v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents ($525 and $532 restricted cash as of March 31, 2026 and December 31, 2025, respectively) $ 1,176 $ 1,868
Accounts receivable ($3,247 and $2,533 related party as of March 31, 2026 and December 31, 2025, respectively) 5,456 3,714
Contract assets 1,535 3,264
Other current assets ($1,053 and $983 related party as of March 31, 2026 and December 31, 2025, respectively) 2,331 1,525
Total current assets 10,498 10,371
Investments and advances to equity method investments 46,621 50,717
Operating lease right-of-use assets 3,023 3,188
Property and equipment, net 957 1,022
Intangible assets, net 1,006 1,063
Other non-current assets 254 341
Total assets 62,359 66,702
Current liabilities:    
Accounts payable ($117 and $215 related party as of March 31, 2026 and December 31, 2025, respectively) 7,616 8,453
Accrued expenses and other current liabilities ($228 and $501 related party as of March 31, 2026 and December 31, 2025, respectively) 5,957 16,429
Contract liabilities 96 19
Operating lease liability, current 481 460
Short-term debt ($736 and $1,386 related party as of March 31, 2026 and December 31, 2025, respectively) 736 1,386
Long-term debt, current 8,522 1,769
Total current liabilities 23,408 28,516
Operating lease liability, net of current portion 1,773 1,900
Long-term debt, net of current portion ($7,349 and $5,024 related party as of March 31, 2026 and December 31, 2025 respectively) 7,484 12,465
Total liabilities 32,665 42,881
Commitments and contingencies - Note 7
Stockholders' equity    
Series B preferred stock ($0.0001 par value, 8,000,000 shares authorized; 6,897,869 and 6,715,721 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively; Liquidation preference of $34.5 million and $33.6 million as of March 31, 2026 and December 31, 2025, respectively) 1 1
Additional paid-in capital 56,462 55,767
Accumulated deficit (41,624) (44,239)
Accumulated other comprehensive income (loss) 66 387
Total equity attributable to common stockholders 14,915 11,926
Non-controlling interest 14,779 11,895
Total equity 29,694 23,821
Total liabilities and equity 62,359 66,702
Class A Common Stock [Member]    
Stockholders' equity    
Common stock, value 4 4
Class B Common Stock [Member]    
Stockholders' equity    
Common stock, value $ 6 $ 6