2024 Q3 Form 10-Q Financial Statement

#000121390024068240 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q4
Revenue $135.5M $0.00
YoY Change
Cost Of Revenue $41.85M $35.44M
YoY Change 39.05%
Gross Profit $93.69M $80.22M
YoY Change 31.68%
Gross Profit Margin 69.13%
Selling, General & Admin $137.7M $1.637M
YoY Change 9844.81% 282.31%
% of Gross Profit 146.93% 2.04%
Research & Development $41.25M $34.30M
YoY Change 35.53%
% of Gross Profit 44.02% 42.75%
Depreciation & Amortization $7.000K $128.0K
YoY Change
% of Gross Profit 0.01% 0.16%
Operating Expenses $178.9M $1.637M
YoY Change 12824.38% 282.31%
Operating Profit -$85.21M $78.58M
YoY Change 6055.94%
Interest Expense -$16.04M $384.9K
YoY Change 1370.55% -83.64%
% of Operating Profit 0.49%
Other Income/Expense, Net -$228.7M $2.263M
YoY Change 5580.01% 182.81%
Pretax Income -$314.0M $1.011M
YoY Change 5701.75% -62.91%
Income Tax $67.00K $61.14K
% Of Pretax Income 6.05%
Net Earnings -$314.0M $949.7K
YoY Change 5737.82% -57.61%
Net Earnings / Revenue -231.69%
Basic Earnings Per Share -$3.15
Diluted Earnings Per Share -$3.15 $0.08
COMMON SHARES
Basic Shares Outstanding 141.2M shares 134.3M shares
Diluted Shares Outstanding 99.57M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.24M $145.7K
YoY Change 13009.51% -0.21%
Cash & Equivalents $39.24M $145.7K
Short-Term Investments
Other Short-Term Assets $105.0K $113.9K
YoY Change -41.41% 49.18%
Inventory
Prepaid Expenses
Receivables $91.18M $73.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $130.8M $259.6K
YoY Change 27228.18% 16.75%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $46.74M
YoY Change -83.92%
Other Assets $640.0K $729.0K
YoY Change
Total Long-Term Assets $25.90M $46.74M
YoY Change -42.88% -83.92%
TOTAL ASSETS
Total Short-Term Assets $130.8M $259.6K
Total Long-Term Assets $25.90M $46.74M
Total Assets $156.7M $47.00M
YoY Change 241.88% -83.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $966.0K $4.099M
YoY Change -45.08% 285.32%
Accrued Expenses $9.138M $2.473M
YoY Change
Deferred Revenue $100.0K $2.800M
YoY Change
Short-Term Debt $0.00 $4.800M
YoY Change -100.0% 220.0%
Long-Term Debt Due $10.52M
YoY Change
Total Short-Term Liabilities $38.47M $12.87M
YoY Change 482.58% 336.74%
LONG-TERM LIABILITIES
Long-Term Debt $59.26M $0.00
YoY Change
Other Long-Term Liabilities $51.00K $11.87M
YoY Change -99.68% 16.71%
Total Long-Term Liabilities $51.00K $11.87M
YoY Change -99.68% 16.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.47M $12.87M
Total Long-Term Liabilities $51.00K $11.87M
Total Liabilities $153.8M $24.74M
YoY Change 588.82% 88.6%
SHAREHOLDERS EQUITY
Retained Earnings -$397.5M -$24.49M
YoY Change 1724.76% 96.23%
Common Stock $405.2M $36.39M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.923M $22.26M
YoY Change
Total Liabilities & Shareholders Equity $156.7M $47.00M
YoY Change 241.88% -83.85%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q4
OPERATING ACTIVITIES
Net Income -$314.0M $949.7K
YoY Change 5737.82% -57.61%
Depreciation, Depletion And Amortization $7.000K $128.0K
YoY Change
Cash From Operating Activities -$5.999M -$722.2K
YoY Change 204.57% 20.88%
INVESTING ACTIVITIES
Capital Expenditures $5.000K $24.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$252.0K
YoY Change -164.29%
Cash From Investing Activities -$5.000K -$252.0K
YoY Change -100.37% -164.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 44.43M 480.0K
YoY Change 6247.29%
NET CHANGE
Cash From Operating Activities -5.999M -722.2K
Cash From Investing Activities -5.000K -252.0K
Cash From Financing Activities 44.43M 480.0K
Net Change In Cash 38.43M -494.2K
YoY Change 53764.59% 140.59%
FREE CASH FLOW
Cash From Operating Activities -$5.999M -$722.2K
Capital Expenditures $5.000K $24.00K
Free Cash Flow -$6.004M -$746.2K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-40129
dei Entity Registrant Name
EntityRegistrantName
ILEARNINGENGINES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
85-3961600
dei Entity Address Address Line1
EntityAddressAddressLine1
6701 Democracy Blvd
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 300
dei Entity Address City Or Town
EntityAddressCityOrTown
Bethesda
dei Entity Address State Or Province
EntityAddressStateOrProvince
MD
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
20817
dei City Area Code
CityAreaCode
(650)
dei Local Phone Number
LocalPhoneNumber
248-9874
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
141173275 shares
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39242000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4763000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
2000000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
847000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
336000 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
91182000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
73498000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
253000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
509000 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
88000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
62000 usd
CY2024Q2 us-gaap Prepaid Taxes
PrepaidTaxes
17000 usd
CY2024Q2 us-gaap Assets Current
AssetsCurrent
130782000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
80832000 usd
CY2024Q2 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
17150000 usd
CY2023Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
13602000 usd
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
640000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
729000 usd
CY2024Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
8114000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
5703000 usd
CY2023Q4 us-gaap Deferred Costs
DeferredCosts
3990000 usd
CY2024Q2 us-gaap Assets
Assets
156686000 usd
CY2023Q4 us-gaap Assets
Assets
105321000 usd
CY2024Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
966000 usd
CY2023Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
3753000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9138000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2982000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
10517000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
95000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2765000 usd
CY2024Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
3037000 usd
CY2023Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
3037000 usd
CY2024Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
15839000 usd
CY2024Q2 aile Derivative Financial Instrument Forward Purchase Agreement
DerivativeFinancialInstrumentForwardPurchaseAgreement
267000 usd
CY2024Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2473000 usd
CY2024Q2 us-gaap Notes Payable Current
NotesPayableCurrent
35000 usd
CY2024Q2 aile Equity Settled Transaction Costs Payable
EquitySettledTransactionCostsPayable
6500000 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
123000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
116000 usd
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
38473000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
23170000 usd
CY2023Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
31547000 usd
CY2024Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
5568000 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
11870000 usd
CY2024Q2 aile Capitalized Financing Cost
CapitalizedFinancingCost
744000 usd
CY2023Q4 aile Capitalized Financing Cost
CapitalizedFinancingCost
744000 usd
CY2024Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
59256000 usd
CY2023Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
10679000 usd
CY2024Q2 us-gaap Junior Subordinated Long Term Notes
JuniorSubordinatedLongTermNotes
50415000 usd
CY2023Q4 us-gaap Junior Subordinated Long Term Notes
JuniorSubordinatedLongTermNotes
49163000 usd
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
51000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
74000 usd
CY2024Q2 us-gaap Liabilities
Liabilities
153763000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
126503000 usd
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
700000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
700000000 shares
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
141173275 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
141173275 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
77242379 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
77242379 shares
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
14000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
8000 usd
CY2024Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
405192000 usd
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
36386000 usd
CY2024Q2 aile Prepaid Forward Purchase Agreement
PrepaidForwardPurchaseAgreement
4746000 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-397537000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-57576000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
2923000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-21182000 usd
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
156686000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
105321000 usd
CY2024Q2 us-gaap Revenues
Revenues
135538000 usd
CY2023Q2 us-gaap Revenues
Revenues
101245000 usd
us-gaap Revenues
Revenues
260473000 usd
us-gaap Revenues
Revenues
195225000 usd
CY2024Q2 us-gaap Cost Of Revenue
CostOfRevenue
41845000 usd
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
30094000 usd
us-gaap Cost Of Revenue
CostOfRevenue
80559000 usd
us-gaap Cost Of Revenue
CostOfRevenue
61645000 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
93693000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
71151000 usd
us-gaap Gross Profit
GrossProfit
179914000 usd
us-gaap Gross Profit
GrossProfit
133580000 usd
CY2024Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
137662000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
36854000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
178885000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
68466000 usd
CY2024Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41245000 usd
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
