v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 22,432 $ 3,465
Restricted cash 1,048 13,087
Property held for lease, net of accumulated depreciation and impairment (Note 3) 73,691 67,085
Prepaid expenses and other current assets 4,257 6,731
Deferred financing costs, net 3,802 0
Total current assets 105,230 90,368
Property and equipment, net 163 253
Security deposits 15 91
Capitalized software and intangible assets, net 2,119 2,076
Right-of-use assets, non-current 339 383
Total assets 107,866 93,171
Current liabilities:    
Accounts payable 1,891 1,491
Accrued liabilities (Note 5) 17,701 17,372
Accrued litigation settlement (Note 11) 750 2,199
Unearned revenue 4,883 4,823
Revolving line of credit, net (Note 6) 78,727 82,582
Term loan, net (Note 6) 0 30,047
Lease liabilities 51 179
Derivative liability (Note 12) 13,600 0
Total current liabilities 117,603 138,693
Other liabilities 45 828
Lease liabilities, non-current 392 444
Total liabilities 118,040 139,965
MEZZANINE EQUITY    
Total mezzanine equity 27,909 0
STOCKHOLDERS' DEFICIT    
Common stock, $.0001 par value; 250,000,000 shares authorized; 4,750,258 and 4,446,540 shares issued and outstanding at December 31, 2025 and 2024, respectively 0 0
Additional paid-in capital 109,003 101,657
Accumulated deficit (147,086) (148,451)
Total stockholders' deficit (38,083) (46,794)
Total liabilities, mezzanine equity and stockholders' deficit 107,866 93,171
Series A Convertible Preferred Stock    
MEZZANINE EQUITY    
Total mezzanine equity 11,308 0
Series B Convertible Preferred Stock    
MEZZANINE EQUITY    
Total mezzanine equity $ 16,601 $ 0