v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents ($277 and $282 restricted cash as of June 30, 2025 and December 31, 2024, respectively) $ 26,064 $ 825
Accounts receivable ($617 and $1,713 related party as of June 30, 2025 and December 31, 2024, respectively) 1,357 1,716
Contract assets 147 0
Other current assets 979 1,593
Total current assets 28,547 4,134
Investments and advances to equity method investments 55,473 56,560
Operating lease right-of-use assets 3,508 0
Property and equipment, net 1,090 24
Other non-current assets 589 513
Total assets 89,207 61,231
Current liabilities:    
Accounts payable ($594 and $1,669 related party as of June 30, 2025 and December 31, 2024, respectively) 10,160 9,540
Accrued expenses and other current liabilities ($886 and $660 related party as of June 30, 2025 and December 31, 2024, respectively) 26,925 25,870
Short-term advances ($1,500 and $0 related party as of June 30, 2025 and December 31, 2024, respectively) 8,033 0
Operating lease liability, current 420 0
Short-term debt ($904 related party as of June30, 2025 and December 31, 2024) 8,471 8,471
Long-term debt, current 1,956 1,759
Total current liabilities 55,965 45,640
Operating lease liability, net of current portion 2,141 0
Long-term debt, net of current portion ($28,807 and $28,904 related party as of June 30, 2025 and December 31, 2024, respectively) 30,177 30,977
Warrant liabilities 0 4,711
Total liabilities 88,283 81,328
Commitments and contingencies - Note 12
Stockholders' equity (deficit)    
Additional paid-in capital 38,975 37,808
Accumulated deficit (38,927) (46,538)
Accumulated other comprehensive income (loss) 358 (243)
Total equity (deficit) attributable to common stockholders 414 (8,965)
Non-controlling interest 510 (11,132)
Total equity (deficit) 924 (20,097)
Total liabilities and equity 89,207 61,231
Class A Common Stock [Member]    
Stockholders' equity (deficit)    
Common stock, value 3 3
Class B Common Stock [Member]    
Stockholders' equity (deficit)    
Common stock, value $ 5 $ 5