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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 16,445 $ 21,845
Restricted cash 13,018 13,160
Accounts receivable, net 3,130 3,767
Accounts receivable, net – related parties 0 883
Prepaid member travel 17,964 13,663
Prepaid expenses 2,730 3,116
Other current assets 1,804 1,949
Total current assets 55,091 58,383
Right-of-use assets 177,189 175,228
Goodwill 21,233 21,233
Property and equipment, net 11,991 14,079
Other noncurrent assets 4,626 4,962
Total assets 270,130 273,885
Current liabilities    
Deferred revenue 120,686 135,347
Lease liabilities 55,321 53,488
Total current liabilities 200,074 211,856
Deferred revenue, noncurrent 38,407 36,147
Lease liabilities, noncurrent 131,212 130,239
Convertible note 22,401 22,336
Other noncurrent liabilities 3,191 3,159
Total liabilities 395,285 403,737
Commitments and contingencies (Note 14)
Equity (Deficit)    
Preferred Stock, par value $0.0001 per share, 5,000 shares authorized, no shares issued or outstanding as of March 31, 2025 and December 31, 2024 0 0
Additional paid-in capital 164,398 161,323
Accumulated deficit (289,554) (291,176)
Total equity (deficit) (125,155) (129,852)
Total liabilities and equity (deficit) 270,130 273,885
Non Related Party    
Current liabilities    
Accounts payable and accrued liabilities 23,973 23,021
Related Party    
Current assets    
Accounts receivable, net 1,700 900
Current liabilities    
Accounts payable and accrued liabilities 94 0
Class A Common Stock    
Equity (Deficit)    
Common stock, value 1 1
Class B Common Stock    
Equity (Deficit)    
Common stock, value 0 0
Class V Common Stock    
Equity (Deficit)    
Common stock, value $ 0 $ 0