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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,238) $ (7,221)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,897 2,799
Gain on sale of business 0 (2,958)
Non-cash lease expense 700 920
Deferred financing cost amortization 29 0
Gain on sale of mortgages (3,161) (3,153)
Stock-based compensation 2,450 5,151
Deferred income taxes 3 (37)
Change in operating assets and liabilities:    
Accounts receivable (2,928) (658)
Prepaid and other current assets (1,124) (1,222)
Other assets (5) 10
Accounts payable 4,476 1,642
Accrued and other current liabilities 73 308
Operating lease liabilities (798) (1,005)
Mortgage loans held for sale originations (120,024) (131,460)
Proceeds from sale and principal payments on mortgage loans held for sale 114,979 132,843
Net cash used in operating activities (11,671) (4,041)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (54) (12)
Purchase of intangible assets (1,385) (1,193)
Proceeds from sale of business 4,000 7,435
Amounts paid for business and asset acquisitions, net of cash acquired (120) 0
Other investing activities 0 (130)
Net cash provided by investing activities 2,441 6,100
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on debt (3,993) (295)
Deferred acquisition consideration payments (33) (225)
Borrowings from warehouse lines of credit 120,987 127,913
Repayment on warehouse lines of credit (112,916) (126,184)
Proceeds from the issuance of common stock in connection with a public offering 3,043 0
Payment of offering cost in connection with issuance of common stock in connection with public offering (126) (28)
Net cash provided by financing activities 6,962 1,181
Net increase (decrease) in cash, cash equivalents, and restricted cash (2,268) 3,240
Cash, cash equivalents, and restricted cash at beginning of period 7,389 7,540
Cash, cash equivalents, and restricted cash at end of period 5,121 10,780
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 90 199
Right of use assets obtained in exchange for new lease liabilities 1,213 1,572
Reconciliation of cash and restricted cash:    
Cash and cash equivalents 4,879 10,439
Restricted cash 242 341
Total cash, cash equivalents, and restricted cash shown in statement of cash flows $ 5,121 $ 10,780