| Schedule of Financial Information for the Company's One Reportable and Operating Segment |
The following table presents the financial information for the Company’s one reportable and operating segment:
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Years ended December 31, |
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2024 |
|
|
2023 |
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|
2022 |
|
Total revenue, net |
|
$ |
320,346 |
|
|
$ |
317,937 |
|
|
$ |
243,199 |
|
Less: |
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|
|
|
|
|
|
|
|
Costs of product revenue |
|
|
59,477 |
|
|
|
60,331 |
|
|
|
46,451 |
|
Costs of franchise and service revenue |
|
|
21,806 |
|
|
|
15,985 |
|
|
|
18,447 |
|
Marketing and promotion |
|
|
11,850 |
|
|
|
15,663 |
|
|
|
13,556 |
|
Salary and wages |
|
|
43,132 |
|
|
|
55,400 |
|
|
|
36,415 |
|
Professional services (including legal and accounting) |
|
|
53,837 |
|
|
|
29,642 |
|
|
|
27,960 |
|
Rent and occupancy |
|
|
16,673 |
|
|
|
27,548 |
|
|
|
9,122 |
|
Marketing fund expense |
|
|
26,673 |
|
|
|
22,683 |
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|
|
17,290 |
|
Acquisition and transaction expenses (income) |
|
|
8,886 |
|
|
|
(18,464 |
) |
|
|
2,438 |
|
Other segment items(1) |
|
|
36,894 |
|
|
|
25,806 |
|
|
|
10,704 |
|
Equity-based compensation |
|
|
15,466 |
|
|
|
17,997 |
|
|
|
29,044 |
|
Depreciation and amortization |
|
|
17,713 |
|
|
|
16,883 |
|
|
|
15,315 |
|
Impairment of goodwill and other assets |
|
|
62,551 |
|
|
|
16,750 |
|
|
|
3,656 |
|
Interest income |
|
|
(1,824 |
) |
|
|
(1,611 |
) |
|
|
(1,805 |
) |
Interest expense |
|
|
46,250 |
|
|
|
38,733 |
|
|
|
13,017 |
|
Income taxes |
|
|
(342 |
) |
|
|
1,034 |
|
|
|
488 |
|
Segment net income (loss) |
|
$ |
(98,696 |
) |
|
$ |
(6,443 |
) |
|
$ |
1,101 |
|
(1)
Other segment items primarily include restructuring expenses of $14,915, $5,689 and $0 for the years ended December 31, 2024, 2023 and 2022, respectively. Other segment items also include travel expenses, TRA expense, and other selling, general and administrative expenses.
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