Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

Results of Discontinued Operations

The following table summarizes the results of discontinued operations for the three and nine months ended September 30, 2025 and 2024 (in thousands):

	Three Months Ended September 30, 2025		Three Months Ended September 30, 2024		Nine Months Ended September 30, 2025		Nine Months Ended September 30, 2024
Revenues:
Loyalty services revenues	$	9,269	$	12,086	$	28,202	$	38,085
Operating expenses:
Compensation and benefits	8,868		11,217		28,855		36,747
Professional services	48		64		111		320
Technology and communication	1,451		2,076		4,619		6,351
Selling, general and administrative	295		663		947		2,075
Impairment of long-lived assets	228		—		228		145
Other operating costs	165		312		679		1,091
Total operating expenses	11,055		14,332		35,439		46,729
Operating loss	(1,786)		(2,246)		(7,237)		(8,644)
Other income (expense), net	202		(283)		(772)		234
Loss before income taxes	(1,584)		(2,529)		(8,009)		(8,410)
Income tax (expense) benefit	(18)		1		(2)		3
Loss from discontinued operations	$	(1,602)	$	(2,528)	$	(8,011)	$	(8,407)

As of September 30, 2025 and December 31, 2024, the major classes of assets and liabilities of the Loyalty Business classified as held for sale were as follows (in thousands):

	As of September 30, 2025 (Unaudited)		As of December 31, 2024
Assets
Current assets:
Accounts receivable, net	$	20,377	$	16,965
Prepaid insurance	—		1
Other current assets	502		553
Total current assets	20,879		17,519
Other assets	3,576		2,165
Total assets	$	24,455	$	19,684
Liabilities
Current liabilities:
Accounts payable and accrued liabilities	$	18,758	$	25,651
Deferred revenue, current	1,440		1,605
Other current liabilities	654		526
Total current liabilities	20,852		27,782
Deferred revenue, noncurrent	1,864		2,621
Other noncurrent liabilities	3,104		3,504
Total liabilities	25,820		33,907

The following summarizes the significant non-cash operating activities for discontinued operations for the three and nine months ended September 30, 2025 and 2024 (in thousands):

	Three Months Ended September 30, 2025	Three Months Ended September 30, 2024	Nine Months Ended September 30, 2025	Nine Months Ended September 30, 2024
Non-cash lease expense	137	145	416	435
Share-based compensation expense	334	321	1,158	839
Total	$471	$466	$1,574	$1,273