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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities:    
Net loss $ (13,076) $ (7,535)
Net loss from discontinued operations 6,838 2,749
Adjustments to reconcile net loss to net cash used in operating activities    
Gain on sale mortgage loans held for sale, net of direct costs (757)
Provision for credit losses 22
Depreciation and amortization 878 149
Impairment loss 3,356 339
Gain on extinguishment of debt (591)
Gain on troubled debt restructuring (4,483)
Gain on disposal of assets (376)
Other income (4)
Inventory provision 57 (24)
Loss on debt to equity conversion 1,321
Amortization of debt discount 728 13
Payment of accrued interest on secured credit facilities (142)
Payment of accrued interest on secured credit facilities, related party (348)
Equity method loss 58
Issuance of common stock for services by third parties 207 568
Issuance of common stock for services by related parties 273 109
Noncash lease expense (28) (3)
Changes in operating assets and liabilities:    
Proceeds from principal payments and sales of loans held for sale 47,219
Originations and purchases of mortgage loans held for sale (46,144)
Inventories 499 789
Interest rate lock commitment derivative 106
Prepaid expenses and other current assets (62) 20
Accounts receivables, net 29 228
Other assets 71
Accounts payable 172 227
Accrued liabilities 420 (732)
Accrued interest 999 542
Other liabilities, related party 556
Other noncurrent liabilities 6
Net cash used in operating activities of continuing operations (3,229) (1,528)
Net cash used in operating activities of discontinued operations (294)
Net cash used in operating activities (3,229) (1,822)
Cash Flows From Investing Activities:    
Cash acquired in acquisition 258
Proceeds from sale of fixed assets 51
Purchases of property and equipment (60)
Purchase of internal-use software (71)
Capital contributions in equity method investee (130)
Net cash used in investing activities of continuing operations 57 (9)
Net cash (used in) provided by investing activities of discontinued operations (508) 113
Net cash (used in) provided by investing activities (451) 104
Cash Flows From Financing Activities:    
Net repayments/borrowings under warehouse line of credit (982)
Proceeds from common stock issued, net of issuance costs 664 1,396
Proceeds from preferred stock issued, net of issuance costs 2,216
Proceeds from secured credit facilities, net of debt discount 1,382 56
Proceeds from secured credit facilities, related party 875
Payments of principal on secured credit facilities (40)
Payments of principal on secured credit facilities, related party (325)
Proceeds from notes payable, related party 1,056
Payments of principal on notes payable, related party (271)
Payments of principal on notes payable (25)
Net cash provided by financing activities of continuing operations 4,590 1,412
Net increase (decrease) in cash 910 (306)
Effect of rate changes on cash and cash equivalents (34)
Cash at the beginning of the year 306 612
Cash at the end of the year 1,182 306
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 27 746
Cash paid during the period for income taxes
Operating cash flows from operating leases 581 41
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Equity exchanged for secured debt 448 6,322
Shares issued for Merger, net of cash received 47,963
Shares issued to incentivize debt 614
Warrants issued in relation to debt issuance 368
Consulting services for future services 553
Dividends issued 150 150
Right-of-use assets obtained in exchange for lease obligations 700
Accrued interest rolled into notes payable 241
Cash and cash equivalents 391 306
Restricted cash 791
Total cash and cash equivalents and restricted cash $ 1,182 $ 306