 233017500 0 280472500 0 271156500 -3774500 2572700 9808400 273729200 6033900 233700900 6033900 40028300 0 273729200 6033900 0 0 0 0 300426000 0 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 17pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 1 - DESCRIPTION OF BUSINESS </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The accompanying unaudited condensed consolidated financial statements include the historical accounts of Trump Media &amp; Technology Group Corp. (“TMTG”), which changed its name from Trump Media Group Corp. in October 2021. The mission of TMTG is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 18pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Merger </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On March 25, 2024, TMTG consummated the Merger Agreement dated October 20, 2021, between Digital World Acquisition Corp. (“Digitial World” or “DWAC”), DWAC Merger Sub, TMTG, ARC Global Investments II (“ARC”), LLC and TMTG’s General Counsel, as amended on May 11, 2022, August 9, 2023 and September 29, 2023. Pursuant to the Merger Agreement, and subject to the terms and conditions set forth therein, upon the Closing, Merger Sub merged with and into TMTG, with TMTG surviving as a wholly owned subsidiary of Digital World, and with TMTG’s stockholders receiving 87,500,000 shares of Digital World Class A common stock (excluding 40,000,000 Earnout Shares), subject to certain adjustments and earnout provisions, in exchange for TMTG common stock, which is in substance, a continuation of the TMTG shareholders’ equity interests in the TMTG business, plus up to an additional 7,854,534 shares of New Digital World common stock to be issued upon conversion of outstanding TMTG Convertible Notes immediately prior to the Closing. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Notwithstanding the legal form of the Business Combination pursuant to the Merger Agreement, the Business Combination has been accounted for as a reverse recapitalization in accordance with U.S. GAAP because TMTG is the operating company and has been determined to be the accounting acquirer under Financial Accounting Standards Board’s Accounting Standards Codification Topic 805, Business Combinations (“ASC 805”), while Digital World is a blank check company. The determination is primarily based on the evaluation of the following facts and circumstances: </span></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">•</span></div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">The pre-combination equity holders of TMTG hold the majority of voting rights in Digital World after giving effect to the Business Combination (“the Combined Entity”, also referred to herein as “New Digital World” or “the Company”); </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">•</span></div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">The pre-combination equity holders of TMTG have the right to appoint the majority of the directors on the Combined Entity Board; </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">•</span></div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">TMTG senior management (executives) are the senior management (executives) of the Combined Entity; and </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">•</span></div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Operations of TMTG will comprise the ongoing operations of Combined Entity. </span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Under the reverse recapitalization model, the Business Combination was treated as TMTG issuing equity for the net assets of Digital World, with no goodwill or intangible assets recorded. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">While Digital World was the legal acquirer in the Business Combination, because Predecessor TMTG was deemed the accounting acquirer, the historical financial statements of Predecessor TMTG became the historical financial statements of the combined company upon the consummation of the Business Combination. As a result, the financial statements reflect (i) the historical operating results of Predecessor TMTG prior to the Business Combination; (ii) the combined results of Digital World and Predecessor TMTG following the closing of the Business Combination; (iii) the assets and liabilities of Predecessor TMTG at their historical cost; and (iv) the Company’s equity structure for all periods presented. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In accordance with the applicable guidance, the equity structure has been retroactively restated in all comparative periods up to the Closing Date, to reflect the number of shares of the Company’s common stock issued to Predecessor TMTG common shareholders and Predecessor TMTG convertible noteholders in connection with the Business Combination. As such, the shares and corresponding capital amounts and earnings per share </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">related to Predecessor TMTG convertible notes and Predecessor TMTG common stock prior to the Business Combination have been retroactively restated as shares reflecting the exchange ratio established in the Business Combination. </span></div> 87500000 40000000 7854534 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Basis of Presentation </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The accompanying unaudited condensed consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Our interim financial statements are unaudited, and in our opinion, include all adjustments of a normal recurring nature necessary for the fair presentation of the periods presented. The results for the interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2024. These unaudited condensed consolidated financial statements and related notes should be read in conjunction with our unaudited financial statements for the year ended December 31, 2023. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Reclassification </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">As part of the reaudit of our consolidated financial statements for the years 2023 and 2022, we identified amounts of our convertible promissory notes presented within current liabilities on balance sheet as of December 31, 2023 that required adjustment to long-term liabilities to conform to our audited balance sheet presentation as of December 31, 2023. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Pursuant to the guidance of Staff Accounting Bulletin No. 99, Materiality, and SEC Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements;” we concluded that the error was not material to our previously issued consolidated financial statements for the year 2023. The adjustment did not have any effect on income from operations, net income or cash flows. This adjustment did not have an effect on our cash balances. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liquidity and going concern </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">TMTG commenced operations on February 8, 2021, and began the initial launch of its social media platform in the first quarter of 2022. In October of 2021, TMTG entered into a definitive merger agreement with DWAC, a special purpose acquisition corporation and a Delaware corporation. The companies consummated the merger on March 25, 2024. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Company operations consumed $47,048.0 of cash from February 8, 2021 (inception) through March 31, 2024, primarily funded by $48,155.0 of proceeds (net of repayments) from the issuance of “Private TMTG” convertible promissory notes (the “Pre-Merger Notes”). The March 25, 2024 Closing triggered the automatic conversion of the “Pre-Merger Notes” to common stock immediately prior to such closing, thus eliminating the liability.</span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Concurrently, TMTG received $273,017.5 of net cash proceeds from the Business Combination, comprised of $233,017.5 of cash and $40,000.0 of restricted cash. Prior to Closing, on February 8, 2024, Digital World agreed to issue up to $50,000.0 of convertible promissory notes (the “Convertible Notes”) to certain institutional investors (the “Note Purchase Agreements”). Principal plus accrued interest on the “Convertible Notes” is due in <span style="-sec-ix-hidden:Fact_59d20586110c452dafb8d9af7ac78a71">March 2025</span>, if the notes have not been converted to common stock. In accordance with the Note Purchase Agreements, Digital World received $10,000.0 of proceeds (from these notes) prior to Closing, and the Company received the remaining $40,000.0 immediately after Closing. The $40,000.0 of post-merger cash proceeds is held in a restricted account and will be released upon satisfaction of certain conditions, including the registration of the underlying shares. As a result, the Company had a total of $273,729.2 in cash (including restricted cash) and $50,157.8 of convertible promissory notes outstanding as of March 31, 2024. See the note below titled, “NOTE 9 – CONVERTIBLE PROMISSORY NOTES,” for a detailed description of the Company’s convertible notes. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company has experienced operating losses in preceding years and in the first quarter of 2024. On average, Company operations consumed approximately $12,577.3 of cash per year from its inception (February 8, 2021) through year-end 2023. In addition, for the three months ended March 31, 2024, and 2023, </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">the Company had negative operating cash flows of $9,316.0 and $3,774.5, respectively. As of December 31, 2023, the Company had a negative working capital position, primarily due to the short-term nature of its “Pre-Merger Notes,” which converted to common stock immediately prior to the Closing. Based upon receipt of proceeds from the Business Combination detailed above, and the resulting positive working capital position (i.e., $274,101.1 of current assets less $64,004.8 of current liabilities, including $50,157.8 of convertible notes as of March 31, 2024), management believes there is not substantial doubt regarding the Company’s ability to continue as a going concern as of March 31, 2024, and the substantial doubt as of December 31, 2023, has been mitigated. The Company believes it has sufficient working capital to fund operations for at least the next twelve months from the date of issuance of these financial statements. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Use of Estimates </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates and assumptions reflected in the unaudited condensed consolidated financial statements relate to and include, but are not limited to, the valuation of convertible promissory notes and derivative liabilities. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Principles of Consolidation </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The unaudited condensed consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries and have been prepared in accordance with U.S. GAAP. All intercompany transactions have been eliminated. In October 2021, the Company acquired 100% of the ownership in T Media Tech LLC for a nominal value. The results of T Media Tech LLC since October 13, 2021 are included in the Company’s Condensed Consolidated Statement of Operations. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Cash and cash equivalents and restricted cash </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Cash represents bank accounts and demand deposits held at financial institutions. Cash is held at major financial institutions with an original maturity of 90 days or less and are subject to credit risk to the extent those balances exceed applicable Federal Deposit Insurance Corporation (FDIC) limitations. No losses were incurred for those balances exceeding the limitations. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Restricted cash consist of a holdback from convertible notes which will be released upon satification of certain conditions, including the registration of the underlying shares. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Prepaid expenses and other current assets </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Other current assets consist of prepaid rent, insurance and prepaid data costs. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and Equipment </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment are recorded at cost less accumulated depreciation. Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets. Useful lives for property and equipment are as follows: </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 87.18%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Asset Type</span></div> </td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Range </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Furniture and computer equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">2 - 5 years </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Computer equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">3 years</span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Expenditures which substantially increase value or extend useful lives are capitalized. Expenditures for maintenance and repairs are charged to operations as incurred. Gains and losses are recorded on the disposition or retirement of property and equipment based on the net book value and any proceeds received. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Long-lived fixed assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. Circumstances such as the discontinuation of a line of service, a sudden or consistent decline in the sales forecast for a product, </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">changes in technology or in the way an asset is being used, a history of operating or cash flow losses or an adverse change in legal factors or in TMTG climate, among others, may trigger an impairment review. If such indicators are present, TMTG performs undiscounted cash flow analyses to determine if impairment exists. The asset value would be deemed impaired if the undiscounted cash flows generated did not exceed the carrying value of the asset. If impairment is determined to exist, any related impairment loss is calculated based on fair value. There were no triggering events identified that necessitated an impairment test over property and equipment. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. See Note 4 - Property and equipment for further detail.</span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;"> </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Software Development Cost </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">We expense software development costs, including costs to develop software products or the software component products to be sold, leased, or marketed to external users, before technological feasibility is reached. Technological feasibility typically is reached shortly before the release of such products. As a result, development costs that meet the criteria for capitalization were not material for the periods presented. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Software development costs also includes costs to develop software to be used solely to meet internal needs and cloud-based applications used to deliver our services. We capitalize development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. Costs capitalized for developing such software applications were not material for the periods presented. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Revenue recognition </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company records revenue in accordance with ASC 606. The Company determines the amount of revenue to be recognized through application of the following steps- Identification of the contract, or contracts with a customer; - Identification of the performance obligations in the contract; - Determination of the transaction price; - Allocation of the transaction price to the performance obligations in the contract; and - Recognition of revenue when or as the Company satisfies the performance obligations. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company entered into advertising contractual arrangements with advertising manager service companies. The advertising manager service companies provide advertising services through their Ad Manager Service Platform on the Truth Social website to customers. The Company determines the number of Ad Units available on its Truth Social website. The advertising manager service companies have sole discretion over the terms of the auction and all payments and actions associated therewith. Prices for the Ad Units are set by an auction operated and managed by these companies. The Company has the right to block specific advertisers at its sole reasonable discretion, consistent with applicable laws, rules, regulations, statutes, and ordinances. The Company is an agent in these arrangements, and recognizes revenue for its share in exchange for arranging for the specified advertising to be provided by the advertising manager service companies. The advertising revenues are recognized in the period when the advertising services are provided. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Unearned revenue </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Unearned revenue primarily consists of billings or payments received from customers in advance of revenue recognized for the services provided to our customers or annual licenses and is recognized as services are performed or ratably over the life of the license. We generally invoice customers in advance or in milestone-based installments. Unearned revenue of $695.9 was recognized as revenue for the three months ended March 31, 2024, which was included in the deferred revenue balance as of December 31, 2023. As of March 31, 2024, deferred revenue is expected to be recognized during the succeeding 12-month period and is therefore presented as current. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 13pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Cost of revenue </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Cost of revenue primarily encompasses expenses associated with generating advertising revenue. These costs are determined by allocating staff direct and indirect costs proportionately, including depreciation, based on the time spent managing the agency relationships with external vendors. These costs are confined to activities related to coordinating with these third-party vendors as the third-party vendors are responsible to control and facilitate the delivery of advertising services. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Research and development </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Research and development expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation, for our engineers and other employees engaged in the research and development of our products and services. In addition, research and development expenses include allocated facilities costs, and other supporting overhead costs. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Marketing and sales </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Sales and marketing expenses consist primarily of personnel-related costs, including salaries, commissions, benefits and stock-based compensation for our employees engaged in sales, sales support, business development and media, marketing, and customer service functions. In addition, marketing and sales-related expenses also include advertising costs, market research, trade shows, branding, marketing, public relations costs, allocated facilities costs, and other supporting overhead costs. We expense marketing and sales cost in the period in which they are incurred. For the three months ended March 31, 2024 and 2023, marketing and sales expenses totaled $1,070.4 and $256.1, respectively. