v3.26.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
SCHEDULE OF DISAGGREGATED REVENUE

Our net revenues for the three and six months ended June 30, 2026, are disaggregated as follows (in thousands):

 

   Three Months Ended
June 30, 2026		   Six Months Ended
June 30, 2026		 
Revenue from contracts with customers (ASC 606):          
Media:          
Events  $23,199   $23,199 
Digital   115    442 
Print   55    94 
Other   686    729 
Total media   24,055    24,464 
Advisory   930    1,440 
Asset management:          
Management fees   466    675 
Performance fees   -    - 
Total asset management   466    675 
Total revenue from contracts with customers   25,451    26,579 
Revenue outside the scope of ASC 606:          
Derivative (accounted for under ASC 815)   10,418    11,489 
Total revenue  $35,869   $38,068 
SCHEDULE OF CONTRACT LIABILITIES

The following table presents the changes in contract liabilities for the six months ended June 30, 2026 (in thousands):

 

   Amount 
Balance as of December 31, 2025  $- 
Add: contract liabilities assumed in BTC Merger (see Note 3) (1)   20,070 
Measurement period adjustments (Note 3)   189 
Additions   11,183 
Revenue recognized   (24,036)
Other   (180)
Balance as of June 30, 2026  $7,226 

 

(1) Includes $0.3 million of intercompany contract liabilities that were eliminated upon consolidation.