XML 22 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (35,448) $ (56,062)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 997 2,392
Amortization of right-of-use assets under operating leases 1,537 1,771
Amortization of intangible assets 5,080 5,182
PIK accrual 8,715 6,881
Share-based compensation expense 4,737 5,068
Bad debt expense 840 858
Amortization of debt discount 3,780 3,777
Amortization of debt issuance costs 2,434 2,446
Deferred income taxes (684) 45
Loss on disposal of fixed assets 14 121
Loss on sale of business 685 0
Change in fair value of warrant liability 0 (1,145)
Changes in operating assets and liabilities:    
Accounts receivable (4,208) 449
Prepaid expenses and other current assets 1,658 12,231
Other assets 268 (1,667)
Accounts payable and accrued expenses 3,704 (3,419)
Current and non-current operating lease liabilities (1,595) (1,777)
Other current and non-current liabilities 2,461 1,016
Net cash used in operating activities (5,025) (21,833)
Cash flows from financing activities:    
Additions to premises and equipment (3) 0
Proceeds from the sale of business 2,257 0
Net cash provided by investing activities 2,254 0
Cash flows from financing activities:    
Proceeds from revolving loan agreement 1,000 0
Proceeds from issuance of common stock, net of issuance costs 0 20,461
Proceeds from issuance of treasury stock, net of issuance costs 0 18,321
Exercise of Warrants, net of costs (90) 0
Debt issuance and amendment costs 0 (4,886)
Repayments of long-term debt 0 (30,000)
Distributions to non-controlling interests (138) (388)
Payments of tax withholding on issuance of restricted share units and restricted shares (717) (532)
Net cash provided by financing activities 55 2,976
Net decrease in cash, cash equivalents and restricted cash (2,716) (18,857)
Cash, cash equivalents and restricted cash at the beginning of the period 35,416 54,273
Cash, cash equivalents and restricted cash at the end of the period 32,700 35,416
Supplemental cash flow information:    
Interest paid 23,810 22,876
Income taxes paid (refunded), net 2,053 (3,775)
Acquisition of right-of-use assets with operating lease liabilities 488 500
Reduction of right-of-use assets from operating lease modifications or reassessments (87) (671)
Non-cash investing and financing activities:    
Warrants issued in connection with Amended Credit Agreement 0 8,096
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 29,811 32,522
Restricted cash 2,889  
Total cash, cash equivalents and restricted cash reported in the statements of cash flows $ 32,700 $ 35,416