v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets:          
Cash and cash equivalents $ 22,348 $ 22,432   $ 3,465  
Restricted cash 5,772 1,048   13,087  
Property held for lease, net of accumulated depreciation and impairment (Note 3) 67,308 73,691   67,085  
Prepaid expenses and other current assets 3,104 4,257   6,731  
Deferred financing costs, net 2,778 3,802   0  
Total current assets 101,310 105,230   90,368  
Property and equipment, net 144 163   253  
Capitalized software and intangible assets, net 2,204 2,119   2,076  
Right-of-use assets, non-current 326 339   383  
Security deposits 15 15   91  
Total assets 103,999 107,866   93,171  
Current liabilities:          
Accounts payable 4,287 1,891   1,491  
Accrued liabilities (Note 4) 16,402 17,701   17,372  
Accrued litigation settlement (Note 10) 500 750   2,199  
Unearned revenue 5,454 4,883   4,823  
Revolving line of credit, net (Note 5) 71,615 78,727   82,582  
Derivative liability (Note 11) 9,300 13,600   0  
Lease liabilities 53 51   179  
Total current liabilities 107,611 117,603   138,693  
Lease liabilities, non-current 377 392   444  
Other liabilities 29 45   828  
Total liabilities 108,017 118,040   139,965  
MEZZANINE EQUITY          
Total mezzanine equity 27,909 27,909 $ 0 0 $ 0
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   0  
Additional paid-in capital 109,473 109,003   101,657  
Accumulated deficit (141,400) (147,086)   (148,451)  
Total stockholders' deficit (31,927) (38,083) $ (51,687) (46,794) $ (27,992)
Total liabilities, mezzanine equity and stockholders' deficit 103,999 107,866   93,171  
Series A Convertible Preferred Stock          
MEZZANINE EQUITY          
Total mezzanine equity 11,308 11,308   0  
Series B Convertible Preferred Stock          
MEZZANINE EQUITY          
Total mezzanine equity $ 16,601 $ 16,601   $ 0