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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income (loss) $ 112,659 $ (111,545)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 72 130
Amortization of platform development and intangible assets 4,083 7,227
Amortization of debt costs 63 596
Noncash and accrued interest 0 5,959
Loss on impairment of assets 0 40,589
Change in fair value of contingent consideration 0 313
Liquidated damages 151 152
Stock-based compensation 333 1,976
Deferred income taxes 69 62
Bad debt expense 219 672
Other 0 (21)
Change in operating assets and liabilities:    
Accounts receivable (9,181) 20,458
Subscription acquisition costs 0 6,131
Prepayments and other current assets 192 1,043
Other long-term assets 7 230
Accounts payable (3,261) (3,645)
Accrued expenses and other (45,353) 41,155
Unearned revenue (46,276) (14,304)
Subscription refund liability (88) 105
Operating lease liability 281 (524)
Contingent consideration 0 (1,683)
Other long-term liabilities 0 (237)
Net cash provided by (used in) operating activities 13,970 (5,161)
Cash flows from investing activities    
Purchases of property and equipment 0 (27)
Capitalized platform development (3,545) (1,485)
Net cash used in investing activities (3,545) (1,512)
Cash flows from financing activities    
Payment of Fexy put option 0 (561)
Repayments under line of credit 0 (20,027)
Proceeds from common stock private placement 0 12,000
Proceeds from Simplify loan 0 12,748
Repayment of Simplify loan (8,000) 0
Payments of deferred cash payment 0 (200)
Payments of taxes from common stock withheld (16) (486)
Net cash (used in) provided by financing activities (8,016) 3,474
Net change in cash and cash equivalents 2,409 (3,199)
Cash and cash equivalents — beginning of year 4,362 9,284
Cash and cash equivalents — end of period 6,771 6,085
Supplemental disclosures of cash flow information    
Cash paid for interest 5,886 2,033
Cash paid for income taxes 0 85
Noncash investing and financing activities    
Reclassification of stock-based compensation to platform development 24 228
Purchase of intangible asset with accrued expenses and other 1,000 0
Repurchase of common stock for Fexy put option $ 0 $ 379