XML 41 R30.htm IDEA: XBRL DOCUMENT v3.25.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted income (loss) per common share attributable to the Company’s stockholders (in thousands, except per share data):

Three Months Ended June 30, Six Months Ended June 30,
2025202420252024
Numerator:
Income (loss) from continuing operations$12,412 $(6,938)$16,409 $(19,658)
Income (loss) from discontinued operations, net of tax96,227 (1,249)96,250 (91,887)
Net income (loss)$108,639 $(8,187)$112,659 $(111,545)
 
Denominator:
Weighted average number of shares of common stock outstanding - basic (1)47,398,767 29,399,365 47,397,193 28,110,331 
Add: effect of dilutive Series G convertible preferred stock (2)8,582 — 8,582 — 
Add: effect of dilutive restricted stock units (2)427 — — — 
Add: effect of dilutive common stock options (2)227,370 — 97,494 — 
Weighted average number of common shares outstanding – dilutive47,635,146 29,399,365 47,503,269 28,110,331 
 
Income (loss) from continuing operations$0.26 $(0.24)$0.35 $(0.70)
Income (loss) from discontinued operations2.03 (0.04)2.03 (3.27)
Basic net income (loss) per common share$2.29 $(0.28)$2.38 $(3.97)
 
Income (loss) from continuing operations$0.26 $(0.24)$0.35 $(0.70)
Income (loss) from discontinued operations2.02 (0.04)2.03 (3.27)
Dilutive net income (loss) per common share$2.28 $(0.28)$2.38 $(3.97)
(1)    Includes: restricted stock awards only when the underlying restrictions expire, the shares are no longer forfeitable, and are thus vested; restricted stock units only when the underlying restrictions expire, the shares are no longer forfeitable, and are thus vested; and contingently issuable shares only when there are no circumstances under which those shares would not be issued.
(2)     There was no dilutive effect from the Series G convertible preferred stock, restricted stock units, or common stock options for the three and six months ended June 30, 2024 due to the net loss in the periods.
Schedule of Antidilutive Securities Anti-dilutive potential shares of common stock are as follows:
Three Months Ended June 30, Six Months Ended June 30
2025202420252024
Series G convertible preferred stock— 8,582 — 8,582 
Financing Warrants39,774 39,774 39,774 39,774 
ABG Warrants— 999,540 — 999,540 
AllHipHop Warrants5,682 5,682 5,682 5,682 
Publisher Partner Warrants9,800 9,800 9,800 9,800 
Restricted stock units36,575 194,212 37,002 194,212 
Common stock options2,931,149 3,840,700 3,061,025 3,840,700 
Anti-dilutive securities, excluded3,022,980 5,098,290 3,153,283 5,098,290