RELATED PARTY TRANSACTIONS |
6 Months Ended |
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Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 20 – RELATED PARTY TRANSACTIONS
As of June 30, 2026, accounts payable and accrued expenses included approximately $140 due to related parties, comprising $91 of related-party accounts payable and $49 of accrued severance, compared to approximately $75 as of December 31, 2025. These amounts relate primarily to consulting fees and amounts payable to affiliated service providers.
During the six months ended June 30, 2026, the Company incurred approximately $105 of consulting and advisory expense for services provided by entities controlled by, or affiliated with, an executive officer and an advisor and significant shareholder of the Company, recorded within general and administrative expense. The Company also incurred approximately $629 of legal services expense provided by a law firm affiliated with the Company’s General Counsel.
During the six months ended June 30, 2026, the Company recognized approximately $779 of severance expense in connection with the separation of a former executive officer pursuant to a separation agreement. As of June 30, 2026, and December 31, 2025 approximately $49 and $66, respectively of the related obligation remained accrued and unpaid.
GLDY Token Subscriptions by Officers. During the six months ended June 30, 2026, three officers of the Company subscribed for GLDY tokens issued by Streamex Ltd., the Company’s consolidated variable interest entity: (i) the Chief Investment Officer subscribed for approximately $200 of GLDY tokens; (ii) the General Counsel subscribed for approximately $25 of GLDY tokens; and (iii) the Chief Executive Officer, who is also a member of the Board of Directors, subscribed for approximately $25 of GLDY tokens. The subscriptions were made on the same terms and at the same per-token price as the Company’s own subscriptions pursuant to the GLDY Subscription Agreement. As of June 30, 2026, GLDY tokens held by officers of the Company represented approximately 1.6% of the total outstanding GLDY tokens. These holdings are included within the approximately 9.0% of outstanding GLDY tokens held by external tokenholders and presented as a noncontrolling interest in Streamex Ltd. See Note 12 — Streamex Ltd. (VIE).
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