Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Cash flows from operating activities:      
Net loss $ (820) $ (2,659)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,252 2,956  
Amortization and write off of debt issuance cost 78 50  
Amortization and write off of discount on long-term debt 779 1,333  
Change in contingent consideration from acquisitions (3,187) (8,638)  
Non-cash lease expense 939 1,137  
Change in tax receivable agreement liability 0 1,084  
Bad debt expense 113 249  
Equity-based compensation 1,984 3,281  
Non-cash interest (474) (358)  
Gain on disposal of assets and lease terminations (354) 0  
Change in contingent consideration receivable from Lindora 114 0  
Impairment of goodwill and other noncurrent assets 0 1,915  
Changes in assets and liabilities, net of effect of acquisition:      
Accounts receivable (2,003) (3,229)  
Inventories (282) 1,696  
Prepaid expenses and other current assets (2,303) (4,049)  
Operating lease liabilities (1,021) (1,034)  
Deferred costs 753 607  
Notes receivable, net 1 0  
Accounts payable (8,099) (245)  
Accrued expenses (9,875) 15,299  
Other current liabilities (569) (459)  
Deferred revenue (11) (4,480)  
Other assets 296 1,359  
Other liabilities 0 3  
Net cash provided by (used in) operating activities (21,689) 5,818  
Cash flows from investing activities:      
Purchases of property and equipment (464) (465)  
Purchase of intangible assets (353) (399)  
Notes receivable issued 0 (173)  
Notes receivable payments received 196 40  
Net cash used in investing activities (621) (997)  
Cash flows from financing activities:      
Borrowings from long-term debt, net of original discount issue 0 10,000  
Payments on long-term debt (1,313) (1,374)  
Debt issuance costs 0 (90)  
Payment of preferred stock dividend 0 (1,792)  
Payments of contingent consideration 0 (500)  
Payments for taxes related to net share settlement of restricted share units (632) (919)  
Payments for distributions to Pre-IPO LLC Members (138) (315)  
Net cash provided by (used in) financing activities (2,083) 5,010  
Increase (decrease) in cash, cash equivalents and restricted cash (24,393) 9,831  
Cash, cash equivalents and restricted cash, beginning of period 45,863 32,739 $ 32,739
Cash, cash equivalents and restricted cash, end of period 21,470 42,570 $ 45,863
Supplemental cash flow information:      
Interest paid 13,966 9,910  
Income taxes paid, net 123 93  
Non-cash investing and financing activities::      
Capital expenditures accrued at period end 248 1,581  
Accrued tax withholding related to convertible preferred stock dividend 0 106  
Debt issuance costs paid-in-kind-long-term debt 0 10,872  
Debt issuance costs exit fees - long-term debt $ 0 $ 7,248