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CONSOLIDATED STATEMENTS OF CASH FLOWS (Q1) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Operating activities:        
Net Loss $ (17,390) $ (7,515) $ (52,822) $ (9,367)
Adjustments to reconcile net loss to cash used in operating activities:        
Depreciation and amortization expense 80 45 200 162
Stock compensation expense 83 8 82 17
Issuance of common stock to employees     94 0
Gain from sale of equity-method investment 0 (863) (883) (581)
Gain from sale of consolidated entity 0 (387) (387) 0
Gain from equity-method investments (4) (22) (22) 45
Deferred income tax benefit     0 (80)
Amortization right-of-use asset 79 68 296 0
Amortization of debt discount 46 48 183 42
Change in fair value forward purchase agreement 227 0 13,403 0
Changes in assets and liabilities:        
Accounts receivable 544 466 (1,111) (2,223)
Prepaid and other current assets 274 909 (1,642) (1,586)
Deposits (40) (1,250) (3,858) (11,399)
Account payable and accrued liabilities 2,311 958 5,662 2,217
Operating lease liability (78) (68) (283) 0
Customer deposits and deferred revenue 6,172 (5) 10,694 1,321
Net cash used in operating activities (7,696) (7,608) (30,394) (21,432)
Investing activities:        
Cash payment for property and equipment (56) (270) (637) (259)
Proceeds from sale of interest in equity-method investment 0 3,840 4,235 6,575
Payment for acquisition of GCA     0 (1,850)
Payment for the purchase of equity-method investments 0 (1,950) (2,328) 0
Proceeds from the sale of consolidated entity 0 350 506 0
Cash obtained from acquisition of GCA     0 679
Net cash provided by (used in) investing activities (56) 1,970 1,776 5,145
Financing activities:        
Proceeds from lines of credit 0 1,000 1,000 4,950
Repayments of lines of credit     0 (5,800)
Collection on subscription receivable     15 35
Proceeds from issuance of convertible notes 0 4,750 12,670 18,879
Purchase of forward purchase agreement     (18,911) 0
Proceeds from forward purchase agreement     2,525 0
Proceeds from other loans     0 4,500
Repayment on loans (684) (282) (787) (6)
Proceeds from business combination     19,081 0
Business combination closing costs     (2,359) 0
Proceeds from the sale of preferred stock     24,204 0
Proceeds from exercise of stock options     23 0
Net cash provided by (used in) financing activities (684) 5,468 37,461 22,558
Net increase (decrease) in cash (8,436) (170) 8,843 6,271
Cash and restricted cash, beginning of year 16,723 7,879 7,879 1,608
Cash and restricted cash, end of period 8,287 7,709 16,723 7,879
Supplemental disclosure of cash flow information:        
Cash paid for interest 1,119 257 2,268 61
Non-Cash Investing and Financing Activities:        
Credit facility for the aircraft deposits 6,000 0 24,000 0
Original debt discount $ (45) $ 0 $ 230 $ 0