XML 24 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (17,903) $ (27,692)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 5,138 5,454
Non-cash loan amortization expense 837 133
Non-cash gain on contingent consideration 250 0
Non-cash loss on early extinguishment of debt 1,009 0
Share-based compensation expense 1,030 1,997
Goodwill impairment 1,261 25,700
Impairment of intangible assets 980 0
Allowance for credit losses 71 (92)
Changes in assets and liabilities, net of business acquisitions:    
Accounts receivable 1,280 5,136
Prepaid expenses and other current assets (1,579) (6,435)
Other non-current assets 191 244
Operating lease assets and liabilities, net (168) (165)
Accounts payable (3,140) 7,113
Accrued expenses and other current liabilities (1,443) (9,147)
Deferred revenue 474 (119)
Other (987) (76)
Net cash (used in) provided by operating activities (13,199) 2,051
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capitalized costs included in intangible assets (3,542) (2,370)
Business acquisitions, net of cash acquired 0 (1,250)
Acquisition of property and equipment 0 (22)
Net cash used in investing activities (3,542) (3,642)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt, net of debt financing costs 42,917 0
Repayments of long-term debt (44,475) (2,500)
Debt financing costs (968) (237)
Proceeds from issuance of warrants 9,900 0
Taxes paid related to net share settlement of vesting of restricted stock units 0 (236)
Net cash (used in) provided by financing activities 7,374 (2,973)
Net decrease in cash, cash equivalents, and restricted cash (9,367) (4,564)
Cash, cash equivalents, and restricted cash at beginning of period 15,804 25,547
Cash, cash equivalents, and restricted cash at end of period 6,437 20,983
SUPPLEMENTAL DISCLOSURE INFORMATION    
Cash paid for interest 1,690 1,434
Cash paid for income taxes 44 78
Share-based compensation capitalized in intangible assets 29 51
Long-term debt issuance 2,000 0
Consideration for True North 500 0
TAPP LLC [Member]    
SUPPLEMENTAL DISCLOSURE INFORMATION    
Contingent payments in connection with TAPP consolidation $ 0 $ 2,915