30433000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
78344000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
59015000 usd
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
178907000 usd
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
67287000 usd
us-gaap Operating Expenses
OperatingExpenses
257229000 usd
us-gaap Operating Expenses
OperatingExpenses
127481000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-85214000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3864000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-77315000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
6099000 usd
CY2024Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1398000 usd
CY2023Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
1567000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
3384000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
3155000 usd
CY2024Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
37395000 usd
CY2023Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
410000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
52513000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
690000 usd
CY2024Q2 aile Change In Fair Value Of Wti Loan
ChangeInFairValueOfWTILoan
1292000 usd
aile Change In Fair Value Of Wti Loan
ChangeInFairValueOfWTILoan
1292000 usd
CY2024Q2 us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
-15547000 usd
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
-15547000 usd
CY2024Q2 aile Change In Fair Value Of Derivative Financial Instrument Make Whole Provision
ChangeInFairValueOfDerivativeFinancialInstrumentMakeWholeProvision
14643000 usd
aile Change In Fair Value Of Derivative Financial Instrument Make Whole Provision
ChangeInFairValueOfDerivativeFinancialInstrumentMakeWholeProvision
14643000 usd
CY2024Q2 aile Change In Fair Value Of Convertible Notes
ChangeInFairValueOfConvertibleNotes
169860000 usd
CY2023Q2 aile Change In Fair Value Of Convertible Notes
ChangeInFairValueOfConvertibleNotes
3038000 usd
aile Change In Fair Value Of Convertible Notes
ChangeInFairValueOfConvertibleNotes
175325000 usd
aile Change In Fair Value Of Convertible Notes
ChangeInFairValueOfConvertibleNotes
3038000 usd
CY2024Q2 aile Gain From Forgiveness Of Transaction Costs
GainFromForgivenessOfTransactionCosts
-700000 usd
aile Gain From Forgiveness Of Transaction Costs
GainFromForgivenessOfTransactionCosts
-700000 usd
CY2024Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
8160000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1881000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-52000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
45000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-52000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-15000 usd
CY2024Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2000 usd
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
6000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2000 usd
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-228745000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4964000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-261357000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6900000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-313959000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1100000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-338672000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-801000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
67000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
804000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1289000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
652000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-314026000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1904000 usd
us-gaap Net Income Loss
NetIncomeLoss
-339961000 usd
us-gaap Net Income Loss
NetIncomeLoss
-1453000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.15
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.85
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99569095 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77242379 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88405737 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77242379 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99569095 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77242379 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88405737 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77242379 shares
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-314026000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
235092000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
8330000 usd
CY2024Q2 aile Stock Issued During Period Value Issuance Of Ile Common Stock For Arrw Class A Shares
StockIssuedDuringPeriodValueIssuanceOfILECommonStockForARRWClassAShares
-5906000 usd
CY2024Q2 aile Stock Issued During Period Value Issuance Of Ile Common Stock Pursuant To A Nonredemption Agreement
StockIssuedDuringPeriodValueIssuanceOfILECommonStockPursuantToANonredemptionAgreement
