v3.26.1
Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total Stockholders’ (Deficit) Equity
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Noncontrolling Interest
Noncontrolling Interest, Operating Partnership
Noncontrolling Interest, Consolidated Subsidiary
Series A Preferred Stock
Preferred Stock
Series B Preferred Stock
Series B Preferred Stock
Total Stockholders’ (Deficit) Equity
Series B Preferred Stock
Preferred Stock
Series B Preferred Stock
Common Stock
Series B Preferred Stock
Additional Paid-in Capital
Series B Preferred Stock
Accumulated Deficit
Warrants
Warrants
Total Stockholders’ (Deficit) Equity
Warrants
Common Stock
Warrants
Additional Paid-in Capital
Series D Preferred Stock
Series D Preferred Stock
Total Stockholders’ (Deficit) Equity
Series D Preferred Stock
Common Stock
Series D Preferred Stock
Additional Paid-in Capital
Series D Preferred Stock
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024     4             562     3,357,142                        
Beginning balance at Dec. 31, 2024 $ 32,029 $ (25,369) $ 0 $ 276,416 $ (347,029) $ 0 $ 57,398 $ 269 $ 57,129 $ 453     $ 44,791                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                  
Common stock issued for exercised warrants (in shares)                         (250)                        
Common stock issued for exercised warrants                     $ 3 $ 3     $ 3                    
Accretion of Series B Preferred Stock discount                     22 22 $ 22                        
Redemption of Series D Preferred Stock to Common Stock (in shares)                                             24    
Redemption of Series D Preferred Stock to Common Stock                                         $ 6,943 $ 6,943   $ 6,943  
Common stock issued in exchange for Preferred Stock (in shares)                         (138,174) 17                      
Common stock issued in exchange for Preferred Stock         3,027           5,540 5,540 $ (1,847)   4,360                    
Adjustment for noncontrolling interest in operating partnership 0 269   269     (269) (269)                                  
Redemption of fractional units as a result of reverse stock split (in shares)     1                                            
Noncontrolling interest repurchases (21,196) (8,510)     (8,510)   (12,686)   (12,686)                                
Dividends and distributions (3,742) (1,878)     (1,878)                                        
Dividends and distributions             (1,864)   (1,864)                                
Net (loss) income 2,373 509     509   1,864   1,864                                
Unrealized holding gain on available for sale securities - related party 481 481       481                                      
Ending balance (in shares) at Mar. 31, 2025     46             562     3,218,718                        
Ending balance at Mar. 31, 2025 22,453 (21,990) $ 0 287,991 (353,881) 481 44,443 0 44,443 $ 453     $ 42,966                        
Beginning balance (in shares) at Dec. 31, 2024     4             562     3,357,142                        
Beginning balance at Dec. 31, 2024 32,029 (25,369) $ 0 276,416 (347,029) 0 57,398 269 57,129 $ 453     $ 44,791                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                  
Net (loss) income 1,373                                                
Unrealized holding gain on available for sale securities - related party 1,742                                                
Ending balance (in shares) at Jun. 30, 2025     607             562     3,096,018                        
Ending balance at Jun. 30, 2025 19,394 (18,472) $ 0 296,910 (358,927) 1,742 37,866 0 37,866 $ 453     $ 41,350                        
Beginning balance (in shares) at Mar. 31, 2025     46             562     3,218,718                        
Beginning balance at Mar. 31, 2025 22,453 (21,990) $ 0 287,991 (353,881) 481 44,443 0 44,443 $ 453     $ 42,966                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                  
Common stock issued for exercised warrants (in shares)     298                                            
Common stock issued for exercised warrants 2,415 2,415   2,415                                          
Accretion of Series B Preferred Stock discount                     22 22 $ 22                        
Redemption of Series D Preferred Stock to Common Stock (in shares)                                             100    
Redemption of Series D Preferred Stock to Common Stock                                         2,353 2,353   2,353  
Adjustment of Series D Preferred Stock to redemption value                                         553        
Common stock issued in exchange for Preferred Stock (in shares)                         (122,700) 161                      
Common stock issued in exchange for Preferred Stock                     5,004 5,004 $ (1,638)   4,151 $ 2,491                  
Adjustment for noncontrolling interest in operating partnership 553 553   0 553                                        
Redemption of fractional units as a result of reverse stock split (in shares)     2                                            
Noncontrolling interest repurchases (10,588) (4,011)     (4,011)   (6,577)   (6,577)                                
Dividends and distributions (3,079) (1,632)     (1,632)                                        
Dividends and distributions             (1,447)   (1,447)                                
Net (loss) income (1,000) (2,447)     (2,447)   1,447   1,447                                
Unrealized holding gain on available for sale securities - related party 1,261 1,261       1,261                                      
Ending balance (in shares) at Jun. 30, 2025     607             562     3,096,018                        
Ending balance at Jun. 30, 2025 19,394 (18,472) $ 0 296,910 (358,927) 1,742 37,866 0 37,866 $ 453     $ 41,350                        
Beginning balance (in shares) at Dec. 31, 2025     10,530             562     2,714,618                        
Beginning balance at Dec. 31, 2025 31,487 234 $ 0 311,983 (350,879) 2,381 31,253 0 31,253 $ 453     $ 36,296                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                  
Common stock issued for exercised warrants (in shares)                                     2,867            
Common stock issued for exercised warrants                                 $ 202 $ 202   $ 202          
Accretion of Series B Preferred Stock discount                     22 22 $ 22                        
Redemption of Series D Preferred Stock to Common Stock (in shares)                                             4,073    
Redemption of Series D Preferred Stock to Common Stock                                         576 576   576  
Adjustment of Series D Preferred Stock to redemption value                                         $ 827 827     $ 827
Common stock issued in exchange for Preferred Stock (in shares)                         (54,702) 9,292                      
Common stock issued in exchange for Preferred Stock                     1,158 1,158 $ (732)   1,395 495                  
Redemption of fractional units as a result of reverse stock split (in shares)     4                                            
Noncontrolling interest repurchases (5,503) (2,636)     (2,636)   (2,867)   (2,867)                                
Dividends and distributions (2,781) (1,555)     (1,555)                                        
Dividends and distributions             (1,226)   (1,226)                                
Net (loss) income (1,171) (2,397)     (2,397)   1,226   1,226                                
Unrealized holding gain on available for sale securities - related party (730) (730)       (730)                                      
Ending balance (in shares) at Mar. 31, 2026     26,766             562     2,659,916                        
Ending balance at Mar. 31, 2026 24,087 (4,299) $ 0 314,156 (356,145) 1,651 28,386 0 28,386 $ 453     $ 35,586                        
Beginning balance (in shares) at Dec. 31, 2025     10,530             562     2,714,618                        
Beginning balance at Dec. 31, 2025 31,487 234 $ 0 311,983 (350,879) 2,381 31,253 0 31,253 $ 453     $ 36,296                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                  
Redemption of Series D Preferred Stock to Common Stock (in shares)                                         44,547        
Net (loss) income 8,575                                                
Unrealized holding gain on available for sale securities - related party 552                                                
Ending balance (in shares) at Jun. 30, 2026     167,781             562     2,575,368                        
Ending balance at Jun. 30, 2026 32,678 5,697 $ 2 316,831 (348,998) 2,933 26,981 0 26,981 $ 453     $ 34,476                        
Beginning balance (in shares) at Mar. 31, 2026     26,766             562     2,659,916                        
Beginning balance at Mar. 31, 2026 24,087 (4,299) $ 0 314,156 (356,145) 1,651 28,386 0 28,386 $ 453     $ 35,586                        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                  
Accretion of Series B Preferred Stock discount                     21 21 $ 21                        
Redemption of Series D Preferred Stock to Common Stock (in shares)                                             31,092    
Redemption of Series D Preferred Stock to Common Stock                                         $ 983 983 $ 1 $ 982  
Adjustment of Series D Preferred Stock to redemption value                                         $ 1,033 $ 1,033     $ 1,033
Common stock issued in exchange for Preferred Stock (in shares)                         (84,548) 109,923                      
Common stock issued in exchange for Preferred Stock                     $ 1,205 $ 1,205 $ (1,131) $ 1 $ 1,693 $ 642                  
Noncontrolling interest repurchases (2,853) (1,448)     (1,448)   (1,405)   (1,405)                                
Dividends and distributions (2,826) (1,719)     (1,719)                                        
Dividends and distributions             (1,107)   (1,107)                                
Net (loss) income 9,746 8,639     8,639   1,107   1,107                                
Unrealized holding gain on available for sale securities - related party 1,282 1,282       1,282                                      
Ending balance (in shares) at Jun. 30, 2026     167,781             562     2,575,368                        
Ending balance at Jun. 30, 2026 $ 32,678 $ 5,697 $ 2 $ 316,831 $ (348,998) $ 2,933 $ 26,981 $ 0 $ 26,981 $ 453     $ 34,476