| 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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Three Months Ended June 30, |
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Six months ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Total revenue, net |
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$ |
76,208 |
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$ |
76,903 |
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$ |
153,091 |
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$ |
156,596 |
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Less: |
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Costs of product revenue |
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10,505 |
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13,933 |
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22,477 |
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28,499 |
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Costs of franchise and service revenue |
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3,955 |
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5,834 |
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8,052 |
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10,881 |
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Marketing and promotion |
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1,205 |
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|
2,091 |
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2,566 |
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4,224 |
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Salary and wages |
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10,555 |
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11,040 |
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22,027 |
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22,239 |
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Professional services (including legal and accounting) |
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1,841 |
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9,429 |
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24,671 |
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15,186 |
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Rent and occupancy |
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1,642 |
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3,030 |
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3,279 |
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8,187 |
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Marketing fund expense |
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8,855 |
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7,847 |
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18,212 |
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|
14,362 |
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Acquisition and transaction expenses (income) |
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(1,915 |
) |
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(1,217 |
) |
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(10,553 |
) |
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|
3,298 |
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Other segment items(1) |
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7,066 |
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7,456 |
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13,114 |
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16,497 |
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Equity-based compensation |
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2,666 |
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4,196 |
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5,947 |
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8,138 |
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Depreciation and amortization |
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2,973 |
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4,517 |
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5,929 |
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8,953 |
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Impairment of goodwill and other noncurrent assets |
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12,928 |
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12,089 |
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14,843 |
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|
12,089 |
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Interest income |
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(701 |
) |
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(387 |
) |
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(1,320 |
) |
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(750 |
) |
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Interest expense |
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12,975 |
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11,256 |
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24,363 |
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22,801 |
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Income taxes |
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312 |
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|
132 |
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|
797 |
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|
85 |
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Segment net income (loss) |
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$ |
1,346 |
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$ |
(14,343 |
) |
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$ |
(1,313 |
) |
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$ |
(18,093 |
) |
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(1)
Other segment items include restructuring expenses of $907 and $1,058 for the three and six months ended June 30, 2025, respectively, and $487 and $4,930 for the three and six months ended June 30, 2024, respectively. Other segment items also include travel expenses, insurance expense, TRA expense, and other selling, general and administrative expenses.
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