XML 48 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,621) $ (22,592)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 796 1,251
Loss from PIK Note Amendment and 2022 Debenture Release 3,521
Stock-based compensation 94 361
Amortization of consulting fees paid in common stock 502 2,221
Impairment of intangible assets and cloud computing arrangements 2,633
Loss on investment 100
Change in fair value of warrants (1) (244)
PIK Interest 768 419
Amortization of debt discounts and issue costs 696 448
Other 100
Changes in operating assets and liabilities:    
Accounts receivable 687
Supplies (8) 182
Prepaid expenses and consulting/advisory fees (87) 1,835
Change in right-of-use lease assets (1,417)
Other current assets 4 3
Reinsurance recoverables 18,573
Accounts payable, including related party payables 1,507 1,806
Accrued and other liabilities (432) 1,891
Policy reserves (18,573)
Change in right-of-use lease liabilities 1,417
Net cash used in operating activities (995) (6,165)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash acquired from purchases of Myrtle and RCHI 14
Net cash provided by investing activities 14
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on note payable to RHI (904)
Proceeds from private placements of common stock 744
Cash received from promissory notes 1,981 247
Payments under accounts receivable sales agreements (100)
Deferred offering costs (299)
Net cash provided by financing activities 977 692
Net change in cash and cash equivalents (4) (5,473)
Cash and cash equivalents at beginning of period 38 5,515
Cash and cash equivalents at end of period $ 34 $ 42