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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,906 $ 3,064
Restricted cash 81 131
Mortgage loans held for sale, net, at fair value 17,320 15,072
Interest rate lock commitment derivative 185 232
Accounts receivable, net (includes related party receivables of $16 as of December 31, 2025) 60 20
Other receivable 121
Prepaid expenses and other current assets 509 459
Due from affiliate 198 400
Total current assets 20,380 19,378
Goodwill 33,310 33,310
Property and equipment, net 10,995 11,710
Intangible assets, net 4,804 4,829
Right-of-use assets 350 401
Simple Agreements for Future Equity (“SAFEs”), related party 31 148
Other assets, net 386 441
Total Assets 70,256 70,217
Current liabilities:    
Warehouse lines of credit and accrued interest 15,410 14,544
Loans committed for funding 1,314
Accounts payable 815 645
Accrued liabilities 1,415 903
Current portion of lease liabilities 246 239
Total current liabilities 19,200 16,331
Lease liabilities, net of current portion 154 221
Other noncurrent liabilities 57
Total liabilities 19,354 16,609
Commitments and contingencies (Note 15)
Shareholders’ Equity:    
Common stock, $0.0001 par value; 100,000,000 shares authorized and 30,647,369 and 27,904,433 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 3 3
Additional paid-in capital 181,958 179,354
Accumulated other comprehensive loss (41) (48)
Accumulated deficit (131,018) (125,702)
Total Shareholders’ Equity 50,902 53,608
Total Liabilities and Shareholders’ Equity 70,256 70,217
Series A Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock value 1
Series B Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock value
Series E Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock value
Series F-1 Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock value
Series G Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock value