v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 11,231 $ 21,081 [1]
Restricted cash 304 74 [1]
Due from affiliates 6,749 7,147 [1]
Prepaid expenses $ 1,523 $ 1,619 [1]
Financing Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration] Related Party Related Party
Notes receivable $ 12,500 $ 12,500 [1]
Other current assets, net 2,571 1,569 [1]
Total current assets 34,878 43,990 [1]
Investment in Sponsored Programs 1,289 1,248 [1]
Property, software and equipment, net 32,909 35,082 [1]
Operating lease assets 3,143 3,359 [1]
Other assets, net 3,456 3,614 [1]
Total assets 75,675 87,293 [1]
Current liabilities:    
Accounts payable 948 947 [1]
Accrued expenses 4,758 8,686 [1]
Due to stockholders 2,021 1,449 [1]
Operating lease liabilities, current 1,036 1,023 [1]
Loan payable, current 0 2,690 [1]
Other current liabilities 832 457 [1]
Total current liabilities 9,595 15,252 [1]
Operating lease liabilities, non-current 3,801 4,153 [1]
Other liabilities 277 275 [1]
Total liabilities 13,673 19,680 [1]
Commitments and contingencies (Note 16) [1]
Temporary equity, par value (in dollars per share) $ 0.0001 $ 0.0001
Series A convertible preferred stock $ 25,018 $ 25,018 [1]
STOCKHOLDERS’ EQUITY    
Additional paid-in capital 201,166 200,811 [1]
Accumulated deficit (176,086) (169,846) [1]
Total stockholders’ equity before non-controlling interests 25,083 30,968 [1]
Non-controlling interests in consolidated entity 11,901 11,627 [1]
Total stockholders’ equity 36,984 42,595 [1]
Total liabilities and stockholders’ equity $ 75,675 $ 87,293 [1]
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party Related Party
Common Stock Class A    
STOCKHOLDERS’ EQUITY    
Common stock, value, issued $ 0 $ 0 [1]
Common Stock Class B    
STOCKHOLDERS’ EQUITY    
Common stock, value, issued 2 2 [1]
Common Class F    
STOCKHOLDERS’ EQUITY    
Common stock, value, issued $ 1 $ 1 [1]
[1] Derived from audited financials