Discontinued Operations

3 Months Ended

Mar. 31, 2026

Discontinued Operations and Disposal Groups [Abstract]

3. Discontinued Operations

During the fourth quarter of 2022 and calendar year 2023, the Company entered into a series of transactions, discontinuing certain business lines while enhancing our reverse mortgage loan business, in order to transform our business from a vertically integrated lending and complementary services platform to a business focused on providing home equity-based financing solutions for a modern retirement. This constituted a strategic shift that has had a major effect on our operations and financial results.

There were no discontinued operations for the three months ended March 31, 2026. For the three months ended March 31, 2025, the Company reported discontinued operations as presented below (in thousands):


	Three months ended March 31, 2025
Expenses
General and administrative expenses	$	4,750

Net loss from discontinued operations before and after income taxes	(4,750)
Net loss from discontinued operations attributable to noncontrolling interest	(2,722)
Net loss from discontinued operations attributable to controlling interest	$	(2,028)

There were no assets or liabilities related to discontinued operations as of March 31, 2026 and December 31, 2025. There were no material cash flows from discontinued operations for the three months ended March 31, 2026 and 2025.