Related Party Transactions |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions Principal Stockholders Business Acquisition - On May 12, 2025, the Company entered into a Membership Purchase Agreement to purchase 100% of the membership interests of TravelHost LLC from Simplify for a purchase price of $1,000. In addition to the acquisition of the membership interests, the acquisition also included an assignment of certain contracts from Bridge Media Networks, LLC, an affiliate of Simplify. Term Debt – As of March 31, 2026, the outstanding principal balance on the Term Debt with Renew Group Private Limited (“Renew”) was $97,691. For the three months ended March 31, 2026 and March 31, 2025, the Company paid interest totaling $2,442 and $2,767, respectively. Simplify Loan – For the three months ended March 31, 2026 and 2025, the Company had certain transactions with Simplify, where it paid interest totaling $0 and $194, respectively, under the Simplify Loan. Simplify Revenue – For the three months ended March 31, 2026 and 2025, the Company recognized digital advertising revenue from transactions with Living Essentials, LLC (“Living Essentials”), an affiliated entity of Simplify, totaling $250 and $500, respectively. The outstanding accounts receivable due from Living Essentials were $154 as of March 31, 2026 and $193 as of December 31, 2025. Simplify Expenses – For the three months ended March 31, 2026 and 2025, the Company recognized a reduction of expenses from transactions with Agency 5, LLC ("Agency 5"), an affiliated entity of Simplify, totaling $51 and $0. The outstanding accounts receivable due from Agency 5 was $51 as of March 31, 2026 and $70 as of December 31, 2025. Common Stock Owned by Simplify – Based on the Schedule 13D/A filed with the SEC on December 27, 2024 (which is their most recent filing), Simplify owns approximately 71.14% of the outstanding shares of the Company’s common stock. As a result, Simplify has the ability to determine the outcome of any issue submitted to the Company’s stockholders for approval, including the election of directors. Prior to the consummation of the February 14, 2024 private placement of 5,555,555 shares of the Company's common stock to Simplify, the Company’s public stockholders held a majority of the outstanding shares of the Company’s common stock.
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