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Selling, general and administrative expenses </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">General and administrative expenses consist primarily of personnel-related costs, including salaries, benefits, and stock-based compensation for our executive, finance, legal, information technology, corporate communications, human resources, and other administrative employees. In addition, general and administrative expenses include fees and costs for professional services (including third-party consulting, legal, and accounting services), facilities costs, and other supporting overhead costs that are not allocated to other departments. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Income taxes </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the unaudited condensed consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Income tax amounts are therefore recognized for all situations where the likelihood of realization is greater than 50%. Changes in recognition or measurement are reflected in income tax expense in the period in which the change in judgment occurs. Accrued interest expense and penalties related to uncertain tax positions are recorded in Income Tax Expense/(Benefit). See Note 7 - Income Taxes. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivatives </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, “Derivatives and Hedging”. Derivative instruments are initially recorded at fair value on the grant date and re-valued at each reporting date, with changes in the fair value reported in the statements of operations. Derivative assets and liabilities are classified in the balance sheets as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. The Company accounts for the warrants and earnout in accordance with the guidance contained in ASC 815-40. The Company has determined that the warrants qualify for equity treatment in the Company’s unaudited condensed consolidated financial statements. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Commitments and contingencies </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities for loss contingencies arising from claims, assessments, litigation, fines, and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. The Company has no liabilities for loss contingencies. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Recently issued accounting standards </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In December 2023, the FASB issued Accounting Standards Update, or ASU, 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” or ASU 2023-09. ASU 2023-09 requires additional disaggregated disclosures on an entity’s effective tax rate reconciliation and additional details on income taxes paid. ASU 2023-09 is effective on a prospective basis, with the option for retrospective application, for annual periods beginning after December 15, 2024 and early adoption is permitted. We do not expect the adoption of ASU 2023-09 to have a material impact on our consolidated financial statements. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” or ASU 2023-07. ASU 2023-07 enhances the disclosures required for reportable segments on an annual and interim basis. ASU 2023-07 is effective on a retrospective basis for annual periods beginning after December 15, 2023, for interim periods within fiscal years beginning after December 15, 2024, and early adoption is permitted. We do not expect the adoption of ASU 2023-07 to have a material impact on our consolidated financial statements. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In August 2020, the FASB issued ASU 2020-06</span><span style="font-weight: bold;"><span style="-sec-ix-redline:true;">, “</span></span><span style="-sec-ix-redline:true;">Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”. ASU 2020-06 reduces the number of accounting models for convertible debt instruments and convertible preferred stock. For convertible instruments with conversion features that are not required to be accounted for as derivatives under Topic 815, </span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">Derivatives and Hedging</span></span><span style="-sec-ix-redline:true;">, or that do not result in substantial premiums accounted for as paid-in capital, the embedded conversion features no longer are separated from the host contract. ASU 2020-06 also removes certain conditions that should be considered in the derivatives scope exception evaluation under Subtopic 815-40, </span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">Derivatives and Hedging—Contracts in Entity’s </span><span style="-sec-ix-redline:true;">Own Equity</span></span><span style="-sec-ix-redline:true;">, and clarify the scope and certain requirements under Subtopic 815-40. In addition, ASU 2020-06 improves the guidance related to the disclosures and earnings-per-share (EPS) for convertible instruments and contracts in an entity’s own equity. ASU 2020-06 is effective for public smaller reporting companies for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Board specified that an entity should adopt the guidance as of the beginning of its annual fiscal year. The Company has adopted ASU 2020-06 effective as of January 1, 2024. The adoption of ASU 2020-06 did not have a material effect on the Company’s consolidated financial statements. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 7pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Basis of Presentation </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The accompanying unaudited condensed consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Our interim financial statements are unaudited, and in our opinion, include all adjustments of a normal recurring nature necessary for the fair presentation of the periods presented. The results for the interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2024. These unaudited condensed consolidated financial statements and related notes should be read in conjunction with our unaudited financial statements for the year ended December 31, 2023. </span></div> <div class="h3" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liquidity and going concern </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">TMTG commenced operations on February 8, 2021, and began the initial launch of its social media platform in the first quarter of 2022. In October of 2021, TMTG entered into a definitive merger agreement with DWAC, a special purpose acquisition corporation and a Delaware corporation. The companies consummated the merger on March 25, 2024. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Company operations consumed $47,048.0 of cash from February 8, 2021 (inception) through March 31, 2024, primarily funded by $48,155.0 of proceeds (net of repayments) from the issuance of “Private TMTG” convertible promissory notes (the “Pre-Merger Notes”). The March 25, 2024 Closing triggered the automatic conversion of the “Pre-Merger Notes” to common stock immediately prior to such closing, thus eliminating the liability.</span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Concurrently, TMTG received $273,017.5 of net cash proceeds from the Business Combination, comprised of $233,017.5 of cash and $40,000.0 of restricted cash. Prior to Closing, on February 8, 2024, Digital World agreed to issue up to $50,000.0 of convertible promissory notes (the “Convertible Notes”) to certain institutional investors (the “Note Purchase Agreements”). Principal plus accrued interest on the “Convertible Notes” is due in <span style="-sec-ix-hidden:Fact_59d20586110c452dafb8d9af7ac78a71">March 2025</span>, if the notes have not been converted to common stock. In accordance with the Note Purchase Agreements, Digital World received $10,000.0 of proceeds (from these notes) prior to Closing, and the Company received the remaining $40,000.0 immediately after Closing. The $40,000.0 of post-merger cash proceeds is held in a restricted account and will be released upon satisfaction of certain conditions, including the registration of the underlying shares. As a result, the Company had a total of $273,729.2 in cash (including restricted cash) and $50,157.8 of convertible promissory notes outstanding as of March 31, 2024. See the note below titled, “NOTE 9 – CONVERTIBLE PROMISSORY NOTES,” for a detailed description of the Company’s convertible notes. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company has experienced operating losses in preceding years and in the first quarter of 2024. On average, Company operations consumed approximately $12,577.3 of cash per year from its inception (February 8, 2021) through year-end 2023. In addition, for the three months ended March 31, 2024, and 2023, </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">the Company had negative operating cash flows of $9,316.0 and $3,774.5, respectively. As of December 31, 2023, the Company had a negative working capital position, primarily due to the short-term nature of its “Pre-Merger Notes,” which converted to common stock immediately prior to the Closing. Based upon receipt of proceeds from the Business Combination detailed above, and the resulting positive working capital position (i.e., $274,101.1 of current assets less $64,004.8 of current liabilities, including $50,157.8 of convertible notes as of March 31, 2024), management believes there is not substantial doubt regarding the Company’s ability to continue as a going concern as of March 31, 2024, and the substantial doubt as of December 31, 2023, has been mitigated. The Company believes it has sufficient working capital to fund operations for at least the next twelve months from the date of issuance of these financial statements. </span></div> -47048000 48155000 273017500 233017500 40000000 50000000 10000000 40000000 40000000 273729200 50157800 -12577300 -9316000 -3774500 274101100 64004800 50157800 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Use of Estimates </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates and assumptions reflected in the unaudited condensed consolidated financial statements relate to and include, but are not limited to, the valuation of convertible promissory notes and derivative liabilities. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Principles of Consolidation </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The unaudited condensed consolidated financial statements include the financial statements of the Company and its wholly owned subsidiaries and have been prepared in accordance with U.S. GAAP. All intercompany transactions have been eliminated. In October 2021, the Company acquired 100% of the ownership in T Media Tech LLC for a nominal value. The results of T Media Tech LLC since October 13, 2021 are included in the Company’s Condensed Consolidated Statement of Operations. </span></div> 1 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Cash and cash equivalents and restricted cash </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Cash represents bank accounts and demand deposits held at financial institutions. Cash is held at major financial institutions with an original maturity of 90 days or less and are subject to credit risk to the extent those balances exceed applicable Federal Deposit Insurance Corporation (FDIC) limitations. No losses were incurred for those balances exceeding the limitations. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Restricted cash consist of a holdback from convertible notes which will be released upon satification of certain conditions, including the registration of the underlying shares. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Prepaid expenses and other current assets </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Other current assets consist of prepaid rent, insurance and prepaid data costs. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 16pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and Equipment </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment are recorded at cost less accumulated depreciation. Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets. Useful lives for property and equipment are as follows: </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 87.18%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Asset Type</span></div> </td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Range </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Furniture and computer equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">2 - 5 years </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Computer equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">3 years</span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Expenditures which substantially increase value or extend useful lives are capitalized. Expenditures for maintenance and repairs are charged to operations as incurred. Gains and losses are recorded on the disposition or retirement of property and equipment based on the net book value and any proceeds received. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Long-lived fixed assets held and used are reviewed for impairment when events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable. Circumstances such as the discontinuation of a line of service, a sudden or consistent decline in the sales forecast for a product, </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">changes in technology or in the way an asset is being used, a history of operating or cash flow losses or an adverse change in legal factors or in TMTG climate, among others, may trigger an impairment review. If such indicators are present, TMTG performs undiscounted cash flow analyses to determine if impairment exists. The asset value would be deemed impaired if the undiscounted cash flows generated did not exceed the carrying value of the asset. If impairment is determined to exist, any related impairment loss is calculated based on fair value. There were no triggering events identified that necessitated an impairment test over property and equipment. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. See Note 4 - Property and equipment for further detail.</span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment are recorded at cost less accumulated depreciation. Depreciation is calculated on the straight-line basis over the estimated useful lives of the assets. Useful lives for property and equipment are as follows: </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 87.18%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Asset Type</span></div> </td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Range </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Furniture and computer equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">2 - 5 years </span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Computer equipment</span></div> </td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.67%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.49%; text-align: center; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">3 years</span></div> </td> </tr> </table> P2Y P5Y P3Y <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Software Development Cost </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">We expense software development costs, including costs to develop software products or the software component products to be sold, leased, or marketed to external users, before technological feasibility is reached. Technological feasibility typically is reached shortly before the release of such products. As a result, development costs that meet the criteria for capitalization were not material for the periods presented. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Software development costs also includes costs to develop software to be used solely to meet internal needs and cloud-based applications used to deliver our services. We capitalize development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. Costs capitalized for developing such software applications were not material for the periods presented. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Revenue recognition </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company records revenue in accordance with ASC 606. The Company determines the amount of revenue to be recognized through application of the following steps- Identification of the contract, or contracts with a customer; - Identification of the performance obligations in the contract; - Determination of the transaction price; - Allocation of the transaction price to the performance obligations in the contract; and - Recognition of revenue when or as the Company satisfies the performance obligations. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company entered into advertising contractual arrangements with advertising manager service companies. The advertising manager service companies provide advertising services through their Ad Manager Service Platform on the Truth Social website to customers. The Company determines the number of Ad Units available on its Truth Social website. The advertising manager service companies have sole discretion over the terms of the auction and all payments and actions associated therewith. Prices for the Ad Units are set by an auction operated and managed by these companies. The Company has the right to block specific advertisers at its sole reasonable discretion, consistent with applicable laws, rules, regulations, statutes, and ordinances. The Company is an agent in these arrangements, and recognizes revenue for its share in exchange for arranging for the specified advertising to be provided by the advertising manager service companies. The advertising revenues are recognized in the period when the advertising services are provided. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 13.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Unearned revenue </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Unearned revenue primarily consists of billings or payments received from customers in advance of revenue recognized for the services provided to our customers or annual licenses and is recognized as services are performed or ratably over the life of the license. We generally invoice customers in advance or in milestone-based installments. Unearned revenue of $695.9 was recognized as revenue for the three months ended March 31, 2024, which was included in the deferred revenue balance as of December 31, 2023. As of March 31, 2024, deferred revenue is expected to be recognized during the succeeding 12-month period and is therefore presented as current. </span></div> 695900 P12M <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 13pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Cost of revenue </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Cost of revenue primarily encompasses expenses associated with generating advertising revenue. These costs are determined by allocating staff direct and indirect costs proportionately, including depreciation, based on the time spent managing the agency relationships with external vendors. These costs are confined to activities related to coordinating with these third-party vendors as the third-party vendors are responsible to control and facilitate the delivery of advertising services. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Research and development </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Research and development expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation, for our engineers and other employees engaged in the research and development of our products and services. In addition, research and development expenses include allocated facilities costs, and other supporting overhead costs. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Marketing and sales </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Sales and marketing expenses consist primarily of personnel-related costs, including salaries, commissions, benefits and stock-based compensation for our employees engaged in sales, sales support, business development and media, marketing, and customer service functions. In addition, marketing and sales-related expenses also include advertising costs, market research, trade shows, branding, marketing, public relations costs, allocated facilities costs, and other supporting overhead costs. We expense marketing and sales cost in the period in which they are incurred. For the three months ended March 31, 2024 and 2023, marketing and sales expenses totaled $1,070.4 and $256.1, respectively. </span></div> 1070400 256100 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Selling, general and administrative expenses </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">General and administrative expenses consist primarily of personnel-related costs, including salaries, benefits, and stock-based compensation for our executive, finance, legal, information technology, corporate communications, human resources, and other administrative employees. In addition, general and administrative expenses include fees and costs for professional services (including third-party consulting, legal, and accounting services), facilities costs, and other supporting overhead costs that are not allocated to other departments. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Income taxes </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the unaudited condensed consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Income tax amounts are therefore recognized for all situations where the likelihood of realization is greater than 50%. Changes in recognition or measurement are reflected in income tax expense in the period in which the change in judgment occurs. Accrued interest expense and penalties related to uncertain tax positions are recorded in Income Tax Expense/(Benefit). See Note 7 - Income Taxes. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivatives </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, “Derivatives and Hedging”. Derivative instruments are initially recorded at fair value on the grant date and re-valued at each reporting date, with changes in the fair value reported in the statements of operations. Derivative assets and liabilities are classified in the balance sheets as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. The Company accounts for the warrants and earnout in accordance with the guidance contained in ASC 815-40. The Company has determined that the warrants qualify for equity treatment in the Company’s unaudited condensed consolidated financial statements. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Commitments and contingencies </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities for loss contingencies arising from claims, assessments, litigation, fines, and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. The Company has no liabilities for loss contingencies. </span></div> 0 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Recently issued accounting standards </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In December 2023, the FASB issued Accounting Standards Update, or ASU, 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” or ASU 2023-09. ASU 2023-09 requires additional disaggregated disclosures on an entity’s effective tax rate reconciliation and additional details on income taxes paid. ASU 2023-09 is effective on a prospective basis, with the option for retrospective application, for annual periods beginning after December 15, 2024 and early adoption is permitted. We do not expect the adoption of ASU 2023-09 to have a material impact on our consolidated financial statements. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In November 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” or ASU 2023-07. ASU 2023-07 enhances the disclosures required for reportable segments on an annual and interim basis. ASU 2023-07 is effective on a retrospective basis for annual periods beginning after December 15, 2023, for interim periods within fiscal years beginning after December 15, 2024, and early adoption is permitted. We do not expect the adoption of ASU 2023-07 to have a material impact on our consolidated financial statements. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In August 2020, the FASB issued ASU 2020-06</span><span style="font-weight: bold;"><span style="-sec-ix-redline:true;">, “</span></span><span style="-sec-ix-redline:true;">Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”. ASU 2020-06 reduces the number of accounting models for convertible debt instruments and convertible preferred stock. For convertible instruments with conversion features that are not required to be accounted for as derivatives under Topic 815, </span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">Derivatives and Hedging</span></span><span style="-sec-ix-redline:true;">, or that do not result in substantial premiums accounted for as paid-in capital, the embedded conversion features no longer are separated from the host contract. ASU 2020-06 also removes certain conditions that should be considered in the derivatives scope exception evaluation under Subtopic 815-40, </span><span style="font-style: italic;"><span style="-sec-ix-redline:true;">Derivatives and Hedging—Contracts in Entity’s </span><span style="-sec-ix-redline:true;">Own Equity</span></span><span style="-sec-ix-redline:true;">, and clarify the scope and certain requirements under Subtopic 815-40. In addition, ASU 2020-06 improves the guidance related to the disclosures and earnings-per-share (EPS) for convertible instruments and contracts in an entity’s own equity. ASU 2020-06 is effective for public smaller reporting companies for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Board specified that an entity should adopt the guidance as of the beginning of its annual fiscal year. The Company has adopted ASU 2020-06 effective as of January 1, 2024. The adoption of ASU 2020-06 did not have a material effect on the Company’s consolidated financial statements. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 3 - RECAPITALIZATION </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">As discussed in Note 1, following the Closing of the Business Combination, TMTG was deemed the accounting acquirer and the transaction was accounted for as a reverse recapitalization. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Transaction Proceeds </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Upon the Closing, the Company received gross proceeds of $233,017.5. <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The following table reconciles the elements of the Business Combination to the condensed consolidated statements of cash flows and the condensed consolidated statement of changes in stockholders’ equity (deficit) for the period ended March 31, 2024: </span></span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Cash-trust and cash, net of redemptions</span></div> </td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 8.55%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">233,017.5</span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Add: other assets</span></div> </td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 8.55%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: accrued expenses</span></div> </td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 8.55%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.67pt;"><span style="-sec-ix-redline:true;">(3,292.9)</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: notes payable</span></div> </td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 8.55%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 1.67pt; border-bottom: 1pt solid #000000; min-width: 40pt;"><span style="-sec-ix-redline:true;">(10,103.0)</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Reverse recapitalization, net</span></div> </td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 8.55%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 40pt;"><span style="-sec-ix-redline:true;">219,621.6</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In connection with the Merger, TMTG incurred $1,640.2 in one-time direct and incremental transaction costs, consisting of legal and other professional fees, recorded in general and administration expenses. TMTG also issued $6,130.0 of bonus payments to employees of the Company and a director of Private TMTG that were triggered by the Merger. The Company recorded $5,530.0 and $600.0 in general and administration expense and sales and marketing expense, respectively, for the three months ended March 31, 2024. TMTG deems these to be non-recurring expenses that are not direct and incremental to the Merger. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The number of shares of common stock issued immediately following the consummation of the Business Combination were: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Digital World common stock, outstanding prior to the Business Combination</span></div> </td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 10.68%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">39,636,904</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;"><span style="-sec-ix-redline:true;">Shares issued to Digital World convertible noteholders, converted immediately prior to Business Combination</span></div> </td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 10.68%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;"><span style="-sec-ix-redline:true;">1,709,145</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Predecessor TMTG Shares</span>^{<span style="-sec-ix-redline:true;">(1)</span>}</div> </td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 10.68%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">87,500,000</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Shares Issued to TMTG convertible noteholders</span></div> </td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 10.68%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">7,854,534</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Common stock immediately after the Business Combination</span>^{<span style="-sec-ix-redline:true;">(2)</span>}</div> </td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 10.68%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">136,700,583</span></span></div> </td> </tr> </table> <div class="rule-partial" style="height: 0pt; width: 72pt; border-bottom: 1pt solid #000000; margin-bottom: 1pt; margin-right: auto; margin-left: 0pt; margin-top: 12.75pt;"> <br/></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"><span style="-sec-ix-redline:true;">(1)</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: left;"><span style="-sec-ix-redline:true;">Includes 614,640 shares outstanding and held in escrow. </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-size: 8pt;"><span style="-sec-ix-redline:true;">(2)</span></td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: left;"><span style="-sec-ix-redline:true;">Excludes 4,667,033 shares not outstanding and held in escrow. </span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The number of Predecessor TMTG shares was determined as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Predecessor TMTG </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Shares</span></div> </td> <td class="gutter" style="width: 1.12%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Shares issued to </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">shareholders of </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Predecessor TMTG </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Common stock</span></div> </td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.77pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">100,000,000</span></span></div> </td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.77pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">87,500,000</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.77pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">100,000,000</span></span></div> </td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.77pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">$87,500,000</span></span></div> </td> </tr> </table> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 12.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Public and private placement warrants </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In connection with Digital World's initial public offering in 2021, 14,375,000 public warrants were issued (the “Public Warrants”) and 566,742 warrants were issued in a private placement (the “Private Placement Warrants”; and the Private Placement Warrants together with the Public Warrants, collectively the “Warrants”) all of which warrants remained outstanding and became warrants for the Common Stock in the Company. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Additionally, pursuant to warrant subscription agreements (each a “Warrant Subscription Agreement”) entered into by and between Digital World and certain institutional investors on February 7, 2024, Digital World has agreed to issue an aggregate of 3,055,000 warrants (“Post-IPO Warrants”), each warrant entitling the holder thereof to purchase one share of the Company’s Class A common stock for $11.50 per share. The Post-IPO Warrants were issued concurrently with the closing of the Business Combination, and have substantially the same terms as the public warrants issued by Digital World in connection with its initial public offering, except that such Post-IPO Warrants may only be transferred to the applicable holder’s affiliates. </span></div> <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 14.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">TMTG Earnout Shares </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">As noted in Note 1, in connection with the Merger, TMTG shareholders are entitled to up to 40,000,000 shares if certain post merger per share market prices are achieved.</span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company utilized a Monte Carlo simulation analysis to determine the fair value of the Earnout Shares at the date of the merger, which included the following assumptions: </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Monte Carlo simulation conclusion for each tranche of the Earnout Shares is the result of the average of 1,000,000 trial outcomes. Within each trial of the simulation: </span></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">1.</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">The stock price is simulated for the defined term (1.5 years, 2 years, and 3 years) after the Merger date. </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">2.</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">The vest date is determined as the date the stock price achieves the different stock price thresholds, which are $12.50, $15.00, and $17.50. </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">3.</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">The payoff is calculated as the number of shares issued per tranche (15 million, 15 million, and 10 million) multiplied by the simulated stock price at the vest date, which varies with each simulation. </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 6pt; margin-left: 20pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;">4.</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">The payoff is discounted to the present value using the interpolated risk-free rate ranging from 4.31% to 4.70%. </span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Volatility is calculated as the annualized standard deviation of daily returns from a set of Guideline Public Companies (GPC) over the expected term for each tranche. The 75th percentile of GPC volatilities was selected given the Company’s early stage life cycle relative to the GPC set. The accounting for the Earnout Shares was first evaluated under ASC 718 to determine if the arrangement represents a share-based payment arrangement. Because there are no service conditions nor any requirement of the participants to provide goods or services, the Company determined that the Earnout Shares are not within the scope of ASC 718.</span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Next, the Company determined that the Earnout Shares represent a freestanding equity-linked financial instrument to be evaluated under ASC 480 and ASC 815-40. Based upon the analysis, the Company concluded that the Earnout Shares should not be classified as a liability under ASC 480.</span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company next considered the equity classification conditions in ASC 815-40-25 and concluded that all of the conditions were met. Therefore, the Earnout Share arrangement is appropriately classified in equity.</span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">As the merger has been accounted for as a reverse recapitalization, the fair value of the Earnout Shares arrangement has been accounted for as an equity transaction as of the closing date of the merger. </span></div> 233017500 <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The following table reconciles the elements of the Business Combination to the condensed consolidated statements of cash flows and the condensed consolidated statement of changes in stockholders’ equity (deficit) for the period ended March 31, 2024: </span> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Cash-trust and cash, net of redemptions</span></div> </td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 8.55%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">233,017.5</span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Add: other assets</span></div> </td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 8.55%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 30pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: accrued expenses</span></div> </td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 8.55%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 6.67pt;"><span style="-sec-ix-redline:true;">(3,292.9)</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: notes payable</span></div> </td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 8.55%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 1.67pt; border-bottom: 1pt solid #000000; min-width: 40pt;"><span style="-sec-ix-redline:true;">(10,103.0)</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Reverse recapitalization, net</span></div> </td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 2.14%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 8.55%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 40pt;"><span style="-sec-ix-redline:true;">219,621.6</span></span></div> </td> </tr> </table> 233017500 0 3292900 10103000 219621600 1640200 6130000 5530000 600000 <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The number of shares of common stock issued immediately following the consummation of the Business Combination were: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Digital World common stock, outstanding prior to the Business Combination</span></div> </td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 10.68%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 6pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">39,636,904</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-indent: -10pt; text-align: left;"><span style="-sec-ix-redline:true;">Shares issued to Digital World convertible noteholders, converted immediately prior to Business Combination</span></div> </td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 10.68%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt;"><span style="-sec-ix-redline:true;">1,709,145</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Predecessor TMTG Shares</span>^{<span style="-sec-ix-redline:true;">(1)</span>}</div> </td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 