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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income (loss) $ 25,421 $ (7,635)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Net income from discontinued operations, net of tax (37,300) (6,098)
Depreciation and amortization 170 578
Amortization of debt issuance costs and discount on convertible debt 2,635 2,659
Stock-based compensation 920 981
Goodwill, intangible asset, and other long-lived asset impairments 0 495
Amortization of operating lease right-of-use assets 26 402
Other 0 (18)
Changes in operating assets and liabilities:    
Accounts receivable 10 (2,313)
Inventories 0 26
Prepaid expenses and other current assets 516 (601)
Accounts payable and accrued expenses 1,333 3,058
Operating lease liabilities (45) (412)
Income taxes payable 0 (19)
Deferred revenue 0 (1,260)
Due to related parties 585 3,973
Other liabilities 4,519 (39)
Net cash used in operating activities - continuing operations (1,210) (6,223)
Net cash provided by (used) in operating activities - discontinued operations (5,364) 2,184
Net cash used in operating activities (6,574) (4,039)
Investing activities:    
Net cash received from sale of business 175,404 0
Purchases of property and equipment 0 (794)
Net cash provided by (used in) investing activities - continuing operations 175,404 (794)
Net cash used in investing activities - discontinued operations (400) (547)
Net cash provided by (used in) investing activities 175,004 (1,341)
Financing activities:    
Proceeds from private placement, net of issuance costs of $348 0 4,152
Payments for taxes related to net settlement of equity awards 0 (3)
Distributions to noncontrolling interests 0 (44)
Payment of amount due to member 0 (50)
Net cash provided by financing activities - continuing operations 0 4,055
Net cash used in financing activities - discontinued operations (635) (899)
Net cash provided by (used in) financing activities (635) 3,156
Net increase (decrease) in cash, cash equivalents, and restricted cash 167,795 (2,224)
Cash, cash equivalents, and restricted cash, beginning of period 2,548 15,557
Cash, cash equivalents, and restricted cash, end of period 170,343 13,333
Supplemental cash flow information:    
Cash paid for interest 2,370 2,283
Cash paid for income taxes 22 19
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 955 13,333
Restricted cash 169,388 0
Total cash, cash equivalents, and restricted cash $ 170,343 $ 13,333