v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
OPERATING ACTIVITIES:    
Net (loss) income $ (66,223) $ (1,302)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 6,843 5,258
Amortization of debt discount 776 355
Amortization of fair value debt adjustments 2,450 1,288
Impairment loss on goodwill and intangible Assets 23,099 0
Noncash change in warrant shares 5,923 (38,360)
Noncash interest expense 5,799 4,601
Noncash lease expense 2,651 1,119
Provision for bad debts 2,499 683
Provision for deferred income taxes 158 160
Other noncash items 164 330
Changes in assets and liabilities:    
Accounts receivable (5,079) (8,422)
Prepaid expenses and other current assets 1,278 4,099
Other assets 4,919 2,401
Accounts payable and accrued liabilities 20,442 7,498
Deferred revenue (1,446) 821
Operating lease liabilities (1,696) 320
Income taxes 1,710 (39)
Other liabilities (2,296) (672)
Net cash provided by (used in) operating activities 1,970 (19,862)
INVESTING ACTIVITIES:    
Purchases of property and equipment (774) (1,113)
Purchases of internally-created software 0 (150)
Cash paid in acquisitions, net of cash acquired 0 (13,015)
Proceeds from sale of property and equipment 0 100
Net cash used in investing activities (774) (14,178)
FINANCING ACTIVITIES:    
Payments on long-term debt 0 (7,318)
Proceeds from long-term debt 0 43,650
Proceeds of class A common stock issuances 8 71
Repurchases of class A common stock 0 (7)
Payments for debt related costs (400) (1,868)
Finance lease principal payments (488) (267)
Settlement of tax withholding obligations (154) (359)
Net cash (used in) provided by financing activities (1,034) 33,902
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 162 (138)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Beginning of period 6,933 7,071
End of period 7,095 6,933
Cash paid for:    
Interest 6,056 4,112
Noncash investing transactions:    
Noncash deferred revenue for capital expenditures $ 123 $ 0