v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Total revenue $ 242 $ 207 $ 473 $ 444
Expenses:        
General and administrative expenses (2,258) (1,549) (5,432) (3,887)
Stock-based compensation (129) (250) (246) (425)
Loss on impairment and disposal of assets (5) (5)
Loss from operations (2,145) (1,597) (5,205) (3,873)
Other income (expense):        
Interest income, net 130 5 174 1
(Loss) gain on equity holdings (9,208) 6,240 (9,176) (179)
Gain on financial instruments 1,181 1,083
Foreign currency transaction gain (loss) 2 (26) 2
Total other (expense) income, net (7,897) 6,247 (7,945) (176)
(Loss) income from continuing operations before income taxes (10,042) 4,650 (13,150) (4,049)
Income tax expense (205) (210) (196) (142)
Net (loss) income from continuing operations (10,247) 4,440 (13,346) (4,191)
Net (loss) income from discontinued operations (Note 3) (8,042) 1,032 (43,582) (94)
Net (loss) income (18,289) 5,472 (56,928) (4,285)
(Premium) discount on repurchase of Series A Preferred Shares (28) 12
Dividends declared on Series A Preferred Shares (325) (447) (695) (894)
Net (loss) income attributable to common shareholders $ (18,642) $ 5,025 $ (57,611) $ (5,179)
Basic and diluted net (loss) income per common share:        
Continuing operations - basic [1] $ (1.75) $ 15.60 $ (2.21) $ (19.94)
Continuing operations - diluted [1] (1.75) 15.60 (2.21) (19.94)
Discontinued operations - basic (1.32) 4.03 (6.86) (0.37)
Discontinued operations - diluted (1.32) 4.03 (6.86) (0.37)
Total - basic (3.07) 19.63 (9.07) (20.31)
Total - diluted $ (3.07) $ 19.63 $ (9.07) $ (20.31)
Weighted average common shares outstanding - basic [1],[2] 6,079 256 6,354 255
Weighted average common shares outstanding - diluted [1],[2] 6,079 256 6,354 255
Rental Income [Member]        
Revenue:        
Total revenue $ 104 $ 98 $ 208 $ 207
Merchant Banking Advisory Fees [Member]        
Revenue:        
Total revenue $ 138 $ 109 $ 265 $ 237
[1] Information pertaining to the number of shares outstanding and per share data gives retroactive effect to a 1 for 5 reverse stock split that became effective on February 13, 2026.
[2] Information pertaining to the number of shares outstanding and per share data gives retroactive effect to a 1 for 5 reverse stock split that became effective on February 13, 2026.