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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (35,564) $ (8,125)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation 125 38
Interest paid-in kind on Centre Lane Credit Facility 6,656 3,104
Amortization of operating lease right-of-use asset 61 15
Amortization of debt discount 2,074 1,199
Amortization of intangibles 2,490 1,558
Impairment of goodwill and intangibles 17,070 0
Stock based compensation 196 144
Common stock issued for services rendered 31 38
Stock compensation for Oceanside shares 0 89
Gain on forgiveness of PPP loan 0 (1,137)
Expected credit losses 58 84
Changes in operating assets and liabilities:    
Accounts receivable 1,325 (119)
Prepaid expenses and other current assets 360 695
Operating lease liability (54) (25)
Accounts payable and accrued expenses 735 (487)
Other liabilities 472 698
Deferred revenue (701) (426)
Net cash used in operating activities (4,658) (3,115)
Cash flows from investing activities:    
Purchase of property and equipment (14) (14)
Net cash used in investing activities (14) (14)
Cash flows from financing activities:    
Preference dividend payments 0 (5)
Proceeds from Centre Lane Senior Secured Credit Facility - related party 8,626 3,050
Repayment of principal on Centre Lane Senior Secured Credit Facility - related party (270) 0
Repayments of debt 0 (250)
Principal payments received for notes receivable 0 21
Principal payments on finance lease obligations (4) 0
Proceeds from stock option exercises 1 1
Net cash provided by financing activities 8,353 2,664
Effect of foreign exchange rates on cash and cash equivalents 4 (1)
Net increase (decrease) in cash and cash equivalents 3,685 (466)
Cash and cash equivalents at beginning of year 315 781
Cash and cash equivalents at end of year 4,000 315
Supplemental disclosure of cash flow information:    
Cash paid for interest 425 153
Supplemental disclosure of non-cash investing and financing activities    
Recognition of right-of-use asset and lease liability 64 382
Conversion of Preferred shares to Common shares 0 1
Common stock issued to Oceanside to settle share liability 0 279
Common stock issued to Centre Lane for debt issuance 1,926 0
Issuance of debt to finance acquisition of Big Village Entities 19,874 0
Extinguishment of Centre Lane Credit Facility 671 0
Warrants issued to settle liability 0 216
Centre Lane Senior Secured Credit Facility    
Changes in operating assets and liabilities:    
Interest payable - related party 0 (465)
10% Convertible Promissory Notes    
Changes in operating assets and liabilities:    
Interest payable - related party $ 8 $ 8