Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions Principal Stockholders Term Debt – As of June 30, 2026, the outstanding principal balance on the Term Debt with Renew Group Private Limited (“Renew”) was $97,691. For the three months ended June 30, 2026 and 2025, the Company paid interest totaling $2,470 and $2,798, respectively. For the six months ended June 30, 2026 and 2025, the Company paid interest totaling $4,912 and $5,565, respectively. Simplify Loan – For the three and six months ended June 30, 2025, the Company paid interest totaling $114 and $308, respectively, under the Simplify Loan. The Company did not have any loan transactions with Simplify in the three or six months ended June 30, 2026. Simplify Revenue – For the three months ended June 30, 2026 and 2025, the Company recognized digital advertising revenue from transactions with Living Essentials, LLC (“Living Essentials”), an affiliated entity of Simplify, totaling $100 and $880, respectively. For the six months ended June 30, 2026 and 2025, the Company recognized digital advertising revenue from transactions with Living Essentials, totaling $350 and $1,830, respectively. The outstanding accounts receivable due from Living Essentials were $74 as of June 30, 2026 and $193 as of December 31, 2025. Simplify Expenses – For the three and six months ended June 30, 2026, the Company recognized a reduction of expenses from transactions with Agency 5, LLC ("Agency 5"), an affiliated entity of Simplify, totaling $0 and $51, respectively. No transactions were recorded for the three and six months ended June 30, 2025. The outstanding accounts receivable due from Agency 5 was $0 as of June 30, 2026 and $70 as of December 31, 2025. Common Stock Owned by Simplify – Based on the Schedule 13D/A filed with the SEC on December 27, 2024 (which is its most recent filing), Simplify owns approximately 71.13% of the outstanding shares of the Company’s common stock. As a result, Simplify has the ability to determine the outcome of any issue submitted to the Company’s stockholders for approval, including the election of directors. Prior to the consummation of the February 14, 2024 private placement of 5,555,555 shares of the Company's common stock to Simplify, the Company’s public stockholders held a majority of the outstanding shares of the Company’s common stock.
|