v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 8,440 $ 4,698
Accounts receivable, net 12 101
Equity contribution receivable 200
Contract assets, net 840 636
Deposits 53 70
Note receivable, current 138 206
Investment in M2i 643 1,197
Investment in flyExclusive 1,739
Aviation asset option 324
Prepaid expenses and other current assets 800  
Total current assets 11,158 9,810
Property and equipment, net 502 323
Operating lease, right-of-use assets 107 128
Note receivable, non-current 1,770 1,693
Total assets 13,537 11,954
Current liabilities:    
Accounts payable and accrued liabilities 5,309 3,394
Dividend payable 1,637
Convertible notes, net 4,230
Operating lease liability 46 43
Deferred revenue and customer deposits 4,621 2,823
Current liabilities - discontinued operations 35 1,591
Total current liabilities 10,011 13,718
Operating lease liability, non-current 61 85
Total liabilities 10,072 13,803
Shareholders’ equity (deficit):    
Common Stock Class A, $0.0001 par value; 200,000,000 authorized; 53,183,044 and 9,510,784 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 10 5
Additional paid-in capital 108,911 98,917
Accumulated deficit (105,456) (100,771)
Total shareholders’ equity (deficit) 3,465 (1,849)
Total liabilities and shareholders’ equity 13,537 11,954
Previously Reported [Member]    
Current assets:    
Prepaid expenses and other current assets 800 572
Current assets - discontinued operations $ 32 $ 267