XML 43 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income (loss) $ (6,011) $ 26,026
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation of property and equipment 451 623
Amortization of intangible assets 1,032 860
Non-cash lease expense 203 195
Provision for bad debt, net (48) 77
Stock-based compensation 128 206
Amortization of loan issuance costs 0 45
Gain on sale of assets 0 (549)
Gain on disposal of discontinued operations 0 (26,680)
Impairment of Cost Method Investment 1,290 0
Deferred income taxes (37) (238)
Unrealized (gain) loss on equity securities and lumber derivatives 94 (1,094)
Changes in operating assets and liabilities:    
Accounts receivable 604 5,057
Inventories 467 (440)
Other assets (1,416) 46
Accounts payable 295 806
Accrued compensation (707) (1,099)
Deferred revenue and billings in excess of costs and estimated profit (518) 88
Operating lease liabilities (215) (268)
Other liabilities 123 (1,796)
Net cash provided (used) by operating activities (4,265) 1,865
Investing activities    
Purchases of property and equipment (263) (209)
Proceeds from sale of discontinued operations 0 19,681
Proceeds from sale of property and equipment 0 1,272
Purchases of equity securities (257) (356)
Proceeds from sales of equity securities 527 9
Net cash received from (paid for) acquisition (19,100) 0
Note receivable repayments 149 0
Net cash provided (used) by investing activities (18,944) 20,397
Financing activities    
Proceeds from borrowings 21,259 33,957
Repayment of debt (11,951) (36,928)
Proceeds from the sale of common stock, warrants, and exercise of over allotment options 0 1
Repayment of obligations under finance leases (28) (51)
Preferred stock dividends paid (958) (958)
Net cash provided (used) by financing activities 8,322 (3,979)
Net change in cash, cash equivalents, and restricted cash including cash within discontinued operations (14,887) 18,283
Less: net change in cash classified within discontinued operations 0 1,381
Net change in cash, cash equivalents, and restricted cash (14,887) 16,902
Cash, cash equivalents, and restricted cash at beginning of period 18,946 4,519
Cash, cash equivalents, and restricted cash at end of period 4,059 21,421
Reconciliation of cash, cash equivalents, and restricted cash at end of period    
Cash and cash equivalents 2,457 21,368
Restricted cash 1,602 53
Cash, cash equivalents, and restricted cash at end of period 4,059 21,421
Supplemental Information    
Cash paid during the period for interest 146 231
Cash paid during the period for income taxes 92 0
Non-Cash Investing Activities    
Noncash note receivable 0 7,000
Noncash investment in private company 0 6,000
Non-Cash Financing Activities    
Noncash property, plant, and equipment obtained in exchange for term loan $ 3,000 $ 0