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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 1,562 $ 21,343  
Adjustments to reconcile net income to net cash provided by operating activities:      
Change in fair value of contingent consideration (26) (359)  
Change in fair value of Contract Consideration Convertible Notes Payable 0 (26,095)  
Amortization of convertible note issuance cost 0 83  
Paid-in-kind interest expense 0 1,571  
Amortization of contract assets 1,267 1,251  
Depreciation 220 176  
Amortization of asset-based loan origination costs 85 0  
Provision for credit losses, net of recoveries 32 23 $ 138
Provision for excess and obsolete inventory 285 258  
Lease expense 694 977  
Stock compensation expense 311 (1,112)  
Deferred income tax expense (benefit) 209 (6)  
Paycheck protection plan loan forgiveness 0 (4,522)  
Changes in current assets and liabilities:      
Accounts receivable 2,937 3,504  
Accounts receivable, related party (4,086) (3,546)  
Inventories (1,318) (441)  
Other assets 856 (470)  
Accounts payable 4,246 8,554  
Accrued liabilities (2,499) 1,236  
Operating lease liabilities (921) (1,190)  
Income taxes payable 33 (87)  
Interest payable 0 (8)  
Net cash provided by operating activities 3,887 1,140  
Cash flows from investing activities:      
Capital expenditures (152) (157)  
Net cash used in investing activities (152) (157)  
Cash flows from financing activities:      
Payment for forfeited stock options 0 (617)  
Payments on long term debt (45) (15)  
Proceeds from asset-based loan 38,800 0  
Payments on asset-based loan (43,181) 0  
Payments to tax authorities for shares withheld from employees (9) (200)  
Proceeds from issuance of stock 33 20  
Payments for finance leases (9) (6)  
Net cash used in financing activities (4,411) (818)  
Effect of changes in exchange rates on cash and cash equivalents 42 (21)  
Net change in cash and cash equivalents and restricted cash (634) 144  
Cash and cash equivalents at the beginning of period 5,851 12,290 12,290
Restricted cash at the beginning of period 102 100 100
Cash and cash equivalents and restricted cash at beginning of period 5,953 12,390 12,390
Cash and cash equivalents at end of period 5,219 12,433 5,851
Restricted cash at the end of period 100 101 102
Cash and cash equivalents and restricted cash at end of period $ 5,319 $ 12,534 $ 5,953