v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 22,348 $ 22,432
Restricted cash 5,772 1,048
Property held for lease, net of accumulated depreciation and impairment (Note 3) 67,308 73,691
Prepaid expenses and other current assets 3,104 4,257
Deferred financing costs, net 2,778 3,802
Total current assets 101,310 105,230
Property and equipment, net 144 163
Capitalized software and intangible assets, net 2,204 2,119
Right-of-use assets, non-current 326 339
Security deposits 15 15
Total assets 103,999 107,866
Current liabilities:    
Accounts payable 4,287 1,891
Accrued liabilities (Note 4) 16,402 17,701
Accrued litigation settlement (Note 10) 500 750
Unearned revenue 5,454 4,883
Revolving line of credit, net (Note 5) 71,615 78,727
Derivative liability (Note 11) 9,300 13,600
Lease liabilities 53 51
Total current liabilities 107,611 117,603
Lease liabilities, non-current 377 392
Other liabilities 29 45
Total liabilities 108,017 118,040
MEZZANINE EQUITY    
Total mezzanine equity 27,909 27,909
STOCKHOLDERS' DEFICIT    
Common stock, $.0001 par value; 250,000,000 shares authorized; 4,765,058 and 4,750,258 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 109,473 109,003
Accumulated deficit (141,400) (147,086)
Total stockholders' deficit (31,927) (38,083)
Total liabilities, mezzanine equity and stockholders' deficit 103,999 107,866
Series A Convertible Preferred Stock    
MEZZANINE EQUITY    
Total mezzanine equity 11,308 11,308
Series B Convertible Preferred Stock    
MEZZANINE EQUITY    
Total mezzanine equity $ 16,601 $ 16,601