| Schedule of Cash Flow, Supplemental Disclosures |
Supplemental cash flow information consisted of the following for the six months ended June 30, 2026 and 2025 (in thousands):
| | | | | | | | | | | | | | | | | Six Months Ended June 30, | | | 2026 | | 2025 | | Supplemental Disclosure of Cash Flow Information | | | | | Cash paid for interest, none of which was capitalized for the six months ended June 30, 2026 and 2025 | | $ | 1,996 | | | $ | 2,926 | | | Non-cash bonus settlement via employee accounts receivable offset | | $ | — | | $ | 33 | | Supplemental Disclosure of Cash Flow Information of Consolidated Funds | | | | | Cash paid for interest, net of capitalized interest of $1 for each of the six months ended June 30, 2026 and 2025, respectively | | $ | 1,597 | | | $ | 841 | | | | | | | | Supplemental Disclosures of Non-Cash Investing and Financing Activities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accounts receivable - related party eliminated in consolidation of VIEs | | $ | 234 | | | $ | — | | | Increase in investments in unconsolidated entities due to deconsolidation of VIEs | | $ | — | | | $ | 333 | | | | | | | | | | | | | Cost of real estate investments included in accounts payable | | $ | 56 | | | $ | 318 | | | | | | | Investments in unconsolidated entities for investor buy-out | | $ | — | | | $ | 493 | | | | | | | Corporate note rollovers | | $ | — | | | $ | 4,760 | | | Non-cash issuance of redeemable preferred stock, net of issuance costs | | $ | 637 | | | $ | — | | | Conversion of corporate note to common stock | | $ | 1,922 | | | $ | — | | Conversion of corporate note to preferred stock, including warrants | | $ | 1,528 | | | $ | 350 | | Corporate note increase due to rollovers, net of discounts | | $ | — | | | $ | 215 | | | Non-cash issuance of convertible note and related common stock | | $ | — | | | $ | 89 | | | | | | | | Issuance of warrants related to common stock | | $ | — | | | $ | 75 | | | | | | | | Supplemental Disclosures of Non-Cash Investing and Financing Activities of Consolidated Funds | | | | | | | | | | | | | | | | | | | | | | | | | Decrease in notes receivable - related party due to payment of accounts payable | | $ | — | | | $ | 3 | | | Cost of real estate investments included in accounts payable | | $ | 10 | | | $ | — | | | | | | | | | | | | | Consolidation of VIEs | | | | | | Real estate investments, net | | $ | 40,498 | | | $ | — | | | Notes receivable - related parties | | $ | 5,055 | | | $ | — | | | Accounts receivable, net | | $ | 20 | | | $ | — | | | Due from related parties | | $ | 995 | | | $ | — | | | | | | | | Prepaid and other assets | | $ | 70 | | | $ | — | | | Notes payable, net | | $ | 33,000 | | | $ | — | | | | | | | | Accounts payable and accrued expenses | | $ | 538 | | | $ | — | | | Due to related parties | | $ | 7 | | | $ | — | | | | | | | | Other liabilities | | $ | 89 | | | $ | — | | | Noncontrolling interests | | $ | 12,666 | | | $ | — | |
| | | | | | | | | | | | | | | | | Six Months Ended June 30, | | | 2026 | | 2025 | | | | | | | Deconsolidation of VIEs | | | | | | Real estate investments, net | | $ | — | | | $ | 33,319 | | | Accounts receivable, net | | $ | — | | | $ | 159 | | | Notes receivable - related parties | | $ | — | | | $ | 5,450 | | | | | | | | Prepaid and other assets | | $ | — | | | $ | 376 | | | Due from related parties | | $ | — | | | $ | 447 | | | | | | | | Notes payable, net | | $ | — | | | $ | 22,033 | | | | | | | | Accounts payable and accrued expenses | | $ | — | | | $ | 1,070 | | | | | | | | Other liabilities | | $ | — | | | $ | 381 | | | | | | | | Noncontrolling interests | | $ | — | | | $ | 15,805 | |
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