| 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, |
|
|
|
2026 |
|
|
2025 |
|
Total revenue, net |
|
$ |
60,714 |
|
|
$ |
76,883 |
|
Less: |
|
|
|
|
|
|
Costs of product revenue |
|
|
3,630 |
|
|
|
11,972 |
|
Costs of franchise and service revenue |
|
|
3,262 |
|
|
|
4,097 |
|
Marketing and promotion |
|
|
1,494 |
|
|
|
1,361 |
|
Salary and wages |
|
|
9,969 |
|
|
|
11,472 |
|
Professional services (including legal and accounting) |
|
|
10,079 |
|
|
|
22,830 |
|
Rent and occupancy |
|
|
1,225 |
|
|
|
1,637 |
|
Marketing fund expense |
|
|
11,674 |
|
|
|
9,357 |
|
Acquisition and transaction income |
|
|
(3,187 |
) |
|
|
(8,638 |
) |
Other segment items(1) |
|
|
5,289 |
|
|
|
6,048 |
|
Equity-based compensation |
|
|
1,984 |
|
|
|
3,281 |
|
Depreciation and amortization |
|
|
2,252 |
|
|
|
2,956 |
|
Impairment of goodwill and other noncurrent assets |
|
|
— |
|
|
|
1,915 |
|
Interest income |
|
|
(637 |
) |
|
|
(619 |
) |
Interest expense |
|
|
14,494 |
|
|
|
11,388 |
|
Income taxes |
|
|
6 |
|
|
|
485 |
|
Segment net income (loss) |
|
$ |
(820 |
) |
|
$ |
(2,659 |
) |
(1)
Other segment items include restructuring expenses of $765 and $151 for the three months ended March 31, 2026 and 2025, respectively. Other segment items also include travel expenses, insurance expenses, TRA expenses, and other selling, general and administrative expenses.
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