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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income (loss) $ (2,834) $ 112,659
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 15 72
Amortization of platform development and intangible assets 3,914 4,083
Amortization of debt costs 28 63
Liquidated damages 151 151
Stock-based compensation 109 333
Deferred income taxes (213) 69
Provision for credit losses 42 219
Non-cash lease expense 150 0
Other, net (25) 0
Change in operating assets and liabilities:    
Accounts receivable 3,739 (9,181)
Prepayments and other current assets 246 192
Other long-term assets 7 7
Accounts payable 639 (3,261)
Accrued expenses and other (2,185) (45,353)
Unearned revenue (1,615) (46,276)
Subscription and returns reserve liability 79 (88)
Operating lease liability (196) 281
Net cash provided by operating activities 2,051 13,970
Cash flows from investing activities    
Purchases of intangible assets (450) 0
Capitalized platform development (769) (3,545)
Net cash used in investing activities (1,219) (3,545)
Cash flows from financing activities    
Repayment of Simplify loan 0 (8,000)
Payments of taxes from common stock withheld 0 (16)
Net cash used in financing activities 0 (8,016)
Net change in cash and cash equivalents 832 2,409
Cash and cash equivalents — beginning of year 10,338 4,362
Cash and cash equivalents — end of period 11,170 6,771
Supplemental disclosures of cash flow information    
Cash paid for interest 4,912 5,886
Cash paid for income taxes 237 0
Noncash investing and financing activities    
Reclassification of stock-based compensation to platform development 0 24
Purchase of intangible asset with accrued expenses and other $ 0 $ 1,000