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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income (loss) $ 2,275 $ (6,011)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation of property and equipment 1,237 451
Amortization of intangible assets 1,509 1,032
Non-cash lease expense 123 203
Provision for bad debt, net (24) (48)
Stock-based compensation 114 128
Non-cash interest income (397) 0
Realized gain on sale of investments (5,072) 0
Impairment of Cost Method Investment 432 1,290
Deferred income taxes (1,918) (37)
Unrealized (gain) loss on equity securities and lumber derivatives 160 94
Gross profit from sale of lost-in-hole equipment (385) 0
Changes in operating assets and liabilities:    
Accounts receivable (971) 604
Inventories (2,107) 467
Other assets 374 (1,416)
Accounts payable 1,081 295
Accrued compensation 544 (707)
Deferred revenue and billings in excess of costs and estimated profit 450 (518)
Operating lease liabilities (119) (215)
Other liabilities 1,550 123
Net cash provided (used) by operating activities (1,144) (4,265)
Investing activities    
Purchases of property and equipment (1,098) (263)
Proceeds from sale of lost-in-hole equipment 199 0
Proceeds from sale of property and equipment 100 0
Purchases of equity securities (258) (257)
Proceeds from sales of equity securities 543 527
Net cash received from (paid for) acquisition (4,185) (19,100)
Note receivable repayments 149 149
Net cash provided (used) by investing activities (4,550) (18,944)
Financing activities    
Proceeds from borrowings 15,744 21,259
Repayment of debt (11,050) (11,951)
Repayment of obligations under finance leases (10) (28)
Preferred stock dividends paid (1,152) (958)
Net cash provided (used) by financing activities 3,532 8,322
Net change in cash, cash equivalents, and restricted cash (2,162) (14,887)
Cash, cash equivalents, and restricted cash at beginning of period 5,631 18,946
Cash, cash equivalents, and restricted cash at end of period 3,469 4,059
Reconciliation of cash, cash equivalents, and restricted cash at end of period    
Cash and cash equivalents 1,861 2,457
Restricted cash 1,608 1,602
Cash, cash equivalents, and restricted cash at end of period 3,469 4,059
Supplemental Information    
Cash paid during the period for interest 394 146
Cash paid during the period for income taxes 0 92
Non-Cash Investing and Financing Activities    
Noncash property, plant, and equipment obtained in exchange for term loan 0 3,000
Receivable from broker related to sale of equity securities 6,684 0
Issuance of Preferred Stock $ 7,045 $ 0