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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Operating activities:          
Net loss from continuing operations $ (1,337)   $ (14,827) $ (6,279)  
Net loss from discontinued operations (3,098) $ (9,263) (23,917) (22,924)  
Adjustments to reconcile net loss to cash used in operating activities:          
Depreciation and amortization expense     241 207  
Stock compensation expense     69 63  
(Loss) Gain from sale of consolidated entity 0 0 0 (387)  
Amortization right-of-use asset     25 0  
Amortization of debt discount     67 138  
Change in fair value forward purchase agreement 0 0 2,982 0 $ 13,400
Changes in assets and liabilities:          
Accounts receivable     324 177  
Prepaid and other current assets     1,054 (2,363)  
Deposits     4,697 (3,898)  
Account payable and accrued liabilities     2,978 2,560  
Operating lease liability     176 0  
Customer deposits and deferred revenue     8,943 4,662  
Change in assets and liabilities of discontinued operations     6,073 3,925  
Net cash used in operating activities     (11,115) (24,119)  
Investing activities:          
Cash payment for property and equipment     (145) (821)  
Proceeds from the sale of consolidated entity     0 350  
Net cash provided by discontinued operations     0 1,907  
Net cash provided by (used in) investing activities     (145) 1,436  
Financing activities:          
Proceeds from lines of credit     0 1,000  
Proceeds from short-term debt     4,000 0  
Repayments of lines of credit     (1,000) 0  
Proceeds from issuance of convertible notes     0 12,670  
Proceeds from the sale of preferred stock     0 12,050  
Repayment on loans     (2,903) (785)  
Proceeds from exercise of stock options     39 23  
Net cash provided by financing activities     136 24,958  
Net increase (decrease) in cash     (11,124) 2,275  
Cash and restricted cash, beginning of year     16,723 7,879 7,879
Cash and restricted cash, end of period $ 5,599 $ 10,154 5,599 10,154 $ 16,723
Supplemental disclosure of cash flow information:          
Cash paid for interest     4,268 1,305  
Cash paid for income taxes     0 0  
Non-Cash Investing and Financing Activities:          
Credit facility for the aircraft deposits     0 15,000  
Conversion of line of credit to convertible note with related party     0 6,001  
Original debt discount     0 163  
Initial recognition of right-of-use asset     $ (201) $ 0