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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Class A Common Shares [Member]
Common Stock [Member]
Class A Common Shares [Member]
Preferred Stock [Member]
Series A Preferred Shares [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Non-Controlling Interest [Member]
Beginning balance at Dec. 31, 2023 $ 563,164   $ 562 $ 28 $ 1,361,742 $ (800,342) $ 1,174
Beginning balance, shares at Dec. 31, 2023     56,195 2,800      
Net loss (120,212)         (120,212)  
Preferred dividends declared (2,450)         (2,450)  
Vesting of restricted share units, shares     73        
Share-based compensation 1,122       1,122    
Contributions to consolidated VIEs 55           55
Ending balance at Jun. 30, 2024 441,679   $ 562 $ 28 1,362,864 (923,004) 1,229
Ending balance, shares at Jun. 30, 2024     56,268 2,800      
Beginning balance at Mar. 31, 2024 543,598   $ 562 $ 28 1,362,386 (820,552) 1,174
Beginning balance, shares at Mar. 31, 2024     56,263 2,800      
Net loss (101,227)         (101,227)  
Preferred dividends declared (1,225)         (1,225)  
Vesting of restricted share units, shares     5        
Share-based compensation 478       478    
Contributions to consolidated VIEs 55           55
Ending balance at Jun. 30, 2024 441,679   $ 562 $ 28 1,362,864 (923,004) 1,229
Ending balance, shares at Jun. 30, 2024     56,268 2,800      
Beginning balance at Dec. 31, 2024 405,803   $ 562 $ 28 1,362,644 (958,778) 1,347
Beginning balance, shares at Dec. 31, 2024   56,274,466 56,274 2,800      
Net loss (50,708)         (50,708)  
Preferred dividends declared (2,450)         (2,450)  
Vesting of restricted share units, shares     88        
Restricted stock withholdings, shares     (38)        
Restricted stock withholdings (127)       (127)    
Share-based compensation 201       201    
Contributions to consolidated VIEs 18           18
Ending balance at Jun. 30, 2025 352,737   $ 562 $ 28 1,362,718 (1,011,936) 1,365
Ending balance, shares at Jun. 30, 2025   56,324,607 56,324 2,800      
Beginning balance at Mar. 31, 2025 382,450   $ 562 $ 28 1,362,718 (982,205) 1,347
Beginning balance, shares at Mar. 31, 2025     56,324 2,800      
Net loss (28,506)         (28,506)  
Preferred dividends declared (1,225)         (1,225)  
Contributions to consolidated VIEs 18           18
Ending balance at Jun. 30, 2025 $ 352,737   $ 562 $ 28 $ 1,362,718 $ (1,011,936) $ 1,365
Ending balance, shares at Jun. 30, 2025   56,324,607 56,324 2,800