XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.3
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 income (loss) $ (14,156) $ 3,099
Adjustments to reconcile net income / (loss) to net cash (used in) / provided by operating activities:    
Depreciation and amortization 76 232
Amortization of debt discount 1,730 0
Stock-based expenses 2,431 4,430
Change in fair value of stock-based compensation (778) (2,691)
Bad debt expense 5,355 1,200
Loss on debt extinguishment 192 0
Changes in operating assets and liabilities:    
Accounts receivable, net (16,394) 13,507
Inventory 563 1,301
Other current assets 113,996 (58,770)
Other non-current assets (13,413) 46,323
Accounts payable and accrued expenses 7,574 (9,682)
Other current liabilities 0 47,714
Other non-current liabilities (92,154) (46,048)
Operating right to use assets and lease liabilities, net 0 2
Deferred revenue (2,251) 734
Total adjustments 6,927 (1,748)
Net cash provided by / (used in) operating activities (7,229) 1,351
Net cash used in operating activities - discontinued operations (11) (573)
Cash Flows from Investing Activities    
Purchases of property and equipment 0 (13)
Disposal of property and equipment 0 12
Net cash provided by (used in) investing activities 0 (1)
Net cash provided by investing activities - discontinued operations 0 1,017
Cash Flows from Financing Activities    
Proceeds from notes payable 12,062 4,125
Proceeds from issuance of common stock 2,425 0
Repayments of notes payable (8,394) (6,197)
Net cash provided by / (used in) financing activities 6,093 (2,072)
Net cash used in financing activities - discontinued operations 0 (113)
Foreign exchange translation adjustment (58) (1)
Net Decrease in Cash (1,205) (392)
Cash – beginning of period 1,786 1,354
Cash – end of period 581 962
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 4,432 3,111
Cash paid for taxes 0 19
Supplemental Disclosures of Non-Cash Investing and Financing Activities    
Conversion of notes payable into common stock (1,241) 1,784
Conversion of stock 1,241 0
Exchange of accounts receivable for equity securities (13,404) 0
Exchange of accounts payable for equity securities 8 0
Issuance of common stock as equity issuance costs $ 100 $ 0