v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited) - USD ($)
Total
Class A Common
Class C Common
Common Stock
Class A Common
Common Stock
Class C Common
Additional Paid In Capital
Additional Paid In Capital
Class A Common
Accumulated Deficit
Non controlling Interest
Non controlling Interest
Class C Common
Beginning balance (in shares) at Dec. 31, 2024       9,549,621 22,500,000          
Beginning balance at Dec. 31, 2024 $ 20,683,000     $ 1,000 $ 2,000 $ 37,503,000   $ (27,257,000) $ 10,434,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of Class A common stock to Cottonmouth (in shares)       12,500,000            
Issuance of Class A common stock to Cottonmouth/ Equity offering cost adjustment 56,000 $ 49,346,000   $ 1,000   56,000 $ 49,345,000      
Share-based compensation 912,000         912,000        
Tax distributions to Class C OpCo unitholders     $ 0              
Rebalancing of ownership percentage for issuance of Class A shares 0         (25,019,000)     25,019,000  
Net loss (5,250,000)             (2,507,000) (2,743,000)  
Ending balance (in shares) at Jun. 30, 2025       22,049,621 22,500,000          
Ending balance at Jun. 30, 2025 65,747,000     $ 2,000 $ 2,000 62,797,000   (29,764,000) 32,710,000  
Beginning balance (in shares) at Mar. 31, 2025       22,049,621 22,500,000          
Beginning balance at Mar. 31, 2025 67,742,000     $ 2,000 $ 2,000 62,246,000   (28,504,000) 33,996,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of Class A common stock to Cottonmouth/ Equity offering cost adjustment 56,000         56,000        
Share-based compensation 495,000         495,000        
Tax distributions to Class C OpCo unitholders     0              
Net loss (2,546,000)             (1,260,000) (1,286,000)  
Ending balance (in shares) at Jun. 30, 2025       22,049,621 22,500,000          
Ending balance at Jun. 30, 2025 65,747,000     $ 2,000 $ 2,000 62,797,000   (29,764,000) 32,710,000  
Beginning balance (in shares) at Dec. 31, 2025       22,049,621 22,500,000          
Beginning balance at Dec. 31, 2025 58,135,000     $ 2,000 $ 2,000 64,070,000   (34,215,000) 28,276,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Share-based compensation 1,083,000         1,083,000        
Tax distributions to Class C OpCo unitholders     (140,000)             $ (140,000)
Net loss (4,333,000)             (2,114,000) (2,219,000)  
Ending balance (in shares) at Jun. 30, 2026       22,049,621 22,500,000          
Ending balance at Jun. 30, 2026 54,745,000     $ 2,000 $ 2,000 65,153,000   (36,329,000) 25,917,000  
Beginning balance (in shares) at Mar. 31, 2026       22,049,621 22,500,000          
Beginning balance at Mar. 31, 2026 56,338,000     $ 2,000 $ 2,000 64,666,000   (35,422,000) 27,090,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Share-based compensation 486,000         486,000        
Tax distributions to Class C OpCo unitholders     $ (140,000)             $ (140,000)
Net loss (1,940,000)             (907,000) (1,033,000)  
Other 1,000         1,000        
Ending balance (in shares) at Jun. 30, 2026       22,049,621 22,500,000          
Ending balance at Jun. 30, 2026 $ 54,745,000     $ 2,000 $ 2,000 $ 65,153,000   $ (36,329,000) $ 25,917,000