v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net loss $ (11,769) $ (7,869)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:    
Depreciation and amortization 12,307 10,005
(Gain) on disposition of investments 0 (605)
(Gain) on extinguishment of debt (2,391) 0
Impairment of long-lived assets 0 70
Amortization of capitalized promotions 495 642
Other non-cash, net (86) 90
Change in assets and liabilities:    
Net (increase) decrease in prepaid expenses and other assets (1,894) (1,643)
Net increase (decrease) in accounts payable and accrued expenses (1,336) 1,081
Net increase (decrease) in other liabilities 829 (792)
Net (increase) decrease in due from affiliates 210 794
Net cash (used in) provided by operating activities (3,635) 1,773
Cash flows from investing activities    
Capitalized internal-use software development costs (5,889) (13,904)
Issuance of notes receivable 0 (15,250)
Proceeds from payoff of notes receivable 0 11,750
Proceeds from disposition of investments 0 2,079
Other, net (151) (72)
Net cash used in investing activities (6,040) (15,397)
Cash flows from financing activities    
Distribution of Member's Equity of NCI (53) (56)
Proceeds from the issuance of Class B Common Stock, net of offering costs   (59)
Proceeds from the issuance of Class B Common Stock, net of offering costs 6,724  
Redemptions of Class B Common Stock (8,411) (6,171)
Exercise of Class A Common Stock 13 0
Payment of principal on loan payable (374) 0
Net cash used in financing activities (2,101) (6,286)
Net decrease in cash and cash equivalents (11,776) (19,910)
Cash, restricted cash and cash equivalents, beginning of period 21,155 41,065
Cash, restricted cash and cash equivalents, end of period 9,379 21,155
Supplemental disclosures of non-cash investing activity:    
Cash paid for interest 0 0
Cash paid for income taxes 1 5
Capitalization of interest receivable to notes receivable (Note 16) $ 569 $ 0