10.68%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">87,500,000</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Shares Issued to TMTG convertible noteholders</span></div> </td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 10.68%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">7,854,534</span></span></div> </td> </tr> <tr> <td style="width: 87.18%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Common stock immediately after the Business Combination</span>^{<span style="-sec-ix-redline:true;">(2)</span>}</div> </td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.07%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 10.68%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">136,700,583</span></span></div> </td> </tr> </table> <div class="rule-partial" style="height: 0pt; width: 72pt; border-bottom: 1pt solid #000000; margin-bottom: 1pt; margin-right: auto; margin-left: 0pt; margin-top: 12.75pt;"> <br/></div> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt;"><span style="-sec-ix-redline:true;">(1)</span><br/> </div> </td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: left;"><span style="-sec-ix-redline:true;">Includes 614,640 shares outstanding and held in escrow. </span></div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="margin-top: 3pt; margin-left: 0pt;"> <tr> <td style="width: 20pt; text-align: left; vertical-align: top; font-family: 'Times New Roman',Times,serif; font-size: 8pt;"><span style="-sec-ix-redline:true;">(2)</span></td> <td style="vertical-align: top;"> <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; text-align: left;"><span style="-sec-ix-redline:true;">Excludes 4,667,033 shares not outstanding and held in escrow. </span></div> </td> </tr> </table> 39636904 1709145 87500000 7854534 136700583 614640 4667033 <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The number of Predecessor TMTG shares was determined as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Predecessor TMTG </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Shares</span></div> </td> <td class="gutter" style="width: 1.12%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Shares issued to </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">shareholders of </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Predecessor TMTG </span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Common stock</span></div> </td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.77pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">100,000,000</span></span></div> </td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.77pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">87,500,000</span></span></div> </td> </tr> <tr> <td style="width: 66.67%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.77pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">100,000,000</span></span></div> </td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.12%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.43%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 8.77pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 50pt;"><span style="-sec-ix-redline:true;">$87,500,000</span></span></div> </td> </tr> </table> 100000000 87500000 100000000 87500000 14375000 566742 3055000 1 11.5 40000000 1000000 P1Y6M P2Y P3Y 12.5 15 17.5 15000000 15000000 10000000 0.0431 0.047 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 4 - PROPERTY AND EQUIPMENT </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment consist of the following: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 2pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468.1pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 71.78%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment</span> </div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Furniture and equipment</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.72pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">34.5</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">34.5 </span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Computer equipment</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.72pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">120.8</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">120.8</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Accumulated depreciation</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.72pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">(131.7)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">(126.1)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment, net</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.72pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">23.7</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">29.2</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Total depreciation expense was $5.6 and $16.5 for the three months ended March 31, 2024 and 2023, respectively </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment consist of the following: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 2pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468.1pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 71.78%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment</span> </div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Furniture and equipment</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.72pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">34.5</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">34.5 </span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Computer equipment</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.72pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">120.8</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">120.8</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Accumulated depreciation</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.72pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">(131.7)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">(126.1)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Property and equipment, net</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.72pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">23.7</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.5pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 30.83pt;"><span style="-sec-ix-redline:true;">29.2</span></span></div> </td> </tr> </table> 34500 34500 120800 120800 131700 126100 23700 29200 5600 16500 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 5 </span><span style="-sec-ix-redline:true;">- ACCOUNTS PAYABLE AND ACCRUED EXPENSES </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Accounts payable and accrued expenses consisted of the following: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 2pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468.1pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 71.78%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Accounts payable</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.64pt; text-align: left;"><span style="-sec-ix-redline:true;">$1,147.7</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.41pt; text-align: left;"><span style="-sec-ix-redline:true;">$1,600.7 </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Other accrued expenses</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.64pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">5,526.1</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.41pt; text-align: left;"><span style="padding-left: 25pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Income tax payable</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.64pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">2,522.7</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.41pt; text-align: left;"><span style="padding-left: 25pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Franchise tax payable</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.64pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; min-width: 35pt;"><span style="-sec-ix-redline:true;">508.2</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.41pt; text-align: left;"><span style="padding-left: 25pt; border-bottom: 1pt solid #000000; min-width: 35pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Accounts payable and accrued expenses</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.64pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 35pt;"><span style="-sec-ix-redline:true;">$9,704.7</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.41pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 35pt;"><span style="-sec-ix-redline:true;">$1,600.7</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Accounts payable and accrued expenses consisted of the following: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 2pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468.1pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 71.78%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Accounts payable</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.64pt; text-align: left;"><span style="-sec-ix-redline:true;">$1,147.7</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.41pt; text-align: left;"><span style="-sec-ix-redline:true;">$1,600.7 </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Other accrued expenses</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.64pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">5,526.1</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.41pt; text-align: left;"><span style="padding-left: 25pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Income tax payable</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.64pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">2,522.7</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.41pt; text-align: left;"><span style="padding-left: 25pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Franchise tax payable</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.64pt; text-align: left;"><span style="padding-left: 12.5pt; border-bottom: 1pt solid #000000; min-width: 35pt;"><span style="-sec-ix-redline:true;">508.2</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.41pt; text-align: left;"><span style="padding-left: 25pt; border-bottom: 1pt solid #000000; min-width: 35pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Accounts payable and accrued expenses</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 9.64pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 35pt;"><span style="-sec-ix-redline:true;">$9,704.7</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.41pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 35pt;"><span style="-sec-ix-redline:true;">$1,600.7</span></span></div> </td> </tr> </table> 1147700 1600700 5526100 0 2522700 0 508200 0 9704700 1600700 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 18.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 6 - LEASES </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating leases are included in the unaudited condensed consolidated Balance Sheets as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 2pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 51.28%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Classification</span></div> </td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease assets</span> </div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease cost ROU assets, net</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_d2aebb8c9bcf468bade6bdac169027e7"><span style="-sec-ix-hidden:Fact_25af5d207fb04d62b894e1755d770d95">Assets</span></span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$313.8</span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$353.2 </span></span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease assets</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$313.8</span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$353.2</span></span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease liabilities</span> </div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease liabilities, current</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_6c09199c02aa46be8b5424d0267fc803"><span style="-sec-ix-hidden:Fact_64d569abaa34417b8a3f114f89a3a975">Current liabilities</span></span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="-sec-ix-redline:true;">$163.1</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="-sec-ix-redline:true;">$160.3 </span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease liabilities, non-current</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_b3859323297f4969b9d4a365fdb41afc"><span style="-sec-ix-hidden:Fact_45a1effb3030495d8d54c46f73dac2df">Liabilities</span></span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">159.8</span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">201.6 </span></span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease liabilities</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$322.9</span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$361.9</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The components of lease costs, which are included in loss from operations in our unaudited condensed consolidated Statement of Operations we as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="4" style="width: 25.7%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Three Month Period Ended </span></div> </td> </tr> <tr class="header"> <td style="width: 71.79%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease costs</span> </div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease costs</span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.89pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 22.5pt;"><span style="-sec-ix-redline:true;">44.8 </span></span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.89pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 22.5pt;"><span style="-sec-ix-redline:true;">44.8 </span></span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease costs</span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.89pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 22.5pt;"><span style="-sec-ix-redline:true;">$44.8</span></span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.89pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 22.5pt;"><span style="-sec-ix-redline:true;">$44.8</span></span></div> </td> </tr> </table> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468.28pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 87.13%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024 </span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2024 (remainder of)</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="-sec-ix-redline:true;">$136.1 </span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2025</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">185.8</span></span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2026</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">31.3</span></span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total future minimum lease payments</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="-sec-ix-redline:true;">$353.2 </span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Amount representing interest</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">30.3</span></span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Present value of net future minimum lease payments</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">322.9</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 7.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating leases are included in the unaudited condensed consolidated Balance Sheets as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 2pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 51.28%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Classification</span></div> </td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease assets</span> </div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease cost ROU assets, net</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_d2aebb8c9bcf468bade6bdac169027e7"><span style="-sec-ix-hidden:Fact_25af5d207fb04d62b894e1755d770d95">Assets</span></span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$313.8</span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$353.2 </span></span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease assets</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$313.8</span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$353.2</span></span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease liabilities</span> </div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease liabilities, current</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_6c09199c02aa46be8b5424d0267fc803"><span style="-sec-ix-hidden:Fact_64d569abaa34417b8a3f114f89a3a975">Current liabilities</span></span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="-sec-ix-redline:true;">$163.1</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="-sec-ix-redline:true;">$160.3 </span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease liabilities, non-current</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: -0.01pt; text-align: left;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_b3859323297f4969b9d4a365fdb41afc"><span style="-sec-ix-hidden:Fact_45a1effb3030495d8d54c46f73dac2df">Liabilities</span></span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">159.8</span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">201.6 </span></span></div> </td> </tr> <tr> <td style="width: 51.28%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease liabilities</span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 15.19%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$322.9</span></span></div> </td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.31%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 19.16pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">$361.9</span></span></div> </td> </tr> </table> 313800 353200 313800 353200 163100 160300 159800 201600 322900 361900 <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The components of lease costs, which are included in loss from operations in our unaudited condensed consolidated Statement of Operations we as follows: </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="4" style="width: 25.7%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Three Month Period Ended </span></div> </td> </tr> <tr class="header"> <td style="width: 71.79%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lease costs</span> </div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Operating lease costs</span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.89pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 22.5pt;"><span style="-sec-ix-redline:true;">44.8 </span></span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.89pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 22.5pt;"><span style="-sec-ix-redline:true;">44.8 </span></span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total lease costs</span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.89pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 22.5pt;"><span style="-sec-ix-redline:true;">$44.8</span></span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 15.89pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 22.5pt;"><span style="-sec-ix-redline:true;">$44.8</span></span></div> </td> </tr> </table> 44800 44800 44800 44800 <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468.28pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 87.13%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024 </span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2024 (remainder of)</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="-sec-ix-redline:true;">$136.1 </span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2025</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">185.8</span></span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2026</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">31.3</span></span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total future minimum lease payments</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="-sec-ix-redline:true;">$353.2 </span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Amount representing interest</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">30.3</span></span></div> </td> </tr> <tr> <td style="width: 87.13%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Present value of net future minimum lease payments</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.59%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 13.39pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 3pt double #000000; min-width: 27.5pt;"><span style="-sec-ix-redline:true;">322.9</span></span></div> </td> </tr> </table> 136100 185800 31300 353200 30300 322900 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 15.