763000 usd
CY2024Q2 aile Stock Issued During Period Value Issuance Of Ile Common Stock For Wti Warrants Pursuant To The Amended Term Loan And Loan Re
StockIssuedDuringPeriodValueIssuanceOfILECommonStockForWTIWarrantsPursuantToTheAmendedTermLoanAndLoanRe
79560000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
-8160000 usd
CY2024Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1594000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
4746000 usd
CY2024Q2 aile Stock Issued During Period Value Exchange Arrw Warrants To Ile Public Warrants
StockIssuedDuringPeriodValueExchangeARRWWarrantsToILEPublicWarrants
4154000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
20748000 usd
CY2024Q2 aile Stock Issued During Period Value Impact Of Reversing Historical Arrw Accumulated Deficit To Additional Paidin Capital
StockIssuedDuringPeriodValueImpactOfReversingHistoricalARRWAccumulatedDeficitToAdditionalPaidinCapital
-34243000 usd
CY2024Q2 aile Stock Issued During Period Value Issuance Of Ile Common Stock For Fee Equitization
StockIssuedDuringPeriodValueIssuanceOfILECommonStockForFeeEquitization
10300000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
88043000 usd
CY2024Q2 aile Stock Issued During Period Value Deferred Tax Asset Reclass
StockIssuedDuringPeriodValueDeferredTaxAssetReclass
3137000 usd
CY2024Q2 aile Stock Issued During Period Value Stock Withheld Related To Taxes On Vested Restricted Stock Units
StockIssuedDuringPeriodValueStockWithheldRelatedToTaxesOnVestedRestrictedStockUnits
-4916000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
2923000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1904000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-18228000 usd
us-gaap Net Income Loss
NetIncomeLoss
-339961000 usd
us-gaap Net Income Loss
NetIncomeLoss
-1453000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
61000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
39000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
667000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1040000 usd
aile Provision For Deferred Taxes
ProvisionForDeferredTaxes
726000 usd
aile Provision For Deferred Taxes
ProvisionForDeferredTaxes
371000 usd
aile Accretion Of Interest On Subordinated Payable To Technology Partner
AccretionOfInterestOnSubordinatedPayableToTechnologyPartner
1252000 usd
aile Accretion Of Interest On Subordinated Payable To Technology Partner
AccretionOfInterestOnSubordinatedPayableToTechnologyPartner
834000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
52513000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
690000 usd
aile Change In Fair Value Of Wti Loans
ChangeInFairValueOfWTILoans
1292000 usd
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
-15547000 usd
aile Change In Fair Value Of Convertible Notes
ChangeInFairValueOfConvertibleNotes
175325000 usd
aile Change In Fair Value Of Convertible Notes
ChangeInFairValueOfConvertibleNotes
3038000 usd
aile Change In Fair Value Of Makewhole Provision
ChangeInFairValueOfMakewholeProvision
14643000 usd
aile Gain From Forgiveness Of Deferred Transaction Costs
GainFromForgivenessOfDeferredTransactionCosts
-700000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1881000 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
511000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
88043000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
18195000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13817000 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-465000 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-130000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-256000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-6474000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-31000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-29000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
3548000 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
5556000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
4153000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
304000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
683000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
36000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2670000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1133000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
248000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9609000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6460000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7000 usd
aile Reduction Of Deferred Underwriting Fees
ReductionOfDeferredUnderwritingFees
14000 usd
aile Reduction Of Deferred Underwriting Fees
ReductionOfDeferredUnderwritingFees
7000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
35000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
26169000 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
4427000 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
5000000 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
29415000 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
