| Segment Reporting [Table Text Block] |
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
September 30, |
|
|
September 30, |
|
| Revenue by Segment |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
(in thousands) |
|
|
(in thousands) |
|
| Europe |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Europe – Discontinued Operations |
|
|
- |
|
|
|
3,649 |
|
|
|
- |
|
|
|
9,611 |
|
| United States |
|
|
- |
|
|
|
93 |
|
|
|
- |
|
|
|
280 |
|
| Total for the period |
|
$ |
- |
|
|
$ |
3,742 |
|
|
$ |
- |
|
|
$ |
9,891 |
|
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
September 30, |
|
|
September 30, |
|
| Net Income/(loss) by Segment |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
(in thousands) |
|
|
(in thousands) |
|
| Europe |
|
$ |
(335 |
) |
|
$ |
(1,500 |
) |
|
$ |
14,026 |
|
|
$ |
(4,376 |
) |
| Europe – Discontinued Operations |
|
|
- |
|
|
|
(2,370 |
) |
|
|
- |
|
|
|
(5,419 |
) |
| United States |
|
|
(9,414 |
) |
|
|
(1,200 |
) |
|
|
(18,720 |
) |
|
|
(8,691 |
) |
| Total for the period |
|
$ |
(9,749 |
) |
|
$ |
(5,070 |
) |
|
$ |
(4,694 |
) |
|
$ |
(18,486 |
) |
| |
|
As of |
|
|
Year Ended |
|
| |
|
September 30, |
|
|
December 31, |
|
| Assets by Segment |
|
2025 |
|
|
2024 |
|
| |
|
(in thousands) |
|
| Europe – Continuing Operations |
|
|
|
|
|
|
|
|
| Other Assets |
|
$ |
26,199 |
|
|
$ |
3,959 |
|
| Total for Europe – Continuing Operations |
|
$ |
26,199 |
|
|
$ |
3,959 |
|
| |
|
|
|
|
|
|
|
|
| United States – Continuing Operations |
|
|
|
|
|
|
|
|
| Other Assets |
|
$ |
31,311 |
|
|
$ |
3,768 |
|
| Total for United States – Continuing Operations |
|
$ |
31,311 |
|
|
$ |
3,768 |
|
| |
|
As of |
|
|
Year Ended |
|
| |
|
September 30, |
|
|
December 31, |
|
| Liabilities by Segment |
|
2025 |
|
|
2024 |
|
| |
|
(in thousands) |
|
| Europe – Continuing Operations |
|
|
|
|
|
|
|
|
| Debt |
|
$ |
1,173 |
|
|
$ |
19,807 |
|
| Other Liabilities |
|
|
867 |
|
|
|
1,200 |
|
| Total for Europe – Continuing Operations |
|
$ |
2,040 |
|
|
$ |
21,007 |
|
| |
|
|
|
|
|
|
|
|
| United States – Continuing Operations |
|
|
|
|
|
|
|
|
| Debt |
|
$ |
12,830 |
|
|
$ |
9,598 |
|
| Other Liabilities |
|
|
20,015 |
|
|
|
11,007 |
|
| Total for United States – Continuing Operations |
|
$ |
32,845 |
|
|
$ |
20,605 |
|
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
September 30, |
|
|
September 30, |
|
| EBITDA by Segment |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
(in thousands) |
|
|
(in thousands) |
|
| Europe |
|
$ |
(306 |
) |
|
$ |
1,849 |
|
|
$ |
(1,044 |
) |
|
$ |
(1,026 |
) |
| Europe - discontinued operations |
|
|
- |
|
|
|
(663 |
) |
|
|
- |
|
|
|
5,468 |
|
| US |
|
|
(677 |
) |
|
|
(1,780 |
) |
|
|
(5,119 |
) |
|
|
(6,658 |
) |
| Total for the period |
|
$ |
(983 |
) |
|
$ |
(594 |
) |
|
$ |
(6,162 |
) |
|
$ |
(2,216 |
) |
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
