v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income (loss) $ (2,658) $ 4,020
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 0 41
Amortization of platform development and intangible assets 1,943 2,125
Amortization of debt costs 14 31
Liquidated damages 75 75
Stock-based compensation 64 182
Deferred income taxes (142) 31
Provision for credit losses 32 0
Non-cash lease expense 74 0
Other, net (25) 0
Change in operating assets and liabilities:    
Accounts receivable 4,089 (446)
Prepayments and other current assets (103) 75
Other long-term assets 4 4
Accounts payable 1,387 (1,332)
Accrued expenses and other (1,977) (188)
Unearned revenue (791) (1,329)
Subscription and returns reserve liability 72 