9900000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
60000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
781000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
400000 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
400000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
15918000 usd
aile Proceeds From Business Combination
ProceedsFromBusinessCombination
-5430000 usd
aile Prepayment Of Forward Purchase Agreement
PrepaymentOfForwardPurchaseAgreement
4994000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4916000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
42102000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10473000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
32479000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
4006000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6763000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
856000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39242000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4862000 usd
us-gaap Interest Paid Net
InterestPaidNet
753000 usd
us-gaap Interest Paid Net
InterestPaidNet
1286000 usd
aile Warrants Issued In Connection With New Debt
WarrantsIssuedInConnectionWithNewDebt
515000 usd
aile Issuance Of Ile Common Stock For Fee Equitization
IssuanceOfILECommonStockForFeeEquitization
10300000 usd
aile Issuance Of Ile Common Stock For Wti Warrants Pursuant To The Amended Term Loan And Loan Re
IssuanceOfILECommonStockForWTIWarrantsPursuantToTheAmendedTermLoanAndLoanRe
79560000 usd
aile Cancellation Of Loan Restructuring Shares
CancellationOfLoanRestructuringShares
-8160000 usd
aile Issuance Of Common Stock To Settle Amended Term Loan
IssuanceOfCommonStockToSettleAmendedTermLoan
1594000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">Concentration of Credit Risk and Major Sales Channels</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">Financial investments that potentially subject the Company to credit risk consist of cash. The Company places its cash with certain U.S. financial institutions. At various times, the Company’s cash deposits with any one financial institution may exceed the amount insured by the Federal Deposit Insurance Corporation. The Company has not experienced any losses of such amounts and management believes it is not exposed to any significant credit risk on its cash.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">During the three months ended June 30, 2024, there were four customers, representing 16.0%, 13.0%, 12.4%, and 10.6% respectively, who individually accounted for 10% or more of the Company’s revenue. During the three months ended June 30, 2023, there were five customers, representing 20.0%, 16.6%, 12.1%, 11.5% and 10.9%, respectively, who individually accounted for 10% or more of the Company’s revenue.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">During the six months ended June 30, 2024, there were four customers, representing 16.3%, 12.9%, 11.3% and 10.9%, respectively, who individually accounted for 10.0% or more of the Company’s revenue. During the six months ended June 30, 2023, there were five customers, representing 18.9%, 14.2%, 13.3%, 12.6% and 10.4%, respectively, who individually accounted for 10.0% or more of the Company’s revenue.</span></p>
CY2024Q2 aile Deferred Underwriting Fee Payable Non Current
DeferredUnderwritingFeePayableNonCurrent
6500000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
800000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
300000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
336000 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
511000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
847000 usd
CY2024Q2 us-gaap Revenues
Revenues
135538000 usd
CY2023Q2 us-gaap Revenues
Revenues
101245000 usd
us-gaap Revenues
Revenues
260473000 usd
us-gaap Revenues
Revenues
195225000 usd
CY2024Q2 us-gaap Revenues
Revenues
135538000 usd
CY2023Q2 us-gaap Revenues
Revenues
101245000 usd
us-gaap Revenues
Revenues
260473000 usd
us-gaap Revenues
Revenues
195225000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
300000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
500000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
100000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2800000 usd
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
330600000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.85 pure
CY2023Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2500000 shares
CY2024Q2 aile Forward Purchase Agreement Description
ForwardPurchaseAgreementDescription
On April 9, 2024, the Company and Polar entered into an agreement to the amend the FPA, pursuant to which the Company and Polar agreed to remove any obligations for Polar to purchase, and for the Company to pay any prepayment amount relating to, the Private Shares (as defined in the FPA) in exchange for the Company’s payment of approximately $0.2 million to Polar, thereby reducing the aggregate number of shares of Common Stock could be required to purchase from Polar from 2.5 million shares to 445,000 shares.