September 30, |
|
|
September 30, |
|
| EBITDA Reconciliation to Net Loss |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
(in thousands) |
|
|
(in thousands) |
|
| Europe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Adjusted EBITDA |
|
$ |
(306 |
) |
|
$ |
1,849 |
|
|
$ |
(932 |
) |
|
$ |
(1,026 |
) |
| Depreciation, amortization, and accretion |
|
|
- |
|
|
|
(27 |
) |
|
|
- |
|
|
|
(27 |
) |
| Interest expense |
|
|
(29 |
) |
|
|
(3,322 |
) |
|
|
(555 |
) |
|
|
(3,323 |
) |
| Gain on sale of subsidiaries |
|
|
- |
|
|
|
- |
|
|
|
15,513 |
|
|
|
- |
|
| Net Income /(Loss) |
|
$ |
(335 |
) |
|
$ |
(1,500 |
) |
|
$ |
14,026 |
|
|
$ |
(4,376 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Europe - discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Adjusted EBITDA |
|
$ |
- |
|
|
$ |
(663 |
) |
|
$ |
- |
|
|
$ |
5,468 |
|
| Gain/(loss) from operations of discontinued business component |
|
|
- |
|
|
|
156 |
|
|
|
- |
|
|
|
(3,205 |
) |
| Gain/(loss) on sale of discontinued business components |
|
|
- |
|
|
|
(635 |
) |
|
|
- |
|
|
|
1,531 |
|
| Interest expense |
|
|
- |
|
|
|
(1,228 |
) |
|
|
- |
|
|
|
(9,213 |
) |
| Net Income /(Loss) |
|
$ |
- |
|
|
$ |
(2,370 |
) |
|
$ |
- |
|
|
$ |
(5,419 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| US |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Adjusted EBITDA |
|
$ |
(677 |
) |
|
$ |
(1,780 |
) |
|
$ |
(5,592 |
) |
|
$ |
(6,658 |
) |
| Depreciation, amortization, and accretion |
|
|
- |
|
|
|
(49 |
) |
|
|
(130 |
) |
|
|
(148 |
) |
| Interest expense |
|
|
(371 |
) |
|
|
(450 |
) |
|
|
(3,285 |
) |
|
|
(1,531 |
) |
| Fair value movement of FPA Asset |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(483 |
) |
| Fair value movement of convertible notes |
|
|
(1,377 |
) |
|
|
1,079 |
|
|
|
(2,263 |
) |
|
|
898 |
|
| Debt restructuring costs |
|
|
- |
|
|
|
- |
|
|
|
(753 |
) |
|
|
- |
|
| Fair value movement of warrant derivative liability |
|
|
(677 |
) |
|
|
- |
|
|
|
(514 |
) |
|
|
- |
|
| Gain on settlement of payables |
|
|
426 |
|
|
|
- |
|
|
|
426 |
|
|
|
- |
|
| Loss on issuance of debt |
|
|
(19 |
) |
|
|
- |
|
|
|
(19 |
) |
|
|
- |
|
| Loss on extinguishment of debt |
|
|
(3,404 |
) |
|
|
- |
|
|
|
(3,404 |
) |
|
|
- |
|
| Loss on settlement of SAA with Hover |
|
|
(2,025 |
) |
|
|
|
|
|
|
(2,025 |
) |
|
|
|
|
| Loss on settlement of liabilities |
|
|
(151) |
|
|
|
- |
|
|
|
(151) |
|
|
|
(948) |
|
| Provision for loss from related party |
|
|
(1,139 |
) |
|
|
- |
|
|
|
(1,139 |
) |
|
|
179 |
|
| Other expense |
|
|
- |
|
|
|
- |
|
|
|
(232 |
) |
|
|
- |
|
| Net Loss |
|
$ |
(9,414 |
) |
|
$ |
(1,200 |
) |
|
$ |
(18,720 |
) |
|
$ |
(8,691 |
) |
| Income Taxes |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Consolidated Net Income / (Loss) |
|
$ |
(9,749 |
) |
|
$ |
(5,070 |
) |
|
$ |
(4,694 |
) |
|
$ |
(18,486 |
) |
|