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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 163,749,000 $ (4,698,000)
Adjustment to reconcile net income to net cash from operating activities:    
Depreciation and amortization 15,343,000 13,691,000
Loss on warrant liability 0 1,073,000
Impairment of assets 0 3,899,000
Impairment of goodwill 0 3,197,000
Derecognition of goodwill 0 453,000
Stock-based compensation expense 119,606,000 1,952,000
Changes to deferred taxes 22,942,000 (1,743,000)
Debt accretion expense 756,000 805,000
Changes in operating assets and liabilities:    
(Increase)/Decrease in Inventories (308,000) 1,131,000
(Increase)/Decrease in Income tax receivable (12,097,000) 0
(Increase)/Decrease in Prepaid expenses and other current assets (6,376,000) (1,361,000)
(Increase)/Decrease in Operating right-of-use assets 518,000 411,000
Increase/(Decrease) in Operating lease liabilities (164,000) (692,000)
Increase/(Decrease) in Accrued arbitration expenses 16,571,000 0
Increase/(Decrease) in Accrued income tax expense (26,533,000) 0
Increase/(Decrease) in Accrued expenses and other current liabilities 2,527,000 16,698,000
Net cash provided by operating activities 177,736,000 23,099,000
Cash flows from investing activities:    
Acquisitions of property and equipment (1,117,000) (1,909,000)
Proceeds from restricted short-term investment 2,941,000 0
Cash related to sale of business 0 (361,000)
Cash related to asset acquisition (1,994,000) 0
Net cash used in investing activities (170,000) (2,270,000)
Cash flows from financing activities:    
Proceeds from lines of credit 5,043,000 1,132,000
Proceeds from notes payable 273,000 7,015,000
Repayments of lines of credit (3,293,000) (1,119,000)
Repayments of notes payable (8,319,000) (8,332,000)
Repayments of finance leases (4,004,000) (1,924,000)
Proceeds from common stock issuance, net issuance costs 0 9,202,000
Proceeds from exercise of warrants 0 801,000
Members' contributions 316,000 961,000
Members' distributions (42,174,000) (3,659,000)
Net cash provided by (used in) financing activities (52,158,000) 4,077,000
Net increase in cash and cash equivalents 125,408,000 24,906,000
Cash and cash equivalents - beginning of the period 40,640,000 22,002,000
Cash and cash equivalents - end of the period 166,048,000 46,908,000
Nonrelated Party    
Changes in operating assets and liabilities:    
(Increase)/Decrease in Accounts receivable (154,960,000) (4,253,000)
Increase/(Decrease) in Accounts payable 36,637,000 (7,975,000)
Related Party    
Changes in operating assets and liabilities:    
(Increase)/Decrease in Accounts receivable (3,751,000) 550,000
Increase/(Decrease) in Accounts payable $ 3,276,000 $ (39,000)