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.05 pure
CY2024Q2 aile Exchanges Ratio
ExchangesRatio
0.80615 pure
CY2024Q2 aile Prepayment For Forward Purchase Agreement
PrepaymentForForwardPurchaseAgreement
5000000 usd
CY2024Q2 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
11500000 usd
us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
1100000 usd
CY2024Q2 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
4600000 usd
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
815999 shares
CY2024Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
932000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1742000 usd
CY2024Q2 aile Accrued Transaction Cost
AccruedTransactionCost
4613000 usd
CY2023Q4 aile Accrued Transaction Cost
AccruedTransactionCost
863000 usd
CY2024Q2 us-gaap Interest Payable Current
InterestPayableCurrent
760000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2833000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
377000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9138000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2982000 usd
CY2023Q4 us-gaap Junior Subordinated Long Term Notes
JuniorSubordinatedLongTermNotes
49163000 usd
CY2024Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1252000 usd
CY2024Q2 us-gaap Junior Subordinated Long Term Notes
JuniorSubordinatedLongTermNotes
50415000 usd
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
600000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
1300000 usd
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
400000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
800000 usd
CY2020Q4 us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
10000000 usd
CY2020Q4 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
6.94
CY2023Q1 us-gaap Bridge Loan
BridgeLoan
5000000 usd
CY2021Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.115 pure
CY2020Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
440021 shares
CY2020Q4 aile Proceeds From Issuance Of Warrant
ProceedsFromIssuanceOfWarrant
55005 shares
CY2023Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
5000000 usd
us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
6.94
CY2023Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
10000000 usd
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
220681 shares
CY2023Q4 aile Warrant Exercise Price
WarrantExercisePrice
10.14
CY2024Q1 aile Repayment Of Shares Issued
RepaymentOfSharesIssued
1019999 shares
CY2024Q1 aile Outstanding Warrants Issued
OutstandingWarrantsIssued
1094299 shares
CY2024Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
15500000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
15500000 usd
CY2024Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1300000 usd
CY2024Q2 aile Amended Term Loans
AmendedTermLoans
24000000 usd
CY2024Q2 us-gaap Loss On Contract Termination
LossOnContractTermination
26800 usd
CY2024Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
8200000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1900000 usd
CY2024Q2 aile Revolving Loans
RevolvingLoans
40000000 usd
CY2024Q2 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.04 pure
CY2024Q2 us-gaap Financing Receivable Revolving Converted To Term Loan
FinancingReceivableRevolvingConvertedToTermLoan
8000000 usd
CY2024Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
20000000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
744000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3800000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
59256000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
21196000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
10517000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
59256000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
10679000 usd
CY2024Q2 us-gaap Interest Expense Other
InterestExpenseOther
700000 usd
CY2023Q2 us-gaap Interest Expense Other
InterestExpenseOther
600000 usd
us-gaap Interest Expense Other
InterestExpenseOther
1400000 usd
us-gaap Interest Expense Other
InterestExpenseOther
1300000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
37000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
500000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
700000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000 usd
aile Public Warrants
PublicWarrants
14374975 shares
aile Private Placement Warrants
PrivatePlacementWarrants
8250000 shares
aile Warrant Liability Outstanding
WarrantLiabilityOutstanding
5600000 usd
CY2023 aile Warrant Liability Outstanding
WarrantLiabilityOutstanding
0 usd
aile Class Of Warrant Or Right Redemption Of Warrants Or Rights Stock Price Trigger
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsStockPriceTrigger
18
aile Price Per Warrant
PricePerWarrant
0.01
aile Class Of Warrant Or Right Minimum Threshold Written Notice Period For Redemption Of Warrants
ClassOfWarrantOrRightMinimumThresholdWrittenNoticePeriodForRedemptionOfWarrants
P30D
