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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income $ 3,734 $ 9,935
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 507 11
Equity in loss of unconsolidated affiliate 19  
Depreciation and amortization 535 415
Noncash lease expense 197 119
Deferred income taxes, net (191) (313)
Bad debt expense and other non-cash items 188 (7)
Accrued interest on certificates of deposit 483 (234)
Change in fair value of long-term receivable (39) (58)
Change in fair value of derivative liabilities 39 58
Change in fair value of warrant liability (2,255) (4,288)
Loss on disposal of property and equipment   3
Changes in operating assets and liabilities:    
Notes receivable 2,243 32
Accounts and note receivables (722) (31)
Inventories (1,541) (666)
Prepaid and other assets (5,541) (1,524)
Income tax payable (2,266) 1,423
Accounts payable 14 (23)
Accrued expenses and other liabilities 4,442 (1,968)
Net proceeds from CVR liability settlement 25  
Net cash (used in) provided by operating activities (129) 2,884
Investing Activities    
Acquisition of intangible assets (699)  
Purchase of certificates of deposit (8,403) (7,039)
Purchase of property and equipment (122) (231)
Proceeds from sale of equipment 1 50
Maturity of certificates of deposit 11,190  
Net cash provided by (used in) investing activities 1,967 (7,220)
Financing Activities    
Deferred Offering costs (121)  
Proceeds from the exercise of stock options 956 658
Proceeds from the issuance of common stock in ATM program 509  
Net cash provided by financing activities 1,344 658
Effect of exchange rate changes on cash and cash equivalents 50 (46)
Net decrease in cash and cash equivalents 3,232 (3,724)
Cash and cash equivalents at beginning of the period 11,813 33,509
Cash and cash equivalents at end of the period 15,045 29,785
Supplemental Disclosure of Non-Cash Financing and Investing Activities:    
Convertible preferred stock conversion 0 64,525
Non-cash acquisition of property and equipment through prepaid conversion 0 453
Supplemental Disclosure of Cash Flow Information:    
Cash paid for income taxes $ 3,359 $ 1,436