| Schedule of Financial Information with Respect of Single Operating Segment |
The following table presents selected financial information with respect to the Company’s single operating segment for the three and six months ended June 30, 2026 and 2025:
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|
|
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For the Three Months Ended June 30, |
|
|
For the Six Months Ended June 30, |
|
(in thousands, except per share data) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Revenues, net |
|
$ |
23,330 |
|
|
$ |
24,632 |
|
|
$ |
47,643 |
|
|
$ |
48,472 |
|
Cost of revenues |
|
|
3,421 |
|
|
|
3,285 |
|
|
|
6,828 |
|
|
|
6,220 |
|
Gross profit |
|
|
19,909 |
|
|
|
21,347 |
|
|
|
40,815 |
|
|
|
42,252 |
|
Operating Expenses: |
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|
|
|
|
|
|
|
|
|
|
|
Selling and operating |
|
|
21,599 |
|
|
|
20,634 |
|
|
|
41,600 |
|
|
|
40,656 |
|
Corporate, general and administration |
|
|
1,526 |
|
|
|
2,909 |
|
|
|
3,859 |
|
|
|
4,806 |
|
Total operating expenses |
|
|
23,125 |
|
|
|
23,543 |
|
|
|
45,459 |
|
|
|
45,462 |
|
Loss from operations |
|
|
(3,216 |
) |
|
|
(2,196 |
) |
|
|
(4,644 |
) |
|
|
(3,210 |
) |
Interest and other income, net |
|
|
(30 |
) |
|
|
124 |
|
|
|
(14 |
) |
|
|
(12 |
) |
Loss before income taxes |
|
|
(3,246 |
) |
|
|
(2,072 |
) |
|
|
(4,658 |
) |
|
|
(3,222 |
) |
Income tax (benefit) expense |
|
|
(7 |
) |
|
|
1 |
|
|
|
27 |
|
|
|
49 |
|
Loss from continuing operations |
|
$ |
(3,239 |
) |
|
$ |
(2,073 |
) |
|
$ |
(4,685 |
) |
|
$ |
(3,271 |
) |
Gain from discontinued operations |
|
|
— |
|
|
|
26 |
|
|
|
— |
|
|
|
5 |
|
Net loss |
|
$ |
(3,239 |
) |
|
$ |
(2,047 |
) |
|
$ |
(4,685 |
) |
|
$ |
(3,266 |
) |
Net loss attributable to noncontrolling interests |
|
|
(210 |
) |
|
|
(246 |
) |
|
|
(401 |
) |
|
|
(451 |
) |
Net loss attributable to common shareholders |
|
$ |
(3,029 |
) |
|
$ |
(1,801 |
) |
|
$ |
(4,284 |
) |
|
$ |
(2,815 |
) |
|
| Geographical Data for Operations |
The following represents geographical data for our operations:
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For the Three Months Ended June 30, |
|
|
For the Six Months Ended June 30, |
|
(in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
14,894 |
|
|
$ |
14,734 |
|
|
$ |
28,652 |
|
|
$ |
28,955 |
|
International |
|
|
8,436 |
|
|
|
9,898 |
|
|
|
18,991 |
|
|
|
19,517 |
|
|
|
$ |
23,330 |
|
|
$ |
24,632 |
|
|
$ |
47,643 |
|
|
$ |
48,472 |
|
|