CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash	$ 4,698	$ 2,161
Restricted cash	0	1,839
Accounts receivable, net	101	2
Contract assets, net	636	0
Deposits	70	36,000
Note receivable, current	206	0
Aviation asset option	324	0
Prepaid expenses and other current assets	572	1,031
Current assets - discontinued operations	267	2,281
Total current assets	9,810	43,314
Property and equipment, net	323	680
Operating lease, right-of-use assets	128	167
Deposits	0	300
Note receivable, non-current	1,693	0
Non-current assets - discontinued operations	0	1,838
Total assets	11,954	46,299
Current liabilities:
Accounts payable and accrued liabilities	3,394	5,452
Dividend payable	1,637	0
Convertible notes, net	4,230	4,050
Operating lease liability	43	39
Credit facility and other loans	0	28,855
Customer deposits and deferred revenue	2,823	11,386
Current liabilities - discontinued operations	1,591	12,418
Total current liabilities	13,718	62,200
Operating lease liability, non-current	85	128
Non-current liabilities - discontinued operations	0	305
Total liabilities	13,803	62,633
COMMITMENTS AND CONTINGENCIES (Note 15)
Shareholders’ deficit:
Common Stock Class A, $0.001 par value; 200,000,000 authorized; 7,435,756 and 1,843,852 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	5	5
Additional paid-in capital	98,917	87,968
Accumulated deficit	(100,771)	(104,307)
Total shareholders’ deficit	(1,849)	(16,334)
Total liabilities and shareholders’ equity	11,954	46,299
M2I
Current assets:
Investments	1,197	0
flyExclusive
Current assets:
Investments	$ 1,739	$ 0