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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,407 $ 3,064
Restricted cash 73 131
Mortgage loans held for sale, net, at fair value 10,838 15,072
Interest rate lock commitment derivative 285 232
Accounts receivable, net (includes related party receivables of $16 as of December 31, 2025) 28 20
Other receivable 40
Prepaid expenses and other current assets 305 459
Due from affiliate 198 400
Total current assets 13,174 19,378
Goodwill 33,310 33,310
Property and equipment, net 11,052 11,710
Intangible assets, net 4,780 4,829
Right-of-use assets 297 401
Simple Agreements for Future Equity (“SAFEs”), related party 148
Other assets, net 304 441
Total Assets 62,917 70,217
Current liabilities:    
Warehouse lines of credit and accrued interest 10,408 14,544
Accounts payable 848 645
Accrued liabilities 844 903
Current portion of lease liabilities 252 239
Total current liabilities 12,352 16,331
Lease liabilities, net of current portion 86 221
Other noncurrent liabilities 57
Total liabilities 12,438 16,609
Commitments and contingencies (Note 16)
Shareholders’ Equity:    
Common stock, $0.0001 par value; 100,000,000 shares authorized and 32,730,069 and 27,904,433 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 3 3
Additional paid-in capital 185,607 179,354
Accumulated other comprehensive loss (42) (48)
Accumulated deficit (135,089) (125,702)
Total Shareholders’ Equity 50,479 53,608
Total Liabilities and Shareholders’ Equity 62,917 70,217
Series A Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock value 1
Series B Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock value
Series F 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