Segment Information (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Segment Information |
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| Schedule of segment reporting information, by segment |
| | | | | | | | | | | | | | | | | | Three months ended June 30, 2025 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Revenue | | $ | 4,886 | | $ | 2,156 | | $ | 647 | | $ | — | | $ | 7,689 | Operating (loss)/income | | $ | 579 | | $ | 689 | | $ | (240) | | $ | (3,720) | | $ | (2,692) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2024 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Revenue | | $ | 4,923 | | $ | 3,842 | | $ | 517 | | $ | — | | $ | 9,282 | Operating (loss)/income | | $ | (1,444) | | $ | 1,642 | | $ | (30) | | $ | (2,061) | | $ | (1,893) |
| | | | | | | | | | | | | | | | | | Six months ended June 30, 2025 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Revenue | | $ | 9,180 | | $ | 4,333 | | $ | 1,199 | | $ | — | | $ | 14,712 | Operating (loss)/income | | $ | 1,378 | | $ | 1,308 | | $ | (663) | | $ | (7,873) | | $ | (5,850) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2024 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Revenue | | $ | 9,358 | | $ | 7,485 | | $ | 1,165 | | $ | — | | $ | 18,008 | Operating (loss)/income | | $ | (4,222) | | $ | 3,312 | | $ | (111) | | $ | (3,250) | | $ | (4,271) |
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| Schedule of reconciliation of revenue and operating income (loss) from segments to consolidated |
| | | | | | | | | | | | | | | | | | Three months ended June 30, 2025 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Revenue from external customers | | $ | 4,886 | | $ | 2,156 | | $ | 647 | | $ | — | | $ | 7,689 | Less: Significant Expenses (1): | | | | | | | | | | | | | | | | Cost of Goods Sold - Labor | | | 2,388 | | | 1,180 | | | 344 | | | — | | | 3,912 | Cost of Goods Sold - Products & Services | | | 353 | | | - | | | 10 | | | - | | | 363 | Occupancy Cost | | | 1,057 | | | 21 | | | 160 | | | — | | | 1,238 | Other Cost of Revenue | | | 224 | | | 41 | | | 136 | | | — | | | 401 | Depreciation and amortization | | | 110 | | | 2 | | | 59 | | | 16 | | | 187 | Less: Other Segment Expenses (2): | | | | | | | | | | | | | | | | Other segment operating expenses | | | 175 | | | 223 | | | 178 | | | 3,704 | | | 4,280 | Segment operating (loss) income | | $ | 579 | | $ | 689 | | $ | (240) | | $ | (3,720) | | $ | (2,692) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2024 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Revenue from external customers | | $ | 4,923 | | $ | 3,842 | | $ | 517 | | $ | — | | $ | 9,282 | Less: Significant Expenses (1): | | | | | | | | | | | | | | | | Cost of Goods Sold - Labor | | | 2,659 | | | 1,721 | | | 280 | | | — | | | 4,660 | Cost of Goods Sold - Products & Services | | | 386 | | | 20 | | | 8 | | | — | | | 414 | Occupancy Cost | | | 655 | | | 10 | | | 38 | | | — | | | 703 | Other Cost of Revenue | | | 222 | | | 126 | | | 78 | | | — | | | 426 | Depreciation and amortization | | | 154 | | | 30 | | | 31 | | | 13 | | | 228 | Loss on disposal of assets, net | | | 19 | | | — | | | — | | | - | | | 19 | Less: Other Segment Expenses (2): | | | | | | | | | | | | | | | | Other segment operating expenses | | | 2,272 | | | 293 | | | 112 | | | 2,048 | | | 4,725 | Segment operating (loss) income | | $ | (1,444) | | $ | 1,642 | | $ | (30) | | $ | (2,061) | | $ | (1,893) |
| | | | | | | | | | | | | | | | | | Six months ended June 30, 2025 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Revenue from external customers | | $ | 9,180 | | $ | 4,333 | | $ | 1,199 | | $ | — | | $ | 14,712 | Less: Significant Expenses (1): | | | | | | | | | | | | | | | | Cost of Goods Sold - Labor | | | 4,743 | | | 2,470 | | | 666 | | | — | | | 7,879 | Cost of Goods Sold - Products & Services | | | 600 | | | — | | | 20 | | | — | | | 620 | Occupancy Cost | | | 2,033 | | | 27 | | | 312 | | | — | | | 2,372 | Other Cost of Revenue | | | 440 | | | 104 | | | 203 | | | — | | | 747 | Depreciation