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 7 - INCOME TAXES </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The estimated annual effective tax rate applied to the three month periods ended March 31, 2023 is 0%, which differs from the US federal statutory rate of 21% principally due to the projection of U.S. net operating loss for fiscal 2024 with full application of a valuation allowance. As of March 31, 2024, TMTG had US Federal net operating loss carryforwards (“NOLs”) with a tax benefit of approximately $9,400.0 from December 31, 2023. </span></div> 0 0.21 9400000 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 17.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 8 – OTHER INCOME – RELATED PARTY, RELATED PARTY RECEIVABLE AND PAYABLE </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 7pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Administrative Services Arrangement </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">An affiliate of the Digital World sponsor ARC agreed, commencing from the date when Digital World’s Registration Statement was declared effective through the earlier of Digital World’s consummation of a Business Combination and its liquidation, to make available to the Digital World certain general and administrative services, including office space, utilities and administrative services, as Digital World required from time to time. Digital World agreed to pay the affiliate of the Sponsor $15.0 per month for these services. The agreement with the Sponsor was terminated on April 5, 2023. $221.0 was unpaid as of March 31, 2024. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 17.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Advances – related party </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">During 2022 and the year ended December 31, 2023, the Digital World Sponsor paid, on behalf of Digital World, $470.8 to a vendor for costs incurred by Digital World and $41.0 directly to Digital World. As of March 31, 2024, the Company’s obligation to the Sponsor for such payments was outstanding in the amount of $41.0. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Effective June 13, 2022, Private TMTG entered into a Consulting Services Agreement with Trishul, LLC (“Trishul”). Pursuant to such agreement and subsequent performance by the parties thereto, Trishul provided consulting services to Private TMTG until the consulting relationship was terminated by Private TMTG effective March 25, 2024, upon the Closing of the Business Combination. During the three months ended March 31, 2024 and 2023, TMTG paid $30.0 and $40.0, respectively, to Trishul. As of March 31, 2024 and 2023, TMTG had an outstanding payable balance of zero and $10.0, respectively to Trishul. The outstanding payable balance at December 31, 2023 was zero. Trishul is owned by Kashyap “Kash” Patel, a director of TMTG since March 25, 2024, and previously a director of Private TMTG from March 11, 2022, until March 26, 2024. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In August 2021, Private TMTG entered into a Consulting Services Agreement with Hudson Digital, LLC (“Hudson Digital”). Pursuant to the agreement, which as amended expires December 31, 2024, Hudson Digital provides consulting services to TMTG. Hudson Digital also received a TMTG Executive Promissory Note in the principal amount of $4,000.0, which converted into common shares immediately before the Closing (along with all other Private TMTG Convertible Notes), and a $600.0 retention bonus following the Closing. During the </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">three months ended March 31, 2024 and 2023, we paid $60.0 to Hudson Digital. As of March 31, 2024 and 2023, TMTG had an outstanding payable balance of $600.0 and zero, respectively to Hudson Digital, recorded within accounts payable and accrued liabilities on the condensed consolidated balance sheet. Hudson Digital is owned by Daniel Scavino, who served as a director of Private TMTG from February 16, 2023, until March 25, 2024. Mr. Scavino has not served as an officer or director of TMTG. </span></div> 15000 221000 470800 470800 41000 41000 41000 30000 40000 0 10000 0 4000000 600000 60000 60000 600000 0 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 14pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 9 – CONVERTIBLE PROMISSORY NOTES AND WARRANTS </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 1 to 7 were Convertible Promissory Notes issued from May 2021 through October 2021 with a cumulative face value of $5,340.0, maturity of 24 months from each respective issuance date and interest was accrued at 5% based on the simple interest method (365 days year) for each note. Each of Notes 1-7 contemplated multiple plausible outcomes that include conversion upon a Qualified SPAC Business Combination (“SPAC”) and at least one of the following conversion triggers: Qualified Initial Public Offering (“IPO”), private equity transaction and/or change of control. All outstanding principal of these Notes, together with all accrued but unpaid interest on such principal, will convert to equity. The number of shares of Company stock to be issued to the Lender upon conversion of the Notes in the event of a completed SPAC transaction would be the number of shares of the Company Stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding, divided by $4.00. In other, non-SPAC conversion scenarios, the number of shares of Company stock to be issued to the Lender upon conversion of the Notes was variable based on the application of an automatic discounted share-settlement feature. For Notes 1 and 2, the number of shares of Company stock to be issued to the Lender upon a non-SPAC conversion event would be the number of shares of Company stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding (b) divided by 40% of the initial public offering price per share of a qualified initial public offering. For Notes 3-7, the number of shares of Company stock to be issued to the Lender upon a non-SPAC conversion event would be the number of shares of Company stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding (b) divided by 40% of (i) the initial public offering price per share of a qualified initial public offering, (ii) the price per share as determined by the valuation of the Company in connection with a qualified private equity raise, or (iii) in the case of a change of control, the price per share determined in accordance with the Company’s then current fair value determined by an independent valuation firm. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 8 to 12 were Convertible Promissory Notes issued from November 2021 through December 2021 with a cumulative face value of $17,500.0, maturity of between 18 months and 36 months and interest was accrued at a range between 5% and 10% based on the simple interest method (365 days year) for each note. Notes 8 to 12 were convertible simultaneously with the completion of a SPAC merger agreement or IPO. All outstanding principal of these Notes, together with all accrued but unpaid interest on such principal, would convert to equity. The number of shares of Company stock to be issued to the Lender upon conversion of the Notes would be the number of shares of the Company Stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding (b) divided by either $25, $21 or $20 subject to the respective conditions of the individual Notes; provided, however, in the event that the stock price quoted for the Company on NASDAQ or The New York Stock Exchange (as applicable) at the time of the closing of the Qualified SPAC Business Combination (the “TMTG Stock Price”) is less than either $50 per share, $42 per share, $40 per share subject to the respective conditions of the individual Notes, then the Conversion Price would be reset to 50% of the then current TMTG Stock Price subject to a floor of $10 per share. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 13 to 18 were Convertible Promissory Notes issued from January 2022 through March 2022. Note 19 was issued on August 23, 2023. Notes 13 to 19 were Convertible Promissory Notes issued with a cumulative face value of $18,360.0, maturity of 18 months and interest will be accrued at a range between 5% and 10% based on the simple interest method (365 days year) for each note. Notes 13 to 19 were convertible simultaneously with the completion of a Qualified SPAC Business Combination (“SPAC”) merger agreement or Qualified Initial Public Offering (“IPO”). All outstanding principal of these Notes, together with all accrued but unpaid interest on such principal, would convert to equity. The number of shares of Company stock to be issued to the Lender upon conversion of the Notes would be the number of shares of the Company Stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding (b) divided by either $25 or $21 subject to the respective conditions of the individual notes. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 20 to 23 were Convertible Promissory Notes issued from November 2023 through March 2024 with a cumulative face value of $7,955.0, maturity of 18 months and interest will be accrued at 10% based on the simple interest method (365 days year) for each note. Notes 20 to 23 were convertible with the completion of a Qualified SPAC Business Combination (“SPAC”) merger agreement or Qualified Initial Public Offering (“IPO”). The outstanding principal of the Notes, accrued but unpaid interest on such principal, would convert to equity. The number of shares of Company stock to be issued to the Lender upon conversion of the Notes in the event of a SPAC transaction shall be the number of shares of the Company Stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding (b) divided by $10. The number of shares of Company stock to be issued to the Lender upon conversion of the Notes in the event of an IPO would be the number of shares of the Company Stock (rounded to the nearest whole share) equal to the quotient of: (a) the principal plus accrued interest on the Notes then outstanding (b) divided by 50% of the IPO price per share. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Convertible notes and warrants - February 8, 2024 - Pursuant to a note purchase agreement entered into by and between Digital World and certain institutional investors on February 8, 2024 (the “Note Purchase Agreement”), Digital World agreed to issue up to $50,000.0 in convertible promissory notes (the “Convertible Notes”). The Convertible Notes: (a) accrue interest at an annual rate of 8.00% and are payable on the earlier of (i) the date that is 12 months after the date on which the Company consummates the Business Combination, which interest is not payable to the extent the holder exercises the conversion right and (ii) the date that the winding up of the Company is effective (such date, the “Maturity Date”); (b) are convertible (i) at any time following the consummation of the Business Combination, but prior to the Maturity Date, redemption or otherwise the repayment in full of the Convertible Notes, at each holder’s option, in whole or in part, and subject to the terms and conditions of the Convertible Notes, including any required shareholders’ approval upon the consummation of the Business Combination and (ii) into that number of Digital World Class A common stock and warrants included in the units, each unit consisting of one share of Class A common stock of the Company and <span style="-sec-ix-hidden:Fact_85de055b6b804ba69f4afdbe97c495b8">one-half</span> of one warrant of the Company (the “Conversion Units”), equivalent to (A) the portion of the principal amount of the applicable Convertible Note (excluding any accrued interest, which shall not be payable with respect to the Convertible Note that was converted) being converted, divided by (B) $8.00 (the “Conversion Price”); (c) may be redeemed by Digital World, in whole or in part, commencing on the date on which all Digital World Class A common stock issuable to the holders has been registered with the SEC, by providing a 10-day notice of such redemption (the “Redemption Right”), which Redemption Right is contingent upon the trading price of the Digital World Class A common stock exceeding 130% of the applicable conversion price on at least 3 trading days, whether consecutive or not, within the 15 consecutive trading days ending on the day immediately preceding the day on which a redemption notice is issued by Digital World; (d) are initially drawable for 20% of the applicable investor’s commitment amount and a final drawdown for the remaining 80% to occur upon the closing of the Business Combination, with the proceeds of such final drawdown to be deposited into a control account as indicated by the Company (the “Control Account”). The proceeds from such final drawdown deposited into the Control Account shall remain therein and may not be withdrawn by the Company until such time as (i) the Company exercises the Redemption Rights using the proceeds in the Control Account, (ii) any portion of the applicable Convertible Note has been converted, at which time such portion shall be released from the Control Account or (iii) if prior to the conversion, a resale registration statement of the Company covering all common stock issued pursuant to the Convertible Note has been declared effective by the Commission; (e) are subject to specified events of default; and (f) have registration rights pursuant to the registration rights agreement entered into by the Company and the parties thereto as of September 2, 2021. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In addition, pursuant to warrant subscription agreements (each a “Warrant Subscription Agreement”) entered into by and between Digital World and certain institutional investors on February 7, 2024, Digital World has agreed to issue an aggregate of 3,055,000 warrants (“Post-IPO Warrants”), each warrant entitling the holder thereof to purchase one share of Digital World Class A common stock for $11.50 per share. The Post-IPO Warrants were issued concurrently with the closing of the Business Combination, and have substantially the same terms as the public warrants issued by Digital World in connection with its initial public offering, except that such Post-IPO Warrants may only be transferred to the applicable holder’s affiliates. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Investors funded $10,000.0 of the $50,000.0 available under the Note Purchase Agreement before the closing of the merger and $40,000.0 immediately after Closing. The $40,000.0 of proceeds is held in a restricted account and will be released upon satisfaction of certain conditions, including the registration of the underlying shares. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 20.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Conversion into Paid in Capital </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">At the closing of the merger, certain Digital World and TMTG convertible notes were converted into common stock of the Company. The carrying value of the Digital World notes converted was $8,228.6 and the carrying value of the TMTG notes converted was $300,426.0, including the derivative liability. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company determined the automatic discounted share-settlement feature upon certain events (e.g., SPAC, IPO, change in control, etc.) is an embedded derivative requiring bifurcation accounting as (1) the feature is not clearly and closely related to the debt host and (2) the feature meets the definition of a derivative under ASC 815 (Derivative and Hedging). Subsequent changes to the fair value of the embedded derivative flows through the Statement of Operations. The Debt (net of initial debt discount and any related debt issuance costs recorded) is accreted using the effective interest rate method under ASC 835 (Interest) until maturity. <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The Convertible Promissory Notes (debt host) are not subject to Subtopic 480-10. </span></span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468.1pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 71.78%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Convertible Promissory Notes</span> </div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 1 to 7</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">5,340.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">5,340.0 </span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 8 to 12</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">17,500.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">17,500.0</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 13 to 20</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">17,860.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">17,860.0</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 21 to 23</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 18.33pt;"><span style="-sec-ix-redline:true;">7,455.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Digital World Convertible Notes</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">50,103.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">98,258.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">40,700.0</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Debt Issuance costs</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">(240.0)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(240.0)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Carrying value of Convertible Promissory Notes</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">98,018.