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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income (loss) $ 4,020 $ (103,358)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 41 67
Amortization of platform development and intangible assets 2,125 4,870
Amortization of debt discounts 31 536
Noncash and accrued interest 2,839
Loss on impairment of assets 40,589
Change in fair value of contingent consideration 313
Liquidated damages 75 76
Stock-based compensation 182 1,451
Deferred income taxes 31 31
Bad debt expense 670
Change in operating assets and liabilities:    
Accounts receivable, net (446) 12,029
Subscription acquisition costs 6,131
Prepayments and other current assets 75 (424)
Other long-term assets 4 (148)
Accounts payable (1,332) (102)
Accrued expenses and other (188) 44,334
Unearned revenue (1,329) (11,665)
Subscription refund liability 232 18
Operating lease liabilities 141 (60)
Other long-term liabilities (162)
Net cash provided by (used in) operating activities 3,662 (1,965)
Cash flows from investing activities    
Capitalized platform development (1,618) (713)
Net cash used in investing activities (1,618) (713)
Cash flows from financing activities    
Payment of Fexy put option (2,263)
(Repayments) proceeds under line of credit, net borrowing (19,609)
Proceeds from common stock private placement 12,000
Proceeds from Simplify loan 7,748
Repayment of Simplify loan (3,500)
Payment of taxes from common stock withheld (4) (479)
Net cash used in financing activities (3,504) (2,603)
Net decrease in cash and cash equivalents (1,460) (5,281)
Cash and cash equivalents – beginning of year 4,362 9,284
Cash and cash equivalents – end of period 2,902 4,003
Supplemental disclosure of cash flow information    
Cash paid for interest 2,973 964
Cash paid for income taxes 85
Noncash investing and financing activities    
Reclassification of stock-based compensation to platform development 14 208
Repurchase of common stock for Fexy put option $ 379