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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 10,896 $ 21,081 [1]
Restricted cash $ 219 $ 74 [1]
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party Related Party
Due from affiliates $ 6,515 $ 7,147 [1]
Prepaid expenses $ 1,622 $ 1,619 [1]
Financing Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration] Related Party Related Party
Notes receivable $ 13,069 $ 12,500 [1]
Other current assets, net 2,297 1,569 [1]
Total current assets 34,618 43,990 [1]
Investments in Sponsored Programs 1,311 1,248 [1]
Property, software and equipment, net 31,309 35,082 [1]
Operating lease assets 3,031 3,359 [1]
Other assets, net 3,429 3,614 [1]
Total assets 73,698 87,293 [1]
Current liabilities:    
Accounts payable 338 947 [1]
Accrued expenses 6,752 8,686 [1]
Due to stockholders 2,765 1,449 [1]
Operating lease liabilities, current 1,043 1,023 [1]
Loan payable, current 0 2,690 [1]
Other current liabilities 366 457 [1]
Total current liabilities 11,264 15,252 [1]
Operating lease liabilities, non-current 3,615 4,153 [1]
Other liabilities 283 275 [1]
Total liabilities 15,162 19,680 [1]
Commitments and contingencies (Note 16) [1]
Series A convertible preferred stock 25,018 25,018 [1]
STOCKHOLDERS’ EQUITY    
Additional paid-in capital 200,616 200,811 [1]
Accumulated deficit (179,165) (169,846) [1]
Total stockholders’ equity before non-controlling interests 21,454 30,968 [1]
Non-controlling interests in consolidated entity 12,064 11,627 [1]
Total stockholders’ equity 33,518 42,595 [1]
Total liabilities and stockholders’ equity 73,698 87,293 [1]
Common Stock Class A    
STOCKHOLDERS’ EQUITY    
Common stock, value, issued 0 0 [1]
Common Stock Class B    
STOCKHOLDERS’ EQUITY    
Common stock, value, issued 2 2 [1]
Common Class F    
STOCKHOLDERS’ EQUITY    
Common stock, value, issued $ 1 $ 1 [1]
[1] Derived from audited financials