XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 52,020 $ 56,903
Restricted cash included in funds held by trustee 4,640 4,628
Accounts receivable, net of expected credit losses of $1,128 as of June 30, 2025 and $923 as of December 31, 2024 24,224 20,878
Derivative instrument asset 478 0
Deferred costs of fulfillment, current portion 102,936 101,467
Assets held for sale 3,406 0
Prepaid expenses and other 24,003 21,506
Total current assets 211,707 205,382
Deferred costs of fulfillment, long-term portion 16,025 15,508
Restricted cash included in secured notes reserve funds 11,942 11,707
Property and equipment, net 305,331 331,049
Right of use lease asset 40,951 35,640
Intangible assets 21,887 24,755
Goodwill 130,410 130,410
Other assets 3,929 4,345
Total assets 742,182 758,796
Current liabilities:    
Accounts payable and accrued liabilities 35,772 40,236
Derivative instrument liability 0 1,270
Operating lease liability, current portion 5,080 5,150
Contract liabilities, current portion 141,243 135,649
Other current liabilities 18,529 17,546
Total current liabilities 200,624 199,851
Contract liabilities, long-term portion 21,462 21,155
Operating lease liability, long-term portion 34,762 25,899
Syndicated revolver 192,206 194,426
Notes payable 289,637 287,646
Deferred tax liability 2,965 2,963
Stockholders' deficit    
Common stock - no par value, 250,000,000 shares authorized; 11,065,641 shares issued and outstanding as of June 30, 2025 and 11,014,655 shares issued and outstanding as of December 31, 2024 37,429 36,581
Additional paid-in capital 21,451 19,241
Accumulated deficit (180,928) (150,158)
Accumulated other comprehensive loss 362 (964)
Total stockholders' deficit (121,686) (95,300)
Total liabilities and stockholders' deficit 742,182 758,796
Series A Preferred Units [Member]    
Current liabilities:    
Total Redeemable preferred units $ 122,212 $ 122,156