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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash Flows (Used In) Provided By Operating Activities:          
Net income (loss) $ (3,141) $ 1,195 $ (6,961) $ (139) $ (6,800)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:          
Amortization of deferred financing costs     372 272  
Amortization of intangible assets 500 500 977 977  
Reduction in carrying amount of right-of-use assets     76 85  
Depreciation and amortization of property, equipment and software     137 121  
Stock-based compensation     662 304  
Deferred income taxes     (475) (6)  
Loss on early termination of line of credit 0 0 0 300  
Provision for credit losses/bad debt expense, net of recoveries     (13) 52  
Changes in operating assets and liabilities:          
Accounts receivable     17,704 (3,326)  
Prepaid expenses and other assets     (130) (257)  
Accounts payable     (21,554) 5,662  
Accrued liabilities and tax receivable agreement payable     (1,226) (944)  
Income taxes payable     10 (152)  
Deferred revenues     350 404  
Operating lease liability     (40) (48)  
Related party payable     0 (251)  
Net cash (used in) provided by operating activities     (10,111) 3,054  
Cash Flows Used In Investing Activities:          
Cash paid for capitalized software and property and equipment     (10) (137)  
Net cash used in investing activities     (10) (137)  
Cash Flows Provided by (Used In) Financing Activities:          
Payments on term loan     (372) (328)  
Proceeds from lines of credit     6,700 0  
Payments on shares withheld for taxes     (551) 0  
Payment of deferred financing costs     0 (228)  
Proceeds from options exercised     82 0  
Proceeds from warrants exercised     215 12  
Distributions to holders of LLC Units     0 (752)  
Net cash provided by (used in) financing activities     6,074 (1,296)  
Net (decrease) increase in cash and cash equivalents     (4,047) 1,621  
Cash and cash equivalents, beginning of the period     5,116 4,047 4,047
Cash and cash equivalents, end of the period $ 1,069 $ 5,668 1,069 5,668 $ 5,116
Supplemental Disclosure of Cash Flow Information:          
Cash paid for taxes     257 349  
Cash paid for interest     $ 2,235 $ 1,769