v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:          
Net income $ 1,768 $ 1,974 $ 7,148 $ 3,536  
Adjustments to reconcile net income to net cash provided by operating activities:          
Change in fair value of contingent consideration     (127) (27)  
Amortization of contract assets 1,400 1,500 2,916 2,749  
Depreciation 374 222 626 442  
Amortization of deferred financing costs     157 170  
Provision for credit losses, net of recoveries     261 79 $ 181
Provision for excess and obsolete inventory     250 433  
Gain on sale of property and equipment 0 (34) (7) (34)  
Non-cash lease expense     624 1,236  
Stock compensation expense     1,137 642  
Deferred income tax expense     16 216  
Changes in current assets and liabilities:          
Accounts receivable     (5,096) 292  
Accounts receivable, related party     (2,532) (5,480)  
Inventories     1,448 192  
Income tax receivable     (32) 0  
Other assets     (155) 688  
Accounts payable     (1,722) 50  
Accrued liabilities     (1,893) (2,837)  
Operating lease liabilities     (935) (1,510)  
Income taxes payable     37 (10)  
Interest payable, related party     701 0  
Net cash provided by operating activities     2,822 827  
Cash flows from investing activities:          
Capital expenditures     (1,309) (229)  
Proceeds from sale of assets     7 34  
Net cash used in investing activities     (1,302) (195)  
Cash flows from financing activities:          
Payments on long term debt     (60) (90)  
Proceeds from asset-based loan     106,950 83,300  
Payments on asset-based loan     (106,685) (84,994)  
Payment of note payable issuance costs     (480) 0  
Payment of stock warrant issuance costs     (456) 0  
Payments to tax authorities for shares withheld from employees     (60) (24)  
Proceeds from issuance of stock under Employee Stock Purchase Plan     68 62  
Proceeds from issuance of stock from stock option exercises     8 0  
Payments for finance leases     (25) (19)  
Net cash used in financing activities     (740) (1,765)  
Effect of changes in exchange rates on cash and cash equivalents     (155) 58  
Net change in cash and cash equivalents and restricted cash     625 (1,075)  
Cash and cash equivalents at the beginning of period     4,404 5,851 5,851
Restricted cash at the beginning of period     102 102 102
Cash and cash equivalents and restricted cash at beginning of period     4,506 5,953 5,953
Cash and cash equivalents at end of period 5,028 4,777 5,028 4,777 4,404
Restricted cash at the end of period 103 101 103 101 102
Cash and cash equivalents and restricted cash at end of period $ 5,131 $ 4,878 $ 5,131 $ 4,878 $ 4,506