aile Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Trading Days
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdTradingDays
P20D
aile Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Consecutive Trading Days
ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdConsecutiveTradingDays
P30D
CY2023Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
31547000 usd
CY2024Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
15839000 usd
CY2024Q2 us-gaap Convertible Debt
ConvertibleDebt
15839000 usd
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
31547000 usd
CY2024Q2 aile Number Of Trading Days
NumberOfTradingDays
P10D
CY2024Q2 aile Change In Fair Value Of Derivative Financial Instrument Make Whole Provision
ChangeInFairValueOfDerivativeFinancialInstrumentMakeWholeProvision
14600000 usd
aile Percentage Of Outstanding Shares
PercentageOfOutstandingShares
0.10 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.15 pure
aile Minimum Percentage Of Fair Market Value Of Business Acquisition To Trust Account Balance
MinimumPercentageOfFairMarketValueOfBusinessAcquisitionToTrustAccountBalance
0.85 pure
us-gaap Long Term Contract For Purchase Of Electric Power Annual Minimum Debt Service Payment Required
LongTermContractForPurchaseOfElectricPowerAnnualMinimumDebtServicePaymentRequired
25000000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
1200000 shares
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
82300000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
88043000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
88043000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1938000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1938000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
86105000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
86105000 usd
CY2023Q2 us-gaap Investment Maturity Date
InvestmentMaturityDate
2025-04-16
CY2023Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
246600 usd
us-gaap Prepayment Fees On Advances Net
PrepaymentFeesOnAdvancesNet
5000000 usd
CY2024Q2 us-gaap Cash
Cash
5000000 usd
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
4800000 usd
CY2024Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
246600 usd
CY2024Q2 aile Derivative Financial Instrument Forward Purchase Agreement
DerivativeFinancialInstrumentForwardPurchaseAgreement
300000 usd
CY2024Q2 aile Operating Income Tax Loss
OperatingIncomeTaxLoss
314000000 usd
CY2023Q2 aile Operating Income Tax Loss
OperatingIncomeTaxLoss
1900000 usd
aile Operating Income Tax Loss
OperatingIncomeTaxLoss
340000000 usd
aile Operating Income Tax Loss
OperatingIncomeTaxLoss
1500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-314026000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1904000 usd
us-gaap Net Income Loss
NetIncomeLoss
-339961000 usd
us-gaap Net Income Loss
NetIncomeLoss
-1453000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-314026000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1904000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-339961000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1453000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99569095 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77242379 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88405737 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77242379 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99569095 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77242379 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88405737 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77242379 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.15
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.85
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.15
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.85
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
3000000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
3000000 usd
us-gaap Payments For Fees
PaymentsForFees
7500000 usd
CY2024Q2 aile Distribution Feein Shares
DistributionFeeinShares
6500000 usd
CY2024Q2 us-gaap General Partners Cumulative Cash Distributions
GeneralPartnersCumulativeCashDistributions
1000000 usd
CY2024Q2 aile Equity Settled Transaction Costs Payable
EquitySettledTransactionCostsPayable
6500000 usd
us-gaap Business Combination Price Of Acquisition Expected
BusinessCombinationPriceOfAcquisitionExpected
30000000 usd
aile Contractual Term Renew
ContractualTermRenew
P5Y
CY2024Q2 us-gaap Business Combination Acquired Receivables Gross Contractual Amount
BusinessCombinationAcquiredReceivablesGrossContractualAmount
50300000 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.01 pure
aile Excise Tax Percentage
ExciseTaxPercentage
0.01 pure
aile Excise Tax Accrual Amount
ExciseTaxAccrualAmount
2500000 usd
CY2024Q2 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
53000 usd
CY2024Q3 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
35000000 usd
us-gaap Proceeds From License Fees Received
ProceedsFromLicenseFeesReceived
50300000 usd
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
usd
CY2024Q2 us-gaap Deferred Costs
DeferredCosts
usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
usd
CY2023Q4 aile Derivative Financial Instrument Forward Purchase Agreement
DerivativeFinancialInstrumentForwardPurchaseAgreement
usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
usd
CY2023Q4 aile Equity Settled Transaction Costs Payable
EquitySettledTransactionCostsPayable
usd
CY2024Q2 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
usd
CY2023Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
usd
CY2024Q2 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
usd
CY2023Q4 aile Prepaid Forward Purchase Agreement
PrepaidForwardPurchaseAgreement
usd
CY2023Q2 aile Change In Fair Value Of Wti Loan
ChangeInFairValueOfWTILoan
usd
aile Change In Fair Value Of Wti Loan
ChangeInFairValueOfWTILoan
usd
CY2023Q2 us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
usd
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
usd
CY2023Q2 aile Change In Fair Value Of Derivative Financial Instrument Make Whole Provision
ChangeInFairValueOfDerivativeFinancialInstrumentMakeWholeProvision
usd
aile Change In Fair Value Of Derivative Financial Instrument Make Whole Provision
ChangeInFairValueOfDerivativeFinancialInstrumentMakeWholeProvision
usd
CY2023Q2 aile Gain From Forgiveness Of Transaction Costs
GainFromForgivenessOfTransactionCosts
usd
aile Gain From Forgiveness Of Transaction Costs
GainFromForgivenessOfTransactionCosts
usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.85
CY2024Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2024Q2 aile Stock Issued During Period Value Vesting Of Restricted Stock Unit
StockIssuedDuringPeriodValueVestingOfRestrictedStockUnit
usd
CY2024Q2 aile Stock Issued During Period Value Vesting Of Restricted Stock
StockIssuedDuringPeriodValueVestingOfRestrictedStock
usd
aile Change In Fair Value Of Wti Loans
ChangeInFairValueOfWTILoans
usd
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
usd
aile Change In Fair Value Of Makewhole Provision
ChangeInFairValueOfMakewholeProvision
usd
aile Gain From Forgiveness Of Deferred Transaction Costs
GainFromForgivenessOfDeferredTransactionCosts
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
usd
us-gaap Share Based Compensation
ShareBasedCompensation
usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
usd
aile Proceeds From Business Combination
ProceedsFromBusinessCombination
usd
aile Prepayment Of Forward Purchase Agreement
PrepaymentOfForwardPurchaseAgreement
usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
usd
aile Warrants Issued In Connection With New Debt
WarrantsIssuedInConnectionWithNewDebt
usd
aile Issuance Of Ile Common Stock For Fee Equitization
IssuanceOfILECommonStockForFeeEquitization
usd
aile Issuance Of Ile Common Stock For Wti Warrants Pursuant To The Amended Term Loan And Loan Re
IssuanceOfILECommonStockForWTIWarrantsPursuantToTheAmendedTermLoanAndLoanRe
usd
aile Cancellation Of Loan Restructuring Shares
CancellationOfLoanRestructuringShares
usd
aile Issuance Of Common Stock To Settle Amended Term Loan
IssuanceOfCommonStockToSettleAmendedTermLoan
usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
usd
CY2019 aile Initial Term
InitialTerm
P5Y
CY2019 aile Renewal Term
RenewalTerm
P5Y
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
usd
CY2024Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
usd
CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
usd
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-314026000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-339961000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1453000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1904000 usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001835972

Files In Submission

Name View Source Status
0001213900-24-068240-index-headers.html Edgar Link pending
0001213900-24-068240-index.html Edgar Link pending
0001213900-24-068240.txt Edgar Link pending
0001213900-24-068240-xbrl.zip Edgar Link pending
aile-20240630.xsd Edgar Link pending
ea0210766-10q_ilearn.htm Edgar Link pending
ea021076601ex31-1_ilearn.htm Edgar Link pending
ea021076601ex31-2_ilearn.htm Edgar Link pending
ea021076601ex32-1_ilearn.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
image_002.jpg Edgar Link pending
image_003.jpg Edgar Link pending
image_004.jpg Edgar Link pending
image_005.jpg Edgar Link pending
image_006.jpg Edgar Link pending
image_007.jpg Edgar Link pending
image_008.jpg Edgar Link pending
image_009.jpg Edgar Link pending
image_010.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
aile-20240630_def.xml Edgar Link unprocessable
aile-20240630_lab.xml Edgar Link unprocessable
aile-20240630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
ea0210766-10q_ilearn_htm.xml Edgar Link completed
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
aile-20240630_cal.xml Edgar Link unprocessable