On December 31, 2025, the Company agreed to assign and transfer to Happy Hour Entertainment Holdings Ltd. the domain name www. casinoroom.com and all variations and extensions the “Casino Room Domain”. In exchange for the Casino Room Domain, the Company received 100% of the issued and allotted share capital of Happy Hour Solutions Limited. Which holds a valid remote gambling license issued by the Estonian Tax and Customs Board.

The sale of the Casino Room Domain represents a strategic shift for the Company and resulted in a loss on disposition of $0.3 million, net, with income from discontinued operations of $2.5 million for a total income of $3.2 million, which was recorded in net income from discontinued operations in the consolidated statement of operations for the year ended December 31, 2025. The operating results of the Casino Room Domain were reported as net income from discontinued operations in the consolidated statements of operations through December 31, 2025, the date of disposition, and were considered material. The net income from discontinued operations of $2.7 million for the period ended December 31, 2024 represents the Casino Room Domain’s operating results from the prior year. The assets and liabilities related to the Casino Room Domain have been separately classified in the accompanying consolidated balance sheet as of December 31, 2025 and 2024.

The assets and liabilities associated with discontinued operations consisted of the following as of December 31, 2025 and 2024, respectively:

(in thousands)	December 31, 2025		December 31, 2024
Assets
Prepaid expenses and other current assets	$	—	$	22
Due from affiliates		—		1,120
Intangible assets, net		—		287
Total assets	$	—	$	1,429

Liabilities and stockholders’ equity
Accounts payable	$	—	$	632
Due to affiliates		—		77
Total liabilities		—		709

The following table summarizes the Company’s income from discontinued operations for the years ended December 31, 2025 and 2024, respectively:

(in thousands)	2025		2024
Revenue	$	5,593	$	4,676

Operating expenses
Direct operating costs		—		20
Direct operating costs (related party)		3,154		351
General and administrative		7		79
General and administrative (related party)		14		175
Advertising and promotions		—		1,356
Total operating expenses		3,175		1,981
Income from operations		2,418		2,695

Interest expense, net		—		—
Loss on disposition		(322)		—
Reclassification of accumulated other comprehensive income balance		375		—

Income before income taxes		2,471		2,695
Income tax expense		—		—
Net income from discontinued operations	$	2,471	$	2,695

The consolidated statements of cash flows includes continuing operations and discontinued operations. The following table summarizes the cash flows from operations of discontinued operations for the years ended December 31: