Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and equivalents $ 40,670 $ 40,221
Accounts receivable, net 3,666 5,101
Inventories 1,976 2,088
Prepaid expenses and other 6,690 3,516
Assets held for sale   2,486
Total current assets 53,002 53,412
Other long-term assets    
Property and equipment, net 412,456 446,674
Operating lease right-of-use assets, net 53,142 55,957
Finance lease right-of-use assets, net 2,101 976
Goodwill 19,477 19,477
Other intangible assets, net 108,915 96,133
Deposits and other 716 705
Total Assets 649,809 673,334
Current liabilities    
Accounts payable 8,074 8,357
Capital expenditures payable 2,574 8,211
Accrued payroll and related 7,016 6,435
Accrued interest 14,265 14,270
Other accrued liabilities 35,990 24,260
Current portion of operating lease obligations 3,819 4,226
Current portion of finance lease obligations 1,802 1,610
Liabilities related to assets held for sale   86
Total current liabilities 73,540 67,455
Operating lease obligations, net of current portion 50,492 52,324
Finance lease obligations, net of current portion 1,538 1,095
Other long-term liabilities, net of current portion 41,376 37,328
Long-term debt, net 473,646 468,139
Deferred income taxes, net 2,476 1,946
Contract liabilities, net of current portion 4,203 4,550
Total liabilities 647,271 632,837
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock, $0.0001 par value, 100,000,000 shares authorized; 36,130,876 and 35,648,668 shares issued and outstanding at December 31, 2025 and 2024, respectively 4 4
Additional paid-in capital 118,019 115,781
Accumulated deficit (115,485) (75,288)
Total stockholders' equity 2,538 40,497
Total liabilities and stockholders' equity $ 649,809 $ 673,334