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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Equity Attributed to Legacy Wentworth Management Services LLC
Redeemable Convertible Preferred Stock
Redeemable Series A Convertible Preferred Stock
Common Stock
Additional Paid-in Capital
Redeemable Series A Convertible Preferred Stock
Additional Paid-in Capital
Series B Convertible Preferred Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated and Other Comprehensive Income (Loss)
Preferred units
Redeemable Series A Convertible Preferred Stock
Preferred units
Series B Convertible Preferred Stock
Redeemable Series A Convertible Preferred Stock
Series B Convertible Preferred Stock
Total
Beginning balance at Dec. 31, 2023 $ 5,103                       $ 5,103
Distributions (85)                       (85)
Net income prior to transaction 730                       730
Reverse merger and recapitalization of legacy Wentworth Management Services LLC (5,748)         $ 23,693 $ (17,961)           (16)
Reverse merger and recapitalization of legacy Wentworth Management Services LLC (in shares)     16,566,000                    
Shares issuance   $ 14,400                     14,400
Shares issuance (in shares)   1,500,000                      
Net income (loss)             (2,311)           (2,311)
Preferred stock, ending balance at Mar. 31, 2024   $ 14,400                      
Ending balance at Mar. 31, 2024           23,693 (20,272)           17,813
Ending balance (in shares) at Mar. 31, 2024   1,500,000 16,566,000                    
Beginning balance at Dec. 31, 2023 $ 5,103                       5,103
Net income prior to transaction                         730
Net income (loss)                         (3,049)
Preferred stock, ending balance at Jun. 30, 2024   $ 14,595                      
Ending balance at Jun. 30, 2024           23,719 (21,017)           17,297
Ending balance (in shares) at Jun. 30, 2024   1,520,000 16,603,000                    
Preferred stock, beginning balance at Mar. 31, 2024   $ 14,400                      
Beginning balance at Mar. 31, 2024           23,693 (20,272)           17,813
Beginning balance (in shares) at Mar. 31, 2024   1,500,000 16,566,000                    
Shares issuance   $ 195                     195
Shares issuance (in shares)   20,000                      
Dividends - Preferred stock       $ (390)             $ (390)    
Issuance of common stock in connection with exercise of warrants           416             416
Issuance of common stock in connection with exercise of warrants (in shares)     37,000                    
Net income (loss)             (736)           (736)
Preferred stock, ending balance at Jun. 30, 2024   $ 14,595                      
Ending balance at Jun. 30, 2024           23,719 (21,017)           17,297
Ending balance (in shares) at Jun. 30, 2024   1,520,000 16,603,000                    
Preferred stock, beginning balance at Dec. 31, 2024                 $ 14,947 $ 1,500 $ 14,947    
Preferred stock, beginning balance (in shares) at Dec. 31, 2024                 1,555,000 150,000 1,555,000    
Beginning balance at Dec. 31, 2024           22,984 (23,253)           16,178
Beginning balance (in shares) at Dec. 31, 2024     16,603,000                    
Shares issuance                 $ 174       174
Shares issuance (in shares)                 17,000        
Dividends - Preferred stock       (351) $ (27)           $ (351) $ (27)  
Net income (loss)             1,033           1,033
Preferred stock, ending balance at Mar. 31, 2025                 $ 15,121 $ 1,500      
Preferred stock ending balance (in shares) at Mar. 31, 2025                 1,572,000 150,000      
Ending balance at Mar. 31, 2025           22,606 (22,220)           17,007
Ending balance (in shares) at Mar. 31, 2025     16,603,000                    
Preferred stock, beginning balance at Dec. 31, 2024                 $ 14,947 $ 1,500 $ 14,947    
Preferred stock, beginning balance (in shares) at Dec. 31, 2024                 1,555,000 150,000 1,555,000    
Beginning balance at Dec. 31, 2024           22,984 (23,253)           16,178
Beginning balance (in shares) at Dec. 31, 2024     16,603,000                    
Change in value of interest rate swap                         (152)
Net income (loss)                         378
Preferred stock, ending balance at Jun. 30, 2025                 $ 15,300 $ 1,500 $ 15,300    
Preferred stock ending balance (in shares) at Jun. 30, 2025                 1,590,000 150,000 1,590,000    
Ending balance at Jun. 30, 2025           22,613 (22,874) $ (152)         16,387
Ending balance (in shares) at Jun. 30, 2025     16,711,000                    
Preferred stock, beginning balance at Mar. 31, 2025                 $ 15,121 $ 1,500      
Preferred stock, beginning balance (in shares) at Mar. 31, 2025                 1,572,000 150,000      
Beginning balance at Mar. 31, 2025           22,606 (22,220)           17,007
Beginning balance (in shares) at Mar. 31, 2025     16,603,000                    
Shares issuance                 $ 179       179
Shares issuance (in shares)                 18,000        
Dividends - Preferred stock       $ (358) $ (27)           $ (358) $ (27)  
Share based compensation           392             392
Share based compensation (in shares)     108,000                    
Change in value of interest rate swap               (152)         (152)
Net income (loss)             (654)           (654)
Preferred stock, ending balance at Jun. 30, 2025                 $ 15,300 $ 1,500 $ 15,300    
Preferred stock ending balance (in shares) at Jun. 30, 2025                 1,590,000 150,000 1,590,000    
Ending balance at Jun. 30, 2025           $ 22,613 $ (22,874) $ (152)         $ 16,387
Ending balance (in shares) at Jun. 30, 2025     16,711,000