v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (5,913) $ (3,024)
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]    
Depreciation and amortization 6,066 4,674
(Gain) on disposition of investments 0 (587)
(Gain) on extinguishment of debt (2,391) 0
Impairment of long-lived assets 0 70
Amortization of capitalized promotions 302 315
Other non-cash, net (11) 63
Change in assets and liabilities:    
Net (increase) decrease in prepaid expenses and other assets (739) (587)
Net increase (decrease) in accounts payable and accrued expenses (3,927) (3,474)
Net increase (decrease) in other liabilities 254 (197)
Net (increase) decrease in due from affiliates 398 368
Net (increase) decrease in interest receivable (320) (236)
Net cash used in operating activities (6,281) (2,615)
Cash flows from investing activities    
Capitalized internal-use software development costs (3,841) (7,500)
Proceeds from disposition of investments 0 1,772
Other, net (73) (63)
Net cash used in investing activities (3,914) (5,791)
Cash flows from financing activities    
Distribution of Member’s Equity of NCI (53) (54)
Proceeds from the issuance of Class B Common Stock, net of offering costs   (21)
Proceeds from the issuance of Class B Common Stock, net of offering costs 4,536  
Redemptions of Class B Common Stock (3,622) (3,259)
Exercise of Class A Common Stock 13 0
Payment of principal on loan payable (374) 0
Proceeds from settling subscriptions 75 0
Net cash provided by (used in) financing activities 575 (3,334)
Net increase (decrease) in cash and cash equivalents (9,620) (11,740)
Cash, restricted cash and cash equivalents, beginning of period 21,155 41,065
Cash, restricted cash and cash equivalents, end of period 11,535 29,325
Supplemental Cash Flow Information [Abstract]    
Cash paid for interest 0 0
Cash paid for income taxes $ 0 $ 68