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">40,460.0</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Derivative liability component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">(37,234.8)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(37,234.8)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liability component at date of issue</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">60,783.2</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">3,225.2</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Interest charged</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">44,939.4</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">42,121.8</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Loss on extinguishment of debt</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 25.83pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">542.3</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total Liability component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">106,264.9</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">45,347.0 </span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Conversion to Paid in Capital</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 10pt;"><span style="-sec-ix-redline:true;">(56,107.1)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Short-term liability component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">(50,157.8)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(41,818.8)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liability component at March 31, 2024 and December 31, 2023</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 33.33pt; border-bottom: 3pt double #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">3,528.2</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Embedded feature component</span> </div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">37,234.8</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">37,234.8 </span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Change in fair value of embedded derivative</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">207,084.1</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(18,832.0)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total Derivative Liability Component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">244,318.9</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">18,402.8</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Conversion to Paid in Capital</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">(244,318.9)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Short-term derivative liability component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 38.33pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(17,282.5)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative Liability Component at March 31, 2024 and December 31, 2023</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 38.33pt; border-bottom: 3pt double #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">1,120.3</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The interest charged for the periods is calculated by applying the effective interest rate range of between 16.3% to 100%+ to the liability component for the period since the respective notes were issued. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">As of March 31, 2024, our future minimum payment of our note payable in the amount of $50,157.8 is due in March 2025. </span></div> 5340000 P24M 0.05 4 0.40 0.40 17500000 P18M P36M 0.05 0.10 25 21 20 50 42 40 0.50 10 18360000 P18M 0.05 0.10 25 21 7955000 P18M 0.10 10 0.50 50000000 0.08 1 8 P10D 1.30 P3D P15D 0.20 0.80 3055000 1 11.5 10000000 50000000 40000000 40000000 8228600 300426000 <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The Convertible Promissory Notes (debt host) are not subject to Subtopic 480-10. </span> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468.1pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 71.78%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">December 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Convertible Promissory Notes</span> </div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 1 to 7</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">5,340.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">5,340.0 </span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 8 to 12</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">17,500.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">17,500.0</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 13 to 20</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">17,860.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">17,860.0</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Notes 21 to 23</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 18.33pt;"><span style="-sec-ix-redline:true;">7,455.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Digital World Convertible Notes</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">50,103.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">98,258.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">40,700.0</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Debt Issuance costs</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 22.5pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">(240.0)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 17.5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(240.0)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Carrying value of Convertible Promissory Notes</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">98,018.0</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">40,460.0</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Derivative liability component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">(37,234.8)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(37,234.8)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liability component at date of issue</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">60,783.2</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">3,225.2</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Interest charged</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 13.33pt;"><span style="-sec-ix-redline:true;">44,939.4</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">42,121.8</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Loss on extinguishment of debt</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 25.83pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">542.3</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total Liability component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">106,264.9</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">45,347.0 </span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Conversion to Paid in Capital</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 10pt;"><span style="-sec-ix-redline:true;">(56,107.1)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Short-term liability component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 10pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">(50,157.8)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(41,818.8)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liability component at March 31, 2024 and December 31, 2023</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 33.33pt; border-bottom: 3pt double #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 5.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">$</span></span><span style="padding-left: 8.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">3,528.2</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 5.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 5.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Embedded feature component</span> </div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">37,234.8</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="-sec-ix-redline:true;">$</span><span style="padding-left: 3.33pt;"><span style="-sec-ix-redline:true;">37,234.8 </span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Change in fair value of embedded derivative</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 8.33pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">207,084.1</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(18,832.0)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total Derivative Liability Component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">244,318.9</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 8.33pt;"><span style="-sec-ix-redline:true;">18,402.8</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Conversion to Paid in Capital</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">(244,318.9)</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 33.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Less: Short-term derivative liability component</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 38.33pt; border-bottom: 1pt solid #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 5pt; border-bottom: 1pt solid #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">(17,282.5)</span></span></div> </td> </tr> <tr> <td style="width: 71.78%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative Liability Component at March 31, 2024 and December 31, 2023</span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 2.97pt; text-align: left;"><span style="padding-left: 38.33pt; border-bottom: 3pt double #000000; min-width: 48.33pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 0.64%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 14.06%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 11.25pt; text-align: left;"><span style="padding-left: 13.33pt; border-bottom: 3pt double #000000; min-width: 43.33pt;"><span style="-sec-ix-redline:true;">1,120.3</span></span></div> </td> </tr> </table> 5340000 5340000 17500000 17500000 17860000 17860000 7455000 0 50103000 0 98258000 40700000 240000 240000 98018000 40460000 37234800 37234800 60783200 3225200 44939400 42121800 -542300 0 106264900 45347000 56107100 0 50157800 41818800 0 3528200 37234800 37234800 -207084100 18832000 244318900 18402800 244318900 0 0 17282500 0 1120300 0.163 1 50157800 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 10 - FAIR VALUE MEASUREMENT </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:</span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Level 1. Quoted prices (unadjusted) in active markets for identical assets or liabilities.</span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Level 2. Significant other inputs that are directly or indirectly observable in the marketplace.</span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Level 3. Significant unobservable inputs which are supported by little or no market activity.</span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The derivative liability component of Convertible promissory notes are classified as Level 3 due to significant unobservable inputs. </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="7" style="width: 40.95%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">As of March 31, 2024 </span></div> </td> </tr> <tr class="header"> <td style="width: 56.41%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands) </span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Quoted prices in </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">active markets for </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">identical assets </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 1)</span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">other observable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 2)</span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">unobservable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 3) </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Current Liabilites</span> </div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_de5dc9931a434d4cb0c6c809d678cfc9"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_e0e4f11995d743d38e03c049908f6d60"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.89pt; text-align: left;"><span style="-sec-ix-redline:true;">— </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities</span> </div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_dc741c02319c41dba4c94cc6c4f414c6"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_f24076f282274c9caa8b95f33cea62e6"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.89pt; text-align: left;"><span style="-sec-ix-redline:true;">— </span></div> </td> </tr> </table> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="7" style="width: 40.95%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">As of December 31, 2023 </span></div> </td> </tr> <tr class="header"> <td style="width: 56.41%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Quoted prices in </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">active markets for </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">identical assets </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 1)</span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">other observable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 2)</span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">unobservable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 3) </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Current Liabilites</span> </div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_0c930c32d97e49faa95a0e8b9bfec213"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_1882051722b64644a7b4b581065025ce"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.39pt; text-align: left;"><span style="-sec-ix-redline:true;">17,282.5 </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities</span> </div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_3f8ec8367b414ea099b5fa61a685f2a8"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_f31a40dc8fbd493aa3951a6a6e53be21"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.39pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">1,120.3 </span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The estimated fair value of the conversion feature of the Derivative liability is based on traditional valuation methods including Black-Scholes option pricing models and Monte Carlo simulations. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The derivative liability component of Convertible promissory notes are classified as Level 3 due to significant unobservable inputs. </span></div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="7" style="width: 40.95%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">As of March 31, 2024 </span></div> </td> </tr> <tr class="header"> <td style="width: 56.41%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands) </span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Quoted prices in </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">active markets for </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">identical assets </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 1)</span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">other observable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 2)</span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">unobservable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 3) </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Current Liabilites</span> </div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_de5dc9931a434d4cb0c6c809d678cfc9"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_e0e4f11995d743d38e03c049908f6d60"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.89pt; text-align: left;"><span style="-sec-ix-redline:true;">— </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities</span> </div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_dc741c02319c41dba4c94cc6c4f414c6"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_f24076f282274c9caa8b95f33cea62e6"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 17.89pt; text-align: left;"><span style="-sec-ix-redline:true;">— </span></div> </td> </tr> </table> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td colspan="7" style="width: 40.95%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">As of December 31, 2023 </span></div> </td> </tr> <tr class="header"> <td style="width: 56.41%; text-align: left; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">(in thousands)</span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Quoted prices in </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">active markets for </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">identical assets </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 1)</span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">other observable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 2)</span></div> </td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 4.25pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">Significant </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">unobservable </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">inputs </span> </div> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">(Level 3) </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Current Liabilites</span> </div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_0c930c32d97e49faa95a0e8b9bfec213"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_1882051722b64644a7b4b581065025ce"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.39pt; text-align: left;"><span style="-sec-ix-redline:true;">17,282.5 </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Liabilities</span> </div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"> </span></div> </td> </tr> <tr> <td style="width: 56.41%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 10pt; text-align: left;"><span style="-sec-ix-redline:true;">Derivative liability</span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 13.57%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_3f8ec8367b414ea099b5fa61a685f2a8"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 12.31%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="-sec-ix-redline:true;"><span style="-sec-ix-hidden:Fact_f31a40dc8fbd493aa3951a6a6e53be21"> </span></span></div> </td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.32%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 9.78%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="fpara" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 5.39pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">1,120.3 </span></span></div> </td> </tr> </table> 0 0 17282500 1120300 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 11 – LOSS PER SHARE </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Basic loss per share is calculated by dividing net income by the weighted average number of shares of stock outstanding during the period. Diluted loss per share is calculated by dividing net loss by the weighted average number of shares outstanding during the period adjusted for the effect of dilutive potential shares from convertible notes and warrants. There were no dilutive potential common shares for three months ended March 31, 2024 and 2023, because the Company incurred a net loss and the potential dilutive shares are anti-dilutive. As such, basic and diluted losses per common share are the same. