| 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:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2025 |
|
|
2024 |
|
Total revenue, net |
|
$ |
76,883 |
|
|
$ |
79,693 |
|
Less: |
|
|
|
|
|
|
Costs of product revenue |
|
|
11,972 |
|
|
|
14,566 |
|
Costs of franchise and service revenue |
|
|
4,097 |
|
|
|
5,047 |
|
Marketing and promotion |
|
|
1,361 |
|
|
|
2,133 |
|
Salary and wages |
|
|
11,472 |
|
|
|
11,199 |
|
Professional services (including legal and accounting) |
|
|
22,830 |
|
|
|
5,757 |
|
Rent and occupancy |
|
|
1,637 |
|
|
|
5,157 |
|
Marketing fund expense |
|
|
9,357 |
|
|
|
6,515 |
|
Acquisition and transaction expenses (income) |
|
|
(8,638 |
) |
|
|
4,515 |
|
Other segment items(1) |
|
|
6,048 |
|
|
|
9,041 |
|
Equity-based compensation |
|
|
3,281 |
|
|
|
3,942 |
|
Depreciation and amortization |
|
|
2,956 |
|
|
|
4,436 |
|
Impairment of goodwill and other noncurrent assets |
|
|
1,915 |
|
|
|
- |
|
Interest income |
|
|
(619 |
) |
|
|
(363 |
) |
Interest expense |
|
|
11,388 |
|
|
|
11,545 |
|
Income taxes (benefit) |
|
|
485 |
|
|
|
(47 |
) |
Segment net loss |
|
$ |
(2,659 |
) |
|
$ |
(3,750 |
) |
(1)
Other segment items include restructuring expenses of $151 and $4,443 for the three months ended March 31, 2025 and 2024, respectively. Other segment items also include travel expenses, insurance expense, TRA expense, and other selling, general and administrative expenses.
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