XML 70 R55.htm IDEA: XBRL DOCUMENT
v3.25.1

Schedule I - Condensed Financial Information of the Registrant (Parent Company) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
(in thousands) |  | December 31, 2024 |  |  | December 31, 2023 |
Assets |  |  |  |  |  |  |  |
Investments in subsidiaries |  | $ | 12,851 |  |  | $ | 20,325 |
Cash and cash equivalents |  |  | 56 |  |  |  | 2,058 |
Other assets |  |  | 3,992 |  |  |  | 5,339 |
Total Assets |  | $ | 16,899 |  |  | $ | 27,722 |
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |
Accrued expenses and other liabilities |  | $ | 236 |  |  | $ | 13 |
Total Liabilities |  |  | 236 |  |  |  | 13 |
Redeemable Class B preferred stock |  |  | 8,250 |  |  |  | — |
Shareholders' Equity: |  |  |  |  |  |  |  |
Common stock |  |  | — |  |  |  | — |
Additional paid-in capital |  |  | 376,784 |  |  |  | 379,813 |
Treasury stock, at cost |  |  | (6,200 | ) |  |  | (3,696 | )
Accumulated deficit |  |  | (361,453 | ) |  |  | (346,868 | )
Accumulated other comprehensive loss |  |  | (718 | ) |  |  | (1,540 | )
Shareholders' equity attributable to common shareholders |  |  | 8,413 |  |  |  | 27,709 |
Total Liabilities, Class B preferred stock and Shareholders' Equity |  | $ | 16,899 |  |  | $ | 27,722 |
Condensed Income Statement [Table Text Block] |
(in thousands) |  | Years ended December 31, |
|  | 2024 |  |  | 2023 |
Other expenses, net: |  |  |  |  |  |  |  |
General and administrative expenses |  | $ | (98 | ) |  | $ | (1,990 | )
Non-operating other expense |  |  | (1 | ) |  |  | (3 | )
Total other expenses, net |  |  | (99 | ) |  |  | (1,993 | )
Loss from continuing operations before income tax benefit and equity in (loss) income of subsidiaries |  |  | (99 | ) |  |  | (1,993 | )
Income tax benefit |  |  | (439 | ) |  |  | (1,331 | )
Equity in (loss) income of subsidiaries |  |  | (8,635 | ) |  |  | 24,674 |
Net (loss) income |  | $ | (8,295 | ) |  | $ | 24,012 |
Condensed Statement of Comprehensive Income [Table Text Block] |
(in thousands) |  | Years ended December 31, |
|  | 2024 |  |  | 2023 |
Net (loss) income |  | $ | (8,295 | ) |  | $ | 24,012 |
Other comprehensive income (loss), net of taxes(1): |  |  |  |  |  |  |  |
Unrealized losses on available-for-sale investments: |  |  |  |  |  |  |  |
Unrealized losses arising during the period |  |  | — |  |  |  | — |
Reclassification adjustment for amounts included in net income |  |  | — |  |  |  | — |
Other comprehensive loss - parent only |  |  | — |  |  |  | — |
Equity in other comprehensive income (loss) of subsidiaries |  |  | 861 |  |  |  | (28,115 | )
Other comprehensive income (loss), net of taxes(1): |  |  | 861 |  |  |  | (28,115 | )
Comprehensive loss |  | $ | (7,434 | ) |  | $ | (4,103 | )
Condensed Cash Flow Statement [Table Text Block] |
(in thousands) |  | Years ended December 31, |
|  | 2024 |  |  | 2023 |
Cash provided by (used in): |  |  |  |  |  |  |  |
Operating activities: |  |  |  |  |  |  |  |
Net (loss) income |  | $ | (8,295 | ) |  | $ | 24,012 |
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |
Equity in net loss (income) of subsidiaries |  |  | 8,635 |  |  |  | (24,674 | )
Stock-based compensation expense, net of forfeitures |  |  | (1,459 | ) |  |  | 509 |
Change in other assets |  |  | 1,347 |  |  |  | (4,026 | )
Change in accrued expenses and other liabilities |  |  | 57 |  |  |  | (3,193 | )
Net cash provided by (used in) operating activities |  |  | 285 |  |  |  | (7,372 | )
Investing activities: |  |  |  |  |  |  |  |
Net cash from investing activities |  |  | — |  |  |  | — |
Financing activities: |  |  |  |  |  |  |  |
Proceeds from exercise of warrants |  |  | — |  |  |  | 16,658 |
Cash paid for repurchase of warrants |  |  | — |  |  |  | (4,031 | )
Proceeds from issuance of preferred stock |  |  | 8,250 |  |  |  | — |
Cash paid for repurchase of common stock |  |  | (2,504 | ) |  |  | (3,204 | )
Payment of preferred stock dividends |  |  | (13 | ) |  |  | — |
Capital contributions to subsidiaries |  |  | (8,020 | ) |  |  | (25 | )
Net cash (used in) provided by financing activities |  |  | (2,287 | ) |  |  | 9,398 |
Net (decrease) increase in cash and cash equivalents |  |  | (2,002 | ) |  |  | 2,026 |
Cash and cash equivalents at beginning of period |  |  | 2,058 |  |  |  | 32 |
Cash and cash equivalents at end of period |  | $ | 56 |  |  | $ | 2,058 |

X
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
Name: | srt_CondensedStatementOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration