XML 16 R5.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income (loss) $ (5,445,000) $ (18,743,000)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, Depletion and Amortization 3,729,000 4,395,000
Amortization of Financing Costs and Discounts (535,000) (586,000)
Share-based compensation 22,679,000 22,948,000
Provision for doubtful accounts 311,000 160,000
Gain on lease modification 0 (697,000)
Loss on Disposition of Other Assets 0 774,000
Gain on Extinguishment of Debt (4,189,000) 0
Changes in operating assets and liabilities:    
Accounts and unbilled receivables (313,000) 1,173,000
Increase (Decrease) in Deferred Costs (1,092,000) 572,000
Prepaid expenses and other assets (4,397,000) 174,000
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net (277,000) (1,516,000)
Accounts payable (3,088,000) 3,885,000
Accrued liabilities 1,600,000 2,418,000
Accrued payroll and other employee benefits (7,729,000) (13,511,000)
Deferred revenue 3,176,000 330,000
Net cash provided by (used in) operating activities 4,430,000 1,776,000
Investing activities:    
Purchases of property and equipment (144,000) (438,000)
Payments to Acquire Other Productive Assets 0 (58,000)
Payments to Acquire Other Investments 0 (113,000)
Proceeds from Investments 118,000 0
Net cash provided by (used in) investing activities (26,000) (609,000)
Financing activities:    
Proceeds from Stock Plans 1,030,000 1,024,000
Tax withholding related to net share settlement of restricted stock units (5,495,000) (10,161,000)
Proceeds from Convertible Debt 50,000,000 0
Payments of Debt Issuance Costs (3,525,000) 0
Purchase of capped call (27,895,000) 0
Repayment of convertible debt 0 (21,713,000)
Net cash provided by (used in) financing activities 14,115,000 (30,850,000)
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation (1,544,000) 22,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 16,975,000 (29,661,000)
Cash, cash equivalents and restricted cash:    
Beginning of period 171,983,000 178,747,000
End of period 188,958,000 149,086,000
Cash and cash equivalents 178,958,000 139,086,000
Restricted Cash, Noncurrent 10,000,000 10,000,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Total 188,958,000 149,086,000
Capital Expenditures Incurred but Not yet Paid $ 425,000 $ 76,000