Global Wells

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Global Wells

Global Wells

The following financial information includes assets and liabilities of Global Wells and are included in the accompanying consolidated balance sheets, except for those that eliminate upon consolidation:

	December 31, 2025		December 31, 2024
	(in thousands)
Cash and cash equivalents	$	1,488	$	1,703
Short-term investments	—		11,128
Accounts receivable, net	30		—
Prepaid expenses and other current assets	790		535
Property and equipment, net	41,758		42,972
Other non-current assets	2,485		2,608
Total assets	$	46,551	$	58,946
Accounts payable	$	97	$	16
Accrued expenses	535		489
Due to Lollicup USA Inc.	—		14
Income taxes payable	—		3
Other current liabilities	49		916
Long-term debt, current portion	12,941		1,179
Long-term debt, net of current portion	22,862		47,279
Other non-current liabilities	1,223		1,198
Total liabilities	$	37,707	$	51,094

During the year ended December 31, 2024, Global Wells and one of its members entered into a membership interest redemption agreement. See Note 2 — Summary of Significant Accounting Policies for further discussion on the redemption.