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Total common stock equivalents excluded from dilutive loss per share are as follows: </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Convertible notes</span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.64pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">6,250,000</span></span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.14pt; text-align: left;"><span style="-sec-ix-redline:true;">—</span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Warrants</span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.64pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 45pt;"><span style="-sec-ix-redline:true;">21,491,229</span></span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.14pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 10pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total common stock equivalents excluded from dilutive loss per share</span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.64pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 45pt;"><span style="-sec-ix-redline:true;">27,741,229</span></span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.14pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 10pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> </table> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">As noted in Note 14, in connection with the litigation initiated by ARC against DWAC in the Delaware Court of Chancery and the Closing of the Business Combination, the Company deposited 4,667,033 shares into </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">an escrow account, to be held until the action concludes. While in escrow, such shares are generally not considered by the Company to be issued and outstanding. For purposes of basic and diluted loss per share (and the table above), these shares are not included until the contingency (litigation) is resolved. </span></div> 0 0 <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8.5pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Total common stock equivalents excluded from dilutive loss per share are as follows: </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 0pt; text-align: left;"> <br/></div> <table cellpadding="0" cellspacing="0" class="fintab" style="border-collapse: collapse; width: 468pt; margin-left: auto; margin-right: auto;"> <tr class="header"> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold;"><span style="-sec-ix-redline:true;"> </span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2024</span></div> </td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; font-size: 2pt; padding-top: 6pt; padding-bottom: 4.25pt; border-bottom: 1px solid #ffffff; white-space: nowrap;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; padding-top: 6pt; padding-bottom: 4.25pt; white-space: nowrap;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: bold; margin-top: 0pt; text-align: center;"><span style="-sec-ix-redline:true;">March 31, 2023 </span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Convertible notes</span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.64pt; text-align: left;"><span style="padding-left: 5pt;"><span style="-sec-ix-redline:true;">6,250,000</span></span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.14pt; text-align: left;"><span style="-sec-ix-redline:true;">—</span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Warrants</span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.64pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 45pt;"><span style="-sec-ix-redline:true;">21,491,229</span></span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 3pt; padding-bottom: 4.25pt;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 3pt; padding-bottom: 4.25pt;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.14pt; text-align: left;"><span style="border-bottom: 1pt solid #000000; min-width: 10pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> <tr> <td style="width: 71.79%; text-align: left; vertical-align: bottom; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Total common stock equivalents excluded from dilutive loss per share</span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: left; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 4.64pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 45pt;"><span style="-sec-ix-redline:true;">27,741,229</span></span></div> </td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td class="gutter" style="width: 1.25%; border-bottom: none; font-size: 2pt; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"><span style="-sec-ix-redline:true;">​</span></td> <td style="width: 11.6%; text-align: center; vertical-align: bottom; white-space: nowrap; padding-top: 4.25pt; padding-bottom: 3pt; background-color: #CCEEFF;"> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-left: 22.14pt; text-align: left;"><span style="border-bottom: 3pt double #000000; min-width: 10pt;"><span style="-sec-ix-redline:true;">—</span></span></div> </td> </tr> </table> 6250000 0 21491229 0 27741229 0 4667033 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 19pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 12 – STOCKHOLDERS’ EQUITY </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">At inception, the total number of shares of all classes of capital stock that the Company was authorized to issue was 11,000 shares of Company Stock, each having a par value of $0.000001, of which 10,000 shares were issued and outstanding, and an additional 1,000 shares were authorized for issuance in connection with the Company’s Equity Incentive Plan. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In October 2021, the total number of shares of Common Stock authorized was increased to 110,000,000, each having a par value of $0.000001. Each share of the Company’s Common Stock, automatically and without any action on the part of the Company or any respective holders thereof, was reclassified into ten thousand (10,000) shares of the Company’s Common Stock, $0.000001 par value per share, resulting in 110,000,000 shares authorized, of which 100,000,000 shares were issued and outstanding, and an additional 7,500,000 shares were authorized for issuance in connection with the Company’s Equity Incentive Plan. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In January 2022, the total number of shares of the Company’s Common Stock authorized was increased to 120,000,000, each having a par value of $0.000001, of which 100,000,000 shares were issued and outstanding, and an additional 7,500,000 shares were authorized for issuance in connection with the Company’s Equity Incentive Plan. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In January 2024, the total number of shares of the Company’s Common Stock authorized was increased to 1,000,000,000, each having a par value of $0.000001, of which 100,000,000 shares were issued and outstanding. 100,000,000 of the additional authorized but unissued shares were classified as non-voting. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On March 25, 2024, in connection with the merger, Digital World amended (the second amendment) and restated its certification of incorporation. Amoung other matters, Digital World’s name was changed to Trump Media and Technology Group Corp. Additionally, the Company changed its authorized capital stock to 1,000,000,000 shares, each with a par value of $0.0001 per share, consisting of (a) 999,000,000 shares of common stock and (b) 1,000,000 shares of preferred stock. </span></div> 11000 0.000001 10000 10000 1000 110000000 0.000001 10000 0.000001 110000000 100000000 100000000 7500000 120000000 0.000001 100000000 100000000 7500000 1000000000 0.000001 100000000 100000000 100000000 1000000000 0.0001 999000000 1000000 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 19pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 13 – STOCK BASED COMPENSATION </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 7pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">2024 Equity Incentive Plan </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In connection with the Business Combination, TMTG’s Board adopted, and our stockholders approved, the Digital World Acquisition Corp. 2024 Equity Incentive Plan (the “2024 Equity Incentive Plan”), which became effective on March 25, 2024. The total number of shares of our common stock reserved and available for delivery under the 2024 Equity Incentive Plan at any time during the term of the 2024 Equity Incentive Plan will be equal to 13,252,544 No activity pursuant to the 2024 Equity Incentive Plan occurred for the three months ended March 31, 2024. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 19pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Executive Promissory Notes </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In March 2024, we issued unsecured Executive Promissory Notes to certain executives, including each of our Named Executive Officers (“NEOs”) in an aggregate amount of $10,900.0, as consideration for their service to the Company through the Merger. The Executive Promissory Notes bore a zero-coupon interest rate, and became payable at the earlier of September 30, 2024, an Event of Default, or upon a Change in Control Event. The Maturity Date of the Executive Promissory Notes could be extended at the sole discretion of each executive individually for any reason, including for the purpose of allowing the Executive Promissory Notes to convert to stock or other securities upon a Change of Control Event. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Upon a Change of Control Event, the Executive Promissory Notes automatically converted into either (a) shares of common stock at a fixed conversion price of $10.00 per share upon consummating a merger with DWAC, or (b) a share amount equal to the quotient of the principal amount divided by the price per share based upon the current fair value of the common stock of TMTG, for any other Change of Control Events. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On March 25, 2024, we consummated a merger between DWAC and TMTG at which time the Executive Promissory Notes automatically converted into an aggregate of 1,090,000 shares of our common stock. We accounted for the Executive Promissory Notes as a liability award under ASC 718 as the Executive Promissory Notes could be converted into a variable number of shares upon a Change of Control event and the executives had the sole discretion to extend the Maturity Date which could result in the Company being required to settle the Executive Promissory Notes in cash. We remeasured the fair value of the Executive Promissory Notes at their settlement date and recorded stock-based compensation expense for these awards, within general and administration expense in the Statement of Operations, totaling $54,445.5 for the three months ended March 31, 2024. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Vendor Convertible Notes </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In March 2024, we issued unsecured convertible notes to certain vendors in exchange for research and development services provided. These Vendor Convertible Notes were issued with an aggregate face value of $7,500.0, bore a zero-coupon interest rate, and had a maturity date in <span style="-sec-ix-hidden:Fact_c5cc73c5fe17458fa05b4499413f3169">March 2027</span>. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Vendor Convertible Notes were automatically convertible in to shares of our common stock upon consummating a merger between DWAC and TMTG at a conversion price of $10.00 per share. We measured the fair value of these Vendor Convertible Notes on their date of grant and recorded $30,142.5 of stock based compensation expense, within research and development expense in the Statement of Operations for the three months ended March 31, 2024. </span></div> 13252544 0 10900000 0 2024-09-30 10 1090000 54445500 7500000 0 10 30142500 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 14 - COMMITMENTS AND CONTINGENCIES </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">From time-to-time, we are a party to litigation and subject to claims, suits, regulatory and government investigations, other proceedings and consent decrees in the ordinary course of business, and other unasserted claims. We investigate claims as they arise and accrue estimates for resolution of legal and other contingencies when losses are probable and reasonably estimable. Based on current known facts and circumstances, the Company currently believes that any liabilities ultimately resulting from ordinary course claims, and proceedings will not individually or in aggregate, have a material adverse effect on the Company's financial position, results of operations, or cash flows. However, the outcomes of claims legal proceedings or investigations are inherently unpredictable and subject to uncertainty, and may have an adverse effect on us because of defense costs, diversion of management resources and other factors that are not known to us or cannot be quantified at this time. We may also receive unfavorable preliminary or interim rulings in the course of litigation, and there can be no assurances that favorable final outcomes will be obtained. The final outcome of any current or future claims or lawsuits could adversely affect our business, financial position, results of operations or cash flows. We periodically evaluate developments in our legal matters that could affect the amount of liability that has previously been accrued or the reasonably possible losses that we have disclosed, and make adjustments as appropriate. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In connection with the litigation initiated by ARC against DWAC in the Delaware Court of Chancery (see below) and the Closing of the Business Combination, the Company deposited 4,667,033 shares into an escrow account, to be held until the action concludes. While in escrow, such shares are generally not considered by the Company to be issued and outstanding. On March 22, 2024, the Chancery Court entered a Scheduling Order setting the case for a single-day trial on June 26, 2024. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Except as indicated below, to the knowledge of our management team, there is no litigation currently pending or contemplated against us or against any of our property. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">We have cooperated with a FINRA inquiry concerning events (specifically, a review of trading) that preceded the public announcement of the Merger Agreement and the consummation of the Business Combination. According to FINRA’s request, the inquiry should not be construed as an indication that FINRA has determined that any violations of Nasdaq rules or federal securities laws have occurred, or as a reflection upon the merits of the securities involved or upon any person who effected transactions in such securities. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 12pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Settlement in Principle </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Digital World was the subject of an investigation by the SEC with respect to certain statements, agreements and the timing thereof included in Digital World’s registration statements on Form S-1 in connection with its IPO and Form S-4 relating to the Business Combination (the “Investigation”). </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On July 3, 2023, Digital World reached an agreement in principle (the “Settlement in Principle”) in connection with the Investigation. The Settlement in Principle was subject to approval by the SEC. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On July 20, 2023, the SEC approved the Settlement in Principle, announcing it settled its dispute with Digital World and entered an order (the “Order”) finding that Digital World violated certain antifraud provisions of the Securities Act and the Exchange Act, in connection with Digital World’s IPO filings on Form S-1 and the Form S-4 concerning certain statements, agreements and omissions relating to the timing and discussions Digital World had with Private TMTG regarding the proposed business combination. In the Order, Digital World agreed (i) that any amended Form S-4 filed by Digital World would be materially complete and accurate with respect to certain statements, agreements and omissions relating to the timing and discussions that Digital World had with Private TMTG regarding the proposed business combination and (ii) to pay a civil money penalty in an amount of $18 million to the SEC promptly after the closing of any merger or a comparable business combination or transaction, whether with Private TMTG or any other entity. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In connection with the consummation of the Business Combination, on March 25, 2024, Digital World paid the $18 million civil penalty to the SEC pursuant to the Order. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 14.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Section 16 Claim </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On October 20, 2023, Robert Lowinger (the “Plaintiff”) filed a complaint against Rocket One Capital, LLC (“Rocket One”), Michael Shvartsman, Bruce Garelick, and Digital World in the U.S. District Court for the Southern District of New York. According to the complaint, Digital World was named as a party in the lawsuit because the Plaintiff is seeking relief for the benefit of Digital World. In the complaint, the Plaintiff contends that, in 2021, Mr. Garelick and Rocket One were directors of Digital World and that they purchased securities of Digital World. The Plaintiff further alleges that within a six-month period from the date of their purchases, both Mr. Garelick and Rocket One sold securities in Digital World and realized profits from those sales. Additionally, the Plaintiff alleges that Mr. Shvartsman had a financial interest in the profits resulting from Rocket One’s purchases and sales of Digital World’s securities. According to the Plaintiff, under Section 16(b) of the Exchange Act (15 U.S.C. §78p(b)), Rocket One, Mr. Shvartsman, and Mr. Garelick are each required to disgorge certain trading profits to Digital World. On January 11, 2024, Digital World filed a pre-motion letter with the court, indicating Digital World’s intention to file a motion to dismiss in relation to the matter. This pre-motion letter was subsequently endorsed by the court on January 17, 2024. The court provided a deadline of January 22, 2024 for the Plaintiff to respond to Digital World’s pre-motion letter. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On March 1, 2024, Digital World filed a motion to dismiss the claims against Digital World. On March 15, 2024, the Plaintiff filed an opposition to Digital World’s motion to dismiss. On March 22, 2024, Digital World filed a reply in support of its motion to dismiss the claims against Digital World. The case is Lowinger v. Rocket One Capital, LLC, et al., No. 1:23-cv-9243 (S.D.N.Y. Oct. 20, 2023). </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 14.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Litigation with United Atlantic Ventures (“UAV”) in Delaware </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On July 30, 2021, an attorney for the Trump Organization, on behalf of President Trump, declared void ab initio a services agreement that had granted TMTG, among other things, extensive intellectual property and digital media rights related to President Trump for purposes of commercializing the various Private TMTG initiatives (the “Services Agreement”). Neither Private TMTG nor Digital World was a party to such agreement. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On each of January 18, 2024 and February 9, 2024, Digital World received letters from counsel to UAV, a party to the Services Agreement. The letters contained certain assertions and enclosed a copy of the Services Agreement that had been declared void two and a half years earlier. Specifically, counsel for UAV claims that the Services Agreement grants UAV rights to (1) appoint two directors to TMTG and its successors (i.e., TMTG after the Business Combination), (2) approve or disapprove of the creation of additional TMTG shares or share classes and anti-dilution protection for future issuances, and (3) a $1.0 million expense reimbursement claim. In addition, UAV asserts that the Services Agreement is not void ab initio and claims that certain events following the July 30, 2021 notification support its assertion that such Services Agreement was not void. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On February 6, 2024, a representative of UAV sent a text message to a representative of a noteholder of TMTG suggesting that UAV might seek to enjoin the Business Combination. On February 9, 2024, Private TMTG received from counsel to UAV a letter similar to those letters received by Digital World, which also </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">threatened Private TMTG with legal action regarding UAV’s alleged rights in Private TMTG, including, if necessary, an action to enjoin consummation of the Business Combination. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On February 28, 2024, UAV filed a verified complaint against Private TMTG in the Chancery Court seeking declaratory and injunctive relief relating to the authorization, issuance, and ownership of stock in Private TMTG and filed a motion for expedited proceedings. On March 4, 2024, UAV filed an amended complaint, converting their action from a direct action to a purported derivative action, and adding members of the Private TMTG board as defendants. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On March 6, 2024, Private TMTG filed an opposition to UAV’s motion to expedite, and UAV filed its response on March 8, 2024. On March 9, 2024, the Chancery Court held a hearing to decide UAV’s motion to expedite proceedings. During the oral argument, Private TMTG agreed that any additional shares of Private </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">TMTG issued prior to or upon the consummation of the Business Combination would be placed in escrow pending a resolution of the dispute between the parties. The Chancery Court entered an order consistent with the foregoing on March 15, 2024, and scheduled a status conference for April 1, 2024. On March 18, 2024, Private TMTG and the former board filed a motion to dismiss the amended complaint for, among other things, failure to state a claim. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 2, 2024, UAV filed a motion for leave to file a second amended complaint together with a motion for preliminary injunction and a motion for contempt and anti-suit injunction related to Private TMTG’s filing of a separate litigation against UAV and others in Florida state court. Private TMTG maintains that the contempt claims are meritless. Additionally, UAV filed a motion for a case scheduling order seeking to expedite discovery in advance of a hearing scheduled for April 30, 2024. On April 3, 2024, Defendants (Private TMTG and its former board) filed an opposition to the motion for scheduling order. On April 5, 2024, Defendants filed an opposition to the motion for leave to file a second amended complaint. On April 8, 2024, Defendants filed a motion to stay discovery and for protective order. The Chancery Court granted the motion for leave to file a second amended complaint on April 9, 2024, but the Chancery Court also re-assigned the case to a new judicial officer. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 11, 2024, UAV filed its second amended complaint, naming the prior Defendants together with five new defendants—TMTG and the current directors on the TMTG Board who were not on Private TMTG’s board of directors. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 22, 2024, all of the Defendants moved to vacate the Chancery Court’s prior order expediting the matter. Additionally, all of the Defendants moved to dismiss the second amended complaint. Following briefing and oral argument on the motion to vacate, the Chancery Court vacated the prior provisions of the March 15 order expediting the matter. On May 8, 2024, the Chancery Court stayed discovery. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">This matter—including Defendants’ Motion to Dismiss and UAV’s Renewed Motion for Contempt—remains pending. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 20pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lawsuit Against ARC and Patrick Orlando </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On February 26, 2024, representatives of ARC Global Investments II, LLC (“ARC”) claimed to Digital World that after a “more comprehensive” review, the conversion ratio for Digital World Class B common stock into Digital World Class A common stock upon the completion of the Business Combination was approximately 1.8:1. ARC’s new claim also contradicted the previous assertion by Patrick Orlando, the managing member of ARC, that the conversion ratio was 1.68:1. Digital World’s board of directors viewed these claims as an attempt by Mr. Orlando to secure personal benefits, breaching his fiduciary duty to Digital World and its shareholders. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Digital World and Private TMTG initiated a lawsuit against ARC (Case No. 192862534) in the Civil Division for the Twelfth Judicial Circuit Court in Sarasota County, Florida, on February 27, 2024. The complaint sought a declaratory judgment affirming the appropriate conversion ratio as 1.34:1, as previously disclosed, damages for tortious interference with the contractual and business relationship between Private TMTG and Digital World, and damages for conspiracy with unnamed co-conspirators to interfere with the same. The complaint also sought damages for Mr. Orlando’s breach of fiduciary duty, which exposed Digital World to regulatory liability and resulted in an $18 million penalty, and for his continuous obstruction of Digital World’s merger with Private TMTG to extort various concessions that benefited only him and harmed Digital World and </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">its shareholders. Furthermore, the complaint sought damages for the wrongful assertion of dominion over Digital World’s assets inconsistent with Digital World’s possessory rights over those assets. On March 8, 2024, Digital World voluntarily dismissed its declaratory judgment claim against ARC. On March 17, 2024, Digital World and Private TMTG filed an amended complaint, adding a claim for violation of Florida’s Deceptive and Unfair Trade Practices Act. Digital World further alleged breach of fiduciary duty of loyalty, breach of fiduciary duty of care, and conversion claims against Mr. Orlando. With respect to ARC, Digital World alleged aiding and abetting a breach of fiduciary duty. Defendants ARC and Mr. Orlando filed motions to dismiss the amended complaint and stay discovery in the action on April 3, 2024. No hearing has been set on the motions, and a case management conference is scheduled for June 17, 2024. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On the afternoon of February 28, 2024, ARC’s registered agent in Wilmington, Delaware, and Mr. Orlando were served with the complaint filed by Digital World and Private TMTG. Later that day, ARC’s counsel electronically mailed Digital World’s counsel a lawsuit, filed in the Court of Chancery of the State of Delaware, alleging an impending violation of the Digital World Charter for failure to commit to issue the number of conversion shares to ARC that ARC claims it is owed upon the consummation of the Business Combination (the “Delaware Lawsuit”). The complaint claims a new conversion ratio of 1.78:1 and seeks specific performance and damages for the alleged breach of the Digital World Charter, a declaratory judgment that the certain derivative securities of Digital World should be included in the calculation of the conversion ratio, a finding that the directors of Digital World breached their fiduciary duties, and a preliminary injunction to enjoin the Business Combination until Digital World “corrected” the conversion ratio. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">We do not believe ARC’s 1.78:1 conversion ratio and related claims are supported by the terms of the Digital World Charter. As a result, we intend to vigorously defend Digital World’s calculation of the conversion ratio and related rights. In addition to its complaint filed on February 28, 2024, ARC also filed a motion with the Chancery Court requesting that the case schedule be expedited to enable the Chancery Court to conduct an injunction hearing prior to the March 22, 2024 shareholder vote. On March 3, 2024, Digital World filed an opposition to ARC’s motion to expedite, and ARC filed a reply on March 4, 2024. On March 5, 2024, the Chancery Court conducted a hearing to consider ARC’s request to expedite the case schedule. After hearing arguments from both sides, the Vice Chancellor denied ARC’s motion, stating that the court would not conduct a merits or injunction hearing before March 22, 2024. Consequently, the Vice Chancellor also denied ARC’s request to postpone the vote until after a merits hearing. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The Chancery Court ruled that Digital World’s proposal to deposit disputed shares into an escrow account at the close of the Business Combination was adequate to prevent potential irreparable harm related to ARC’s share conversion. The court also found that Digital World’s public disclosures about ARC’s claims and possible conversion scenarios at the close of the Business Combination further mitigated the risk of irreparable harm due to insufficient disclosure for the March 22, 2024 vote. In its ruling, the Chancery Court ordered ARC and Digital World to propose a schedule by March 8, 2024, for resolving the action within 150 days following the Business Combination. The court also asked the parties to provide a stipulation by March 8, 2024, regarding ARC’s ability to maintain standing over its claim after voting in favor of the Business Combination. The court further requested the parties to agree to the creation of an escrow account for the deposit of disputed shares after the Business Combination, to be held until the action concludes. Lastly, the court asked Digital World’s counsel to submit a letter by March 8, 2024, outlining how this litigation will proceed alongside the Florida litigation filed by Digital World on February 27, 2024, in the Circuit Court of Sarasota County, Florida. On March 8, 2024, </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">Digital World submitted a letter to the Chancery Court, stating that it voluntarily had dismissed its claim for declaratory judgment in the Circuit Court of Sarasota County, Florida. On March 22, 2024, the Chancery Court entered a Scheduling Order setting the case for a single-day trial on June 26, 2024. Discovery is ongoing. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">In relation to the Delaware Lawsuit, Digital World notified its shareholders on March 14, 2024, of its intention to apply a conversion ratio to all Digital World Class B common stock shares to ensure that ARC and the Non-ARC Class B Shareholders receive an equal number of common stock shares in the Company per share of Digital World Class B common stock. Accordingly, on March 21, 2024, Digital World entered into the Disputed Shares Escrow Agreements with the Escrow Agent, pursuant to which TMTG deposited into escrow the </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">number of shares of TMTG Common Stock representing the difference between the actual conversion ratio, determined by Digital World’s board of directors upon closing of the Business Combination (which was determined to be 1.348:1), and a conversion ratio of 2.00. Any release of shares is subject to the terms and conditions of the Disputed Shares Escrow Agreements. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">The ultimate resolution as to whether none, a portion or all of the disputed conversion shares will be issued is not determinable at this time. As a general matter, the pursuit of the claims may be costly and time consuming and could have a material adverse effect on TMTG’s reputation and its existing stockholders and may result in counterclaims. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 16.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Litigation With Patrick Orlando in Delaware </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On March 15, 2024, Plaintiff Patrick Orlando brought a lawsuit against Digital World in the Chancery Court seeking advancement of legal fees associated with Mr. Orlando’s involvement in civil litigation against Digital World in Florida and certain other matters (the “Advancement Lawsuit”). Mr. Orlando’s allegations relate to certain provisions in the Digital World Charter, Digital World’s bylaws, and an indemnity agreement allegedly entered into between Mr. Orlando and Digital World. Mr. Orlando alleges that those certain provisions require Digital World to pay the legal fees Mr. Orlando incurred and will incur in connection with legal proceedings in which he is involved by reason of the fact that he is or was a director or officer of Digital World. Mr. Orlando seeks a court order that (i) declares that he is entitled to legal fees for certain proceedings described in the complaint, (ii) requires Digital World to pay for legal fees incurred and future legal fees to be incurred for those proceedings, (iii) requires Digital World to pay the fees incurred to bring the Advancement Lawsuit, and (iv) requires Digital World to pay pre- and post-judgment interest on the amounts owed to Mr. Orlando. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 3, 2024, the Chancery Court entered a Stipulation and Advancement Order (“Stipulation”), stating that Mr. Orlando is entitled to advancement of attorneys’ fees and costs incurred with legal proceedings described in the Stipulation, subject to Digital World’s right to challenge the reasonableness of those attorneys’ fees and costs. The Stipulation further states that Mr. Orlando is entitled to fees incurred in connection with enforcement of advancement rights and sets forth procedures that will govern future requests for advancement of attorneys’ fees and costs. As of May, 10, 2024, TMTG had paid or agreed to pay a total of $235.1 thousand to Mr. Orlando’s attorneys pursuant to such Stipulation. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 23, 2024, Mr. Orlando filed a motion for leave to supplement the Advancement Lawsuit to add a claim for advancement of legal fees and expenses Mr. Orlando has incurred and will incur in connection with his defense of an action for declaratory judgment brought by members of ARC regarding Mr. Orlando’s removal as the managing member of ARC. Mr. Orlando also seeks reimbursement for the legal fees and expenses incurred in connection with his supplement to the Advancement Lawsuit, and he seeks pre-judgment and post-judgment interest on the amounts he claims are owed to him. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 16.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lawsuit Against ARC in New York </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On March 19, 2024, Plaintiff Digital World filed a lawsuit against ARC in New York state court alleging breach of contract and seeking injunctive relief. Digital World’s claims related to an agreement between Digital World and ARC entered into in September 2021 (the “Letter Agreement”), whereby ARC promised to vote in favor of any merger agreement presented to Digital World shareholders for a vote. Digital World alleged that it presented a merger agreement to its shareholders, but ARC withheld its vote in favor of the merger in advance of the March 22, 2024 shareholder vote. Digital World’s suit requested that the court declare ARC’s obligation to vote its shares in favor of the merger, per the Letter Agreement, and an order compelling ARC to specifically perform its obligations under the Letter Agreement. Digital World also sought an award of consequential damages for breach of contract. On March 22, 2024, Digital World voluntarily discontinued its action without prejudice after ARC cast its vote in favor of the Business Combination at the Special Meeting. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 17pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Lawsuit Against UAV, Litinksy, Moss, and Orlando in Florida </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On March 24, 2024, Private TMTG filed a lawsuit in the Circuit Court of the Twelfth Judicial Circuit for Sarasota County, Florida (Case No. 2024 CA 001545 NC) against UAV, Andrew Litinsky, Wesley Moss, and Patrick Orlando. In view of UAV’s repeated demands concerning its alleged stock ownership and director </span></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 8pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">appointment rights, the complaint alleges claims for a declaratory judgment against UAV determining that the Services Agreement is unenforceable against Private TMTG. The complaint also asserts a claim for unjust enrichment against UAV based on its failure to competently provide services to the company. Finally, the complaint asserts claims for damages for (a) breach of the fiduciary duty of loyalty against Mr. Litinsky and Mr. Moss based on their dealings with Orlando, (b) aiding and abetting and conspiracy to breach fiduciary duty against Mr. Orlando based on the same events, and (c) breach of the fiduciary duty of care against Mr. Litinsky and Mr. Moss for their gross negligence in managing the company. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 25, 2024, Private TMTG filed a motion to consolidate this lawsuit with the Lawsuit Against ARC and Patrick Orlando in Sarasota County, Florida described above for purposes of discovery and pretrial proceedings. That motion is currently pending before the court, as is Mr. Moss, Mr. Litinsky, and UAV’s motion to stay proceedings—which is set for a hearing on June 5, 2024. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 20.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Litigation with Orlando and Benessere in Miami, Florida </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 2, 2024, Patrick Orlando and Benessere Investment Group, LLC filed suit against TMTG in the Circuit Court of the Eleventh Judicial District in Miami-Dade County, Florida. Orlando and Benessere seek a declaratory judgment that TMTG is restricted from disclosing material exchanged with Orlando and Benessere pursuant to a joint defense agreement previously entered into by the Parties in addition to a request for damages for any breach of the joint defense agreement. Also on April 2, 2024, Orlando and Benessere filed a motion for preliminary injunction for enforcement of the joint defense agreement. As of May 2, 2024, the motion for preliminary injunction had not been set for hearing. </span></div> <div class="h4" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; margin-top: 20.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">Litigation with ARC Noteholders in Miami, Florida </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On May 8, 2024, a group of ARC noteholders (Edwin B. Tucker et al.) filed suit against ARC and DWAC n/k/a TMTG in the Circuit Court of the Eleventh Judicial District in Miami-Dade County, Florida. The noteholders seek specific performance and compensatory damages from both defendants or, in the alternative, damages for breach of contract from ARC, in connection with shares of TMTG to which the ARC noteholders assert they are entitled. As of May 10, 2024, TMTG had not been served in this action. </span></div> 4667033 18000000 18000000 P6M 1000000 1.8 1.68 1.34 18000000 1.78 1.78 P150D 1.348 2 235100 <div class="h2" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold; margin-top: 20.5pt; margin-left: 0pt; text-align: left;"><span style="-sec-ix-redline:true;">NOTE 15 – SUBSEQUENT EVENTS </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 15, 2024, TMTG filed a registration statement on form S-1, which, as of May 20, 2024, had not yet been declared effective and remained subject to amendment and completion. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 16, 2024, TMTG announced that it had finished the research and development phase of its new live TV streaming platform and would begin scaling up its own content delivery network. On May 16 and 17, 2024, respectively, the Company signed agreements to obtain data center services and purchase servers and related equipment for the project. </span></div> <div style="display:none;"><br/></div> <div class="para" style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 6pt; margin-left: 0pt; text-indent: 20pt; text-align: left;"><span style="-sec-ix-redline:true;">On April 26, 2024, in accordance with the terms of the Merger Agreement, the Company officially determined that 40,000,000 Earnout Shares had been earned, after which such shares were issued.</span></div> 40000000 Excludes 4,667,033 shares not outstanding and held in escrow Costs of operating expenses include stock based compensation expense as follows: Loss per share attributable to common stockholders for diluted calculation is based on the Basic weighted shares as these are not dilutive. The Basic and diluted loss per share attributable to common stockholders are therefore the same. Includes 614,640 shares outstanding and held in escrow