and amortization | | | 205 | | | 4 | | | 114 | | | 30 | | | 353 | Less: Other Segment Expenses (2): | | | | | | | | | | | | | | | | Other segment operating expenses | | | (219) | | | 420 | | | 547 | | | 7,843 | | | 8,591 | Segment operating (loss) income | | $ | 1,378 | | $ | 1,308 | | $ | (663) | | $ | (7,873) | | $ | (5,850) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2024 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Revenue from external customers | | $ | 9,358 | | $ | 7,485 | | $ | 1,165 | | $ | — | | $ | 18,008 | Less: Significant Expenses (1): | | | | | | | | | | | | | | | | Cost of Goods Sold - Labor | | | 4,940 | | | 3,189 | | | 680 | | | — | | | 8,809 | Cost of Goods Sold - Products & Services | | | 702 | | | 39 | | | 26 | | | — | | | 767 | Occupancy Cost | | | 1,540 | | | 19 | | | 86 | | | — | | | 1,645 | Other Cost of Revenue | | | 503 | | | 361 | | | 179 | | | — | | | 1,043 | Depreciation and amortization | | | 305 | | | 56 | | | 62 | | | 30 | | | 453 | Impairment of long-lived assets | | | 652 | | | — | | | — | | | — | | | 652 | Loss on disposal of assets, net | | | 19 | | | — | | | — | | | — | | | 19 | Less: Other Segment Expenses (2): | | | | | | | | | | | | | | | | Other segment operating expenses | | | 4,919 | | | 509 | | | 243 | | | 3,220 | | | 8,891 | Segment operating (loss) income | | $ | (4,222) | | $ | 3,312 | | $ | (111) | | $ | (3,250) | | $ | (4,271) |
(1) | The significant expense amounts align with the expenses that the CODM is regularly provided with to assess performance and allocate resources. |
(2) | For all segments, SGA consists of the following: |
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| Reconciliation of other significant items |
| | | | | | | | | | | | | | | | | | Three months ended June 30, 2025 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Stock based compensation | | $ | 39 | | $ | - | | $ | — | | $ | 560 | | $ | 599 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2024 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Stock based compensation | | $ | 281 | | $ | 23 | | $ | — | | $ | — | | $ | 304 | Impairment | | $ | — | | $ | — | | $ | — | | $ | — | | $ | - |
| | | | | | | | | | | | | | | | | | Six months ended June 30, 2025 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Stock based compensation | | $ | 75 | | $ | 3 | | $ | — | | $ | 604 | | $ | 682 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2024 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Stock based compensation | | $ | 540 | | $ | 46 | | $ | — | | $ | — | | $ | 586 | Impairment | | $ | 652 | | $ | — | | $ | — | | $ | — | | $ | 652 |
| | | | | | | | | | | | | | | | | | June 30, 2025 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Capital expenditures | | $ | 612 | | $ | — | | $ | 614 | | $ | 102 | | $ | 1,328 | Assets | | $ | 9,519 | | $ | 1,615 | | $ | 6,321 | | $ | 4,990 | | $ | 22,445 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | XpresSpa | | XpresTest | | Naples Wax | | Corporate and other | | Total | Capital expenditures | | $ | 755 | | $ | 49 | | $ | 959 | | $ | 18 | | $ | 1,781 | Assets | | $ | 8,545 | | $ | 2,133 | | $ | 6,216 | | $ | 8,458 | | $ | 25,352 |
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| Schedule of information about geographical revenue and long-lived assets |
| | | | | | | | | Six months ended | | | June 30, | | | 2025 | | 2024 | Revenue | | | | | | | United States | | $ | 11,902 | | $ | 15,113 | All other countries | | | 2,810 | | | 2,895 | Total revenue | | $ | 14,712 | | $ | 18,008 |
| | | | | | | | | Three months ended | | | June 30, | | | 2025 | | 2024 | Revenue | | | | | | | United States | | $ | 6,197 | | $ | 7,765 | All other countries | | | 1,492 | | | 1,517 | Total revenue | | $ | 7,689 | | $ | 9,282 |
| | | | | | | Long-lived assets | | June 30, 2025 | | December 31, 2024 | United States | | $ | 5,139 | | $ | 3,289 | All other countries | | | 795 | | | 1,929 | Total long-lived assets | | $ | 5,934 | | $ | 5,218 |
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