XML 15 R6.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows used in operating activities:    
Net income (loss) $ 74,820,000 $ (5,489,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,870,000 2,732,000
Gain on sale of discontinued operations, net of taxes (103,509,000)  
Gain on investment   (132,000)
Loss on disposal of property and equipment 98,000  
Write down of inventory 807,000  
Amortization of debt issuance costs 113,000 43,000
Stock-based compensation expense 8,730,000 3,971,000
Changes in operating assets and liabilities:    
Accounts receivable 6,158,000 2,890,000
Inventories 4,482,000 219,000
Prepaid expenses and other assets (2,613,000) (361,000)
Accounts payable (5,318,000) (2,530,000)
Deferred revenue 311,000 613,000
Accrued income taxes payable (2,017,000) 182,000
Accrued expenses and other liabilities (365,000) (981,000)
Net cash provided by (used in) operating activities (15,433,000) 1,157,000
Cash flows from investing activities:    
Capital expenditures (1,493,000) (4,284,000)
Proceeds from sale of discontinued operations, net of cash sold 142,986,000  
Proceeds from investment   132,000
Net cash provided by (used in) investing activities 141,493,000 (4,152,000)
Cash flows from financing activities:    
Borrowings under revolving loan facility, net of issuance costs 9,887,000 23,906,000
Repayments under revolving loan facility (20,000,000) (14,000,000)
Taxes paid related to net share settlement of restricted stock units (1,642,000) (796,000)
Repurchases of common stock (1,879,000)  
Proceeds from exercise of warrants   963,000
Net cash provided by (used in) financing activities (13,634,000) 10,073,000
Effect of exchange rates on cash, cash equivalents, and restricted cash (864,000) 169,000
Net increase (decrease) in cash, cash equivalents, and restricted cash 111,562,000 7,247,000
Cash, cash equivalents, and restricted cash, Beginning of period 24,384,000 17,137,000
Cash, cash equivalents, and restricted cash, End of period 135,946,000 24,384,000
Supplemental Disclosures of Cash Flow Information:    
Interest paid 324,000 451,000
Taxes paid, net 4,181,000 123,000
Non-cash investing and financing activities:    
Dividends earned on Series B preferred stock 883,000 1,266,000
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 560,000 $ 2,368,000