v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Class A common stock
Class B common stock
Common Stock
Class A common stock
Common Stock
Class B common stock
Warrant Shares
Additional paid-in capital
Accumulated Deficit
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024       41,274,103 5,413,197        
Beginning balance at Dec. 31, 2024 $ 82,521     $ 413 $ 54 $ 0 $ 89,726 $ (28,074) $ 20,402
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net (loss) income (8,606)             (8,803) 197
Sale of class A common shares (in shares)       7,240          
Sale of class A common shares 8           8    
Stock-based compensation expense 38           38    
Issuance of class A to employees, officers and directors, net of withholdings (in shares)       (53,823)          
Issuance of class A to employees, officers and directors, net of withholdings (65)     $ (1)     (64)    
Warrant shares 32,155         32,155      
Ending balance (in shares) at Mar. 31, 2025       41,227,520 5,413,197        
Ending balance at Mar. 31, 2025 106,051     $ 412 $ 54 32,155 89,708 (36,877) 20,599
Beginning balance (in shares) at Dec. 31, 2024       41,274,103 5,413,197        
Beginning balance at Dec. 31, 2024 82,521     $ 413 $ 54 0 89,726 (28,074) 20,402
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net (loss) income (15,996)                
Ending balance (in shares) at Jun. 30, 2025       48,253,005 5,413,197        
Ending balance at Jun. 30, 2025 66,506     $ 483 $ 54 0 110,514 (44,545) 0
Beginning balance (in shares) at Mar. 31, 2025       41,227,520 5,413,197        
Beginning balance at Mar. 31, 2025 106,051     $ 412 $ 54 32,155 89,708 (36,877) 20,599
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net (loss) income (7,390)             (7,668) 278
Issuance of class A to employees, officers and directors, net of withholdings (in shares)       (26,053)          
Noncontrolling interest resulting form Estrella transaction (in shares)       7,051,538          
Noncontrolling interest resulting from Estrella transaction 0     $ 71     20,806   (20,877)
Warrant shares (32,155)         (32,155)      
Ending balance (in shares) at Jun. 30, 2025       48,253,005 5,413,197        
Ending balance at Jun. 30, 2025 66,506     $ 483 $ 54 0 110,514 (44,545) 0
Beginning balance (in shares) at Dec. 31, 2025   76,307,330 5,413,197 76,307,330 5,413,197        
Beginning balance at Dec. 31, 2025 46,314     $ 763 $ 54 0 140,269 (94,772) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net (loss) income (9,368)             (9,368)  
Stock-based compensation expense 4           4    
Issuance of class A to employees, officers and directors, net of withholdings (in shares)       (2,492)          
Issuance of class A to employees, officers and directors, net of withholdings (2)           (2)    
Equity Clawback (Note 12) (1,095)           (1,095)    
Ending balance (in shares) at Mar. 31, 2026       76,304,838 5,413,197        
Ending balance at Mar. 31, 2026 35,853     $ 763 $ 54 0 139,176 (104,140) 0
Beginning balance (in shares) at Dec. 31, 2025   76,307,330 5,413,197 76,307,330 5,413,197        
Beginning balance at Dec. 31, 2025 46,314     $ 763 $ 54 0 140,269 (94,772) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net (loss) income (17,981)                
Ending balance (in shares) at Jun. 30, 2026   76,899,738 5,413,197 76,899,738 5,413,197        
Ending balance at Jun. 30, 2026 28,642     $ 769 $ 54 0 140,572 (112,753) 0
Beginning balance (in shares) at Mar. 31, 2026       76,304,838 5,413,197        
Beginning balance at Mar. 31, 2026 35,853     $ 763 $ 54 0 139,176 (104,140) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net (loss) income (8,613)             (8,613)  
Stock-based compensation expense 1,017           1,017    
Issuance of class A to employees, officers and directors, net of withholdings (in shares)       594,900          
Issuance of class A to employees, officers and directors, net of withholdings 0     $ 6     (6)    
Equity Clawback (Note 12) 385           385    
Ending balance (in shares) at Jun. 30, 2026   76,899,738 5,413,197 76,899,738 5,413,197        
Ending balance at Jun. 30, 2026 $ 28,642     $ 769 $ 54 $ 0 $ 140,572 $ (112,753) $ 0