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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows Used In Operating Activities:    
Net loss $ (5,940) $ (3,819)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of deferred financing cost and debt discount 1,818 186
Amortization of intangible assets 488 488
Reduction in carrying amount of right-of-use assets 46 37
Depreciation and amortization of property, equipment and software 68 71
Stock-based compensation 316 504
Deferred income taxes 0 (200)
Expenses for Equity Reserve Facility 198 0
Provision for credit losses/bad debt expense 0 (11)
Changes in operating assets and liabilities:    
Accounts receivable 582 15,783
Prepaid expenses and other assets 69 (89)
Accounts payable (633) (18,062)
Accrued liabilities and tax receivable agreement payable 254 (748)
Income taxes payable 19 0
Deferred revenues 51 176
Operating lease liability (44) (20)
Net cash used in operating activities (2,708) (5,704)
Cash Flows Used In Investing Activities:    
Cash paid for capitalized software and property and equipment (15) 0
Net cash used in investing activities (15) 0
Cash Flows Provided by Financing Activities:    
Payments on term loan 0 (372)
Proceeds from line of credit 0 4,000
Payment of expenses for Equity Reserve Facility (198) 0
Proceeds from issuance of Class A Common Stock 3,311 0
Payment of deferred financing cost (46) 0
Proceeds from options exercised 0 79
Proceeds from warrants exercised 0 215
Net cash provided by financing activities 3,067 3,922
Net increase (decrease) in cash and cash equivalents 344 (1,782)
Cash and cash equivalents, beginning of the period 1,445 5,116
Cash and cash equivalents, end of the period 1,789 3,334
Supplemental Disclosure of Cash Flow Information:    
Cash paid for taxes 19 28
Cash paid for interest 92 1,078
Non-cash Financing Activities:    
Common stock issued for subscription receivable $ 90 $ 0