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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 5,761,000 $ 8,996,000
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation and amortization 3,300,000 2,281,000
Equity in income of equity method investee, net of distributions 17,000 34,000
Gain on remeasurement of previously held interest (3,402,000)  
Acquisition related costs (370,000)  
Stock-based compensation 1,518,000  
Amortization of operating lease assets 3,708,000 2,284,000
Interest income earned on Notes receivable from related party (33,000) (116,000)
Deferred tax benefit (96,000)  
Changes in operating assets and liabilities:    
Inventories 45,000 1,594,000
Prepaid expenses and other current assets 363,000 (390,000)
Other assets (167,000) (5,000)
Accounts payable 165,000 (2,845,000)
Accrued salaries and benefits (41,000) 121,000
Accrued interest 34,000 25,000
Other current liabilities 731,000 392,000
Operating lease liabilities (2,463,000) (1,919,000)
Income tax payable   96,000
Net cash provided by operating activities 9,070,000 10,548,000
Cash flows from investing activities    
Proceeds from recovery of Notes receivable from related party   12,950,000
Advances made to related party   (2,100,000)
Purchase of property and equipment (8,407,000) (4,845,000)
Acquisition of GKBH, net of cash acquired (2,976,000)  
Net cash (used in) provided by investing activities (11,383,000) 6,005,000
Cash flows from financing activities    
Proceeds from issuance of Class A common stock sold in IPO, net of underwriting discount   46,167,000
Payments to members for advances (881,000) (2,000,000)
Advances from members   485,000
Payments for deferred offering costs (59,000) (398,000)
Payments on PPP and EIDL loans (46,000) (43,000)
Payments on finance leases (70,000) (102,000)
Payments on third party loans (33,000) (324,000)
Payments on related party loans   (1,000,000)
Payments on line of credit   (153,000)
Proceeds from line of credit 0 1,100,000
Proceeds from third party loans   1,300,000
Proceeds from related party loans   500,000
Member distributions   (18,293,000)
Net cash (used in) provided by financing activities (1,089,000) 27,239,000
Net increase in cash and cash equivalents (3,402,000) 43,792,000
Cash and cash equivalents at beginning of period 32,631,000 11,195,000
Cash and cash equivalents at end of period 29,229,000 54,987,000
Supplemental disclosures of other cash flow information:    
Cash paid for interest 71,000 558,000
Non-cash investing and financing activities:    
Unpaid purchases of property and equipment 755,000 996,000
Unpaid deferred offering costs 66,000 2,867,000
Leased assets obtained in exchange for new operating lease liabilities 27,172,000 2,284,000
Distributions payable   8,176,000
Conversion of related party loans to equity 1,436,000 $ 871,000
Issuance of promissory note for business acquisition 3,000,000  
Contribution by shareholder in final IPO settlement $ 1,275,000