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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income (loss) $ 2,942 $ (4,844)
Less: Loss from discontinued operations, net of tax 0 306
Adjustments to reconcile net income (loss) to net cash used in operating activities -    
Depreciation and amortization 3,305 437
Amortization of deferred financing costs, including original issue discount 166 0
Amortization of fair value adjustment of Preferred Series B Shares and 2nd Lien Term Loan 824 0
Noncash change in warrant shares (34,412) 0
Noncash interest expense 2,342 0
Noncash lease expense 1,642 1,679
Allowance for credit losses 114 (23)
Provision for deferred income taxes 579 224
Noncash compensation 627 1,404
Other noncash items 1,743 510
Changes in assets and liabilities    
Accounts receivable (9,363) 1,550
Prepaid expenses and other current assets 2,189 (1,160)
Other assets (927) 88
Accounts payable and accrued liabilities (3,928) (594)
Deferred revenue 1,025 (179)
Operating lease liabilities (158) (533)
Income taxes (37) (2,979)
Other liabilities 596 452
Net cash used in continuing operating activities (30,731) (3,662)
Net cash provided by discontinued operating activities 0 259
Net cash used in operating activities (30,731) (3,403)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (714) (858)
Purchases of internally-created software (146) (223)
Cash paid in acquisitions, net of cash acquired (6,847) 0
Other investing 100 0
Net cash used in continuing investing activities (7,607) (1,081)
Net cash used in discontinued investing activities 0 0
Net cash used in investing activities (7,607) (1,081)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from long-term debt 43,800 0
Payments for debt-related costs (1,868) 0
Repurchases of class A common stock (7) (737)
Finance lease principal payments (159) 0
Settlement of tax withholding obligations (345) (402)
Net cash provided by (used in) continuing financing activities 41,421 (1,139)
Net cash used in discontinued financing activities 0 (38)
Net cash provided by (used in) financing activities 41,421 (1,177)
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 3,083 (5,661)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Beginning of period 7,071 15,301
End of period 10,154 9,640
Less: Cash, cash equivalents and restricted cash of discontinued operations 0 0
Cash, cash equivalents and restricted cash of continuing operations at end of period 10,154 9,640
Cash paid for interest 2,391 0
Cash paid for income taxes $ 0 $ 3,021