v3.26.1
Interest Expense
 6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
Interest Expense Interest Expense
The following table represents interest expense:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Amortization of debt costs:
Term Debt (related party)$14 $31 $28 $63 
Total amortization of debt costs14 31 28 63 
Cash paid interest:
Simplify Loan (related party)— 114 — 308 
Term Debt (related party)2,470 2,798 4,912 5,565 
Other— 2 — 13 
Total cash paid interest2,470 2,914 4,912 5,886 
Less: Interest Income(34)— (69)— 
Total interest expense, net$2,450 $2,945 $4,871 $5,949 
Subsequent Events Subsequent Events
Acquisition of InfoSentience
On July 31, 2026 the Company completed the acquisition of 100% of the issued and outstanding equity interests of Fantasy Journalist, Inc. (d/b/a InfoSentience), pursuant to a Stock Purchase Agreement. Fantasy Journalist is engaged in the business of deterministic artificial intelligence ("AI"), providing automated reports using AI to convert raw data into personalized narrative content.
Total consideration for the acquisition was $2,000, which consisted of $1,000 in cash paid at closing and estimated contingent consideration of $1,000. The contingent consideration in the form of a three-year earnout payable in cash based on net revenue generated using InfoSentience’s technology.
Due to the timing of the closing of the transaction relative to the issuance of these financial statements, the initial accounting and valuation for the business combination is incomplete.
Term Debt and Simplify Loan
Effective August 7, 2026, the Company entered into a new debt agreement with Renew, which replaced the Term Debt and the Simplify Loan. The new debt agreement extended the maturity of the Term Debt by three years, added net leverage and fixed charge coverage covenants, and eliminated the $25,000 Simplify Loan. The interest rate remained unchanged from the Term Debt at 10.0% per annum under the new agreement. There was no change in the principal amount of $97,691. Additionally, the new debt agreement requires financial covenants to be tested quarterly on a trailing twelve-month basis, commencing with the first full fiscal quarter after closing: (i) maximum Total Net Leverage Ratio of 3.50x; and (ii) minimum Fixed Charge Coverage Ratio of 1.20:1.00. The new debt agreement also includes standard affirmative and negative operating covenants on the Company.