| Segment Reporting [Text Block] |
15. Segment and Geographic Information
The Company has two reportable segments that consist of operations segmented by geographical region, United States Operations and European Operations. The Chief Operating Decision-Maker (CODM) is the CEO.
In evaluating financial performance, the CODM uses Adjusted EBITDA to assess segment performance and decide how to allocate resources. Adjusted EBITDA is defined as earnings before interest expense, income tax expense, depreciation and amortization, and any one time non-operational costs or costs related to financing or capital transactions. The Company uses Adjusted EBITDA because management believes that it can be a useful financial metric in understanding the Company’s earnings from operations. Adjusted EBITDA is not a measure of the Company’s financial performance under GAAP and should not be considered as an alternative to net income or any other performance measure derived in accordance with GAAP. The Company evaluates many of our capital expenditure decisions at a regional level. Accordingly, expenditures on property, plant and equipment and associated debt by segment are presented.
The following tables present information related to the Company’s reportable segments. The data has been presented to show the effect of discontinued operations for subsidiaries sold or deconsolidated.
| | | Three Months Ended | | | Six Months Ended | |
| | | June 30, | | | June 30, | |
| Net Income/(loss) by Segment | | 2026 | | | 2025 | | | 2026 | | | 2025 | |
| | | (in thousands) | | | (in thousands) | |
| Europe | | $ | (217 | ) | | $ | 11,553 | | | $ | (461 | ) | | $ | 14,361 | |
| United States | | $ | (2,370 | ) | | $ | (6,319 | ) | | | (3,018 | ) | | | (9,307 | ) |
| Total for the period | | $ | (2,587 | ) | | $ | 5,234 | | | $ | (3,479 | ) | | $ | 5,054 | |
| | | As of | | | Year Ended | |
| | | June 30, | | | December 31, | |
| Assets by Segment | | 2026 | | | 2025 | |
| | | (in thousands) | |
| Europe | | | | | | | | |
| Other Assets | | $ | 13 | | | $ | 12 | |
| Total for Europe | | $ | 13 | | | $ | 12 | |
| | | | | | | | | |
| United States | | | | | | | | |
| Intangible assets | | $ | 36,572 | | | $ | 37,518 | |
| Goodwill | | | 18,964 | | | | 18,964 | |
| Other assets | | | 1,590 | | | | 550 | |
| Total for United States | | $ | 57,126 | | | $ | 57,032 | |
| | | As of | | | Year Ended | |
| | | June 30, | | | December 31, | |
| Liabilities by Segment | | 2026 | | | 2025 | |
| | | (in thousands) | |
| Europe – Continuing Operations | | | | | | | | |
| Debt | | $ | 1,519 | | | $ | 1,176 | |
| Other Liabilities | | $ | 845 | | | | 1,076 | |
| Total for Europe – Continuing Operations | | $ | 2,364 | | | $ | 2,252 | |
| | | | | | | | | |
| United States – Continuing Operations | | | | | | | | |
| Debt | | $ | 9,153 | | | $ | 14,885 | |
| Other Liabilities | | $ | 17,072 | | | | 16,886 | |
| Total for United States – Continuing Operations | | $ | 26,226 | | | $ | 31,771 | |
| | | Three Months Ended | | | Six Months Ended | |
| | | June 30, | | | June 30, | |
| Adjusted EBITDA by Segment | | 2026 | | | 2025 | | | 2026 | | | 2025 | |
| | | (in thousands) | | | (in thousands) | |
| Europe | | $ | (197 | ) | | $ | (198 | ) | | $ | (409 | ) | | $ | (626 | ) |
| US | | | (1,343 | ) | | | (3,492 | ) | | | (2,453 | ) | | | (4,553 | ) |
| Total for the period | | $ | (1,540 | ) | | $ | (3,690 | ) | | $ | (2,861 | ) | | $ | (5,177 | ) |
Below is a reconciliation of net income to Adjusted EBITDA for the periods presented:
| | | Three Months Ended | | | Six Months Ended | |
| | | June 30, | | | June 30, | |
| Adjusted EBITDA Reconciliation to Net Loss | | 2026 | | | 2025 | | | 2026 | | | 2025 | |
| | | (in thousands) | | | (in thousands) | |
| Europe | | | | | | | | | | | | | | | | |
| Adjusted EBITDA | | $ | (197 | ) | | $ | (198 | ) | | $ | (409 | ) | | $ | (626 | ) |
| Depreciation, amortization, and accretion | | | - | | | | - | | | | - | | | | - | |
| Interest expense | | | (19 | ) | | | (172 | ) | | | (53 | ) | | | (526 | ) |
| Gain on sale of subsidiaries | | | - | | | $ | 11,924 | | | | - | | | | 15,513 | |
| Net Income /(Loss) | | $ | (217 | ) | | $ | 11,554 | | | $ | (461 | ) | | $ | 14,361 | |
| | | | | | | | | | | | | | | | | |
| US | | | | | | | | | | | | | | | | |
| Adjusted EBITDA | | $ | (1,343 | ) | | $ | (3,492 | ) | | $ | (2,453 | ) | | $ | (4,553 | ) |
| Depreciation, amortization, and accretion | | | (469 | ) | | | (23 | ) | | | (946 | ) | | | (130 | ) |
| Interest expense | | | (364 | ) | | | (1,065 | ) | | | (606 | ) | | | (2,914 | ) |
| Fair value movement of convertible notes | | | (139 | ) | | | (882 | ) | | | (2,502 | ) | | | (887 | ) |
| Fair value movement of warrants | | | - | | | | 162 | | | | - | | | | 162 | |
| Warrant issuance costs | | | - | | | | (753 | ) | | | - | | | | (753 | ) |
| Stock issued for debt settleent costs | | | - | | | | (172 | ) | | | - | | | | (172 | ) |
| Issuance cost put option liability (Series D) | | | - | | | | | | | (6 | ) | | | | |
| Gain on settlement of debt | | | - | | | | - | | | | 5,257 | | | | - | |
| Loss on extinguishment of debt | | | (25 | ) | | | - | | | | (1,731 | ) | | | - | |
| Other Expense | | | (31 | ) | | | (94 | ) | | | (31 | ) | | | (60 | ) |
| Net Loss | | $ | (2,370 | ) | | $ | (6,319 | ) | | $ | (3,018 | ) | | $ | (9,307 | ) |
| Income Taxes | | | - | | | | - | | | | - | | | | - | |
| Consolidated Net Income / (Loss) | | $ | (2,587 | ) | | $ | 5,234 | | | $ | (3,479 | ) | | $ | 5,054 | |
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