XML 19 R7.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities:    
Net loss $ (5,278) $ (6,927)
Net loss from discontinued operations 221
Adjustments to reconcile net loss to net cash used in operating activities    
Gain on sale mortgage loans held for sale, net of direct costs (1,845) (814)
Recovery for credit losses (29)
Depreciation and amortization 815 820
Amortization of debt discount 6 1,462
Stock compensation expense 793
Issuance of restricted stock awards 184
Preferred stock dividends (38) (38)
Loss on equity method investment 117 75
Issuance of common stock for services by third parties 80
Issuance of common stock for services by related parties 50
Noncash lease expense (9) 3
Changes in operating assets and liabilities:    
Proceeds from principal payments and sales of loans held for sale 74,423 23,990
Originations and purchases of mortgage loans held for sale (74,826) (21,480)
Interest rate lock commitment derivative 48 (51)
Prepaid expenses and other current assets (56) (42)
Accounts receivables, net (18)
Other receivable (121)
Due from affiliate 202
Other assets, net 55 114
Accounts payable 169 844
Accrued liabilities 512 320
Loans committed for funding 1,314 3
Accrued interest, net 7 99
Other noncurrent liabilities (57) (6)
Net cash used in operating activities (3,624) (1,324)
Net cash provided by operating activities of discontinued operations 68
Net cash used in operating activities (3,624) (1,256)
Cash Flows From Investing Activities:    
Purchase of internal-use software (76) (65)
Net cash used in investing activities (76) (65)
Cash Flows From Financing Activities:    
Net repayments/borrowings under warehouse lines of credit 859 (1,540)
ELOC shares issued for cash, net of offering costs 945
ATM shares issued for cash, net of offering costs 447
Proceeds from common stock issued, net of issuance costs 5,244
Proceeds from warrant exercise 232
Proceeds from issuance of stock for option exercises 2
Payments of principal on secured credit facilities (1,836)
Proceeds from notes payable, related party 222
Payments of principal on notes payable, related party (224)
Payments of principal on notes payable (25)
Net cash provided by financing activities 2,485 1,841
Net (decrease) increase in cash (1,215) 520
Effect of exchange rate changes on cash 7 17
Cash and restricted cash at the beginning of the period 3,195 872
Cash and restricted cash at the end of the period 1,987 1,409
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 85
Cash paid during the period for income taxes
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Note payable, related party converted to Preferred stock Series G 700
Conversion of preferred shares 1 6
Deemed dividend - Preferred stock Series G and warrant price protection 4,588
Cash and cash equivalents 1,906 1,363
Restricted cash 81 46
Total cash and cash equivalents and restricted cash 1,987 1,409
Related Party [Member]    
Changes in operating assets and liabilities:    
Accounts receivables, net $ (39)