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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities      
Net (loss) $ (1,491) $ (14,584)  
Adjustments to reconcile net (loss) to net cash provided by operating activities:      
Equity-based compensation expense 8,634 14,341  
Non-cash lease expense 196 167  
Depreciation expense on property and equipment 61 96  
Amortization of intangible assets 1,609 1,729 $ 6,917
Amortization of deferred debt issuance costs 191 199  
Impairment of cost method investment 0 1,406  
Credit losses (82) (250)  
Tax receivable agreement liability adjustments 0 6  
Changes in operating assets and liabilities:      
Accounts receivable (3,640) 17,122  
Prepaid expenses and other current assets (147) 1,260  
Other assets 125 125  
Accounts payable (2,693) (7,679)  
Accrued expenses (1,085) (1,382)  
Net cash provided by operating activities 1,678 12,556  
Cash flows from investing activities      
Purchases of property and equipment (34) (30)  
Net cash (used in) investing activities (34) (30)  
Cash flows from financing activities      
Repayments on long-term debt (2,375) (2,375)  
Distributions (113) (1,104)  
Payments pursuant to tax receivable agreement 0 (2,822)  
Shares withheld for taxes on vesting of restricted stock units (1,956) (1,238)  
Net cash (used in) financing activities (4,444) (7,539)  
Net (decrease) increase in cash and cash equivalents (2,800) 4,987  
Cash and cash equivalents, beginning of period 17,271 14,542 14,542
Cash and cash equivalents, end of period 14,471 19,529 $ 17,271
Supplemental disclosures of cash flow information      
Interest 3,783 3,057  
Income taxes paid, net of refunds $ 0 $ (233)