v3.26.1
NOTES PAYABLE AND OTHER OBLIGATIONS
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
NOTES PAYABLE AND OTHER OBLIGATIONS NOTES PAYABLE AND OTHER OBLIGATIONS
7.0% Convertible Notes due 2029:
In connection with and upon consummation of the sale of the Company’s property management business (the “DEPM Sale”), on October 24, 2025, the Company repaid and redeemed all of its Convertible Notes for an aggregate payment of $95,000, including approximately $1,400 of accrued interest (the “Redemption”). The liens on the assets of the Company and the subsidiary guarantors were released upon Redemption. The Redemption was effected because the noteholders informed the Company that they were not willing to waive their contractual redemption rights with respect to the Convertible Notes but would agree to a redemption of the Convertible Notes in connection with the consummation of the DEPM Sale.
Embedded Derivative on the Convertible Debt:
A summary of non-cash interest expense associated with the amortization of the debt discount created by the embedded derivative liability associated with the Company’s convertible debt that was fully settled in October 2025 is as follows:
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Convertible Notes$— $548 $— $1,082 
Interest expense associated with embedded derivative
$— $548 $— $1,082 
A summary of non-cash changes in fair value of the derivative embedded within convertible debt that was fully settled in October 2025 is as follows:
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Convertible Notes$— $16,969 $— $17,715 
Loss on changes in fair value of the derivative embedded within convertible debt
$— $16,969 $— $17,715 
Letters of Credit:
As of June 30, 2026 and December 31, 2025, the Company had outstanding $2,811 and $2,645 of letters of credit, respectively, collateralized by certificates of deposit. The letters of credit have been issued as security deposits for leases of office space.