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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net loss $ (19,651) $ (17,387)
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 2,530 1,114
Amortization of debt discount (47)
Non-cash interest expense 1,904
Lease expense 120 442
Impairment of right-of-use assets 24
Stock-based compensation expense 1,612 854
Change in fair value of warrant liabilities 372 15,502
Change in provision for credit losses, net 146 409
Change in inventory reserves 507 (1,833)
Loss on abandonment of CIP projects 16
(Gain) loss on disposal of property and equipment (2) 1
Gain on early termination of lease (39)
Gain on settlement of contingent liability (5,935)
Change in contingent consideration (2,180)
Gain on disposal of Extraction business (3,534)
Changes in operating assets and liabilities:    
Accounts receivable (1,460) 82
Accounts receivable - related party (454)
Inventory (3,414) 2,842
Prepaid expenses and other current assets (391) 2,939
Other non-current assets 12 31
Accounts payable (320) (2,796)
Accounts payable - related party 60
Accrued expenses and other current liabilities (1,638) (559)
Accrued expenses and other current liabilities - related party 4,348
Operating lease liabilities (123) (411)
Contract liabilities (1,167) 705
Net cash and cash equivalents used in operating activities (20,519) (6,250)
Cash flows from investing activities:    
Related party acquisition of MC Brands (5,075)
Related party acquisition of VCP (50,000)
Proceeds from disposal of property and equipment 10
Proceeds from repayment of loan receivable 330
Net cash and cash equivalents (used in) provided by investing activities (55,075) 340
Cash flows from financing activities:    
Proceeds from related party notes 72,000
Proceeds from notes payable 8,000
Proceeds from issuance of Common Stock through an S-1 and prefunded warrants offering 2,123
Proceeds from exercise of S-1 Prefunded Warrants 4
Proceeds from issuance of related party notes 3,988
Proceeds from exercise of CP Warrants 6
Repayments of notes payable (3)
Payments on other financing loans (1)
Payments on insurance financing loans (377)
Net cash and cash equivalents provided by financing activities 79,997 5,743
Net increase (decrease )in cash and cash equivalents 4,403 (167)
Cash and cash equivalents at the beginning of period 31,170 430
Cash and cash equivalents of discontinued operations, beginning of period
Cash and cash equivalents of discontinued operations, end of period
Cash and cash equivalents at the end of period 35,573 263
Supplemental disclosures    
Cash paid for interest 8 95
Supplemental disclosure of non-cash investing and financing activities    
Issuance or accrual of pre-funded warrants in lieu of cash interest payments on related party debt 1,794
Issuance or accrual of pre-funded warrants in lieu of cash interest 108
Reclassification of accounts payable and accrued interests to notes payable 99
Cashless exercise of liability classified warrants 3
Financing of prepaid insurance 17
Reclassification of liability classified prefunded warrants to equity 20,771
Accrued interest consolidated into related party debt 364
Deemed contribution from troubled debt restructuring with related party 676
Transfer of loans receivable from noncurrent to current 1,680
Conversion of convertible notes into equity 1,731
Conversion of related party debts into warrants 10,044
Consolidation of related party debt principal 3,799
Non-cash amounts of lease liabilities arising from obtaining right-of-use assets $ 392