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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income (loss) including noncontrolling interest $ 627,000 $ (1,414,000)
Income from discontinued operations, net of tax (10,000) (72,000)
Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by operating activities:    
Depreciation and amortization 835,000 300,000
Amortization of deferred financing costs 26,000 12,000
Provision for credit loss 16,000  
Stock-based compensation expense 25,000 1,000
Noncash paid in kind interest expense 477,000  
Noncash operating lease expense 116,000 143,000
Deferred income taxes (70,000) (505,000)
Other non-cash items (145,000)  
Increase (decrease) in cash resulting from changes in, net of acquisition:    
Accounts receivable, net (2,248,000) (1,635,000)
Inventories 1,081,000 3,322,000
Prepaid expenses and other current assets (641,000) (887,000)
Accounts payable 1,064,000 263,000
Accrued compensation 108,000 (645,000)
Accrued expenses and other current liabilities 466,000 2,429,000
Net cash provided by operating activities of continuing operations 1,737,000 1,384,000
Net cash provided by operating activities of discontinued operations   86,000
Net cash provided by operating activities 1,737,000 1,470,000
Investing Activities    
Purchases of property and equipment (68,000) (230,000)
Acquisition of Bloomia, net of cash acquired   (34,178,000)
Receipts of note receivable   36,000
Net cash used in investing activities (68,000) (34,372,000)
Financing Activities    
Proceeds from term loan   18,000,000
Proceeds from revolving debt   6,000,000
Proceeds from related party note 250,000  
Repayments of seller note   (1,650,000)
Repayments of related party note (400,000)  
Repayments of revolving debt (1,961,000)  
Repayments of long-term debt (15,000)  
Principal payments on finance lease liabilities (6,000) (2,000)
Payment of financing costs   (513,000)
Net cash (used in) provided by financing activities (2,132,000) 21,835,000
Effect of exchange rate changes 12,000 3,000
Net decrease in cash and cash equivalents (451,000) (11,064,000)
Cash and cash equivalents, beginning of period 1,759,000 16,077,000
Cash and cash equivalents, end of period 1,308,000 5,013,000
Supplemental cash flow information    
Cash paid for interest 341,000 46,000
Cash paid for income taxes 104,000  
Noncash purchase consideration - Equity issuance of noncontrolling interest   2,990,000
Noncash purchase consideration - Seller notes   $ 15,451,000
Non-cash financing activities    
Purchase of property and equipment included in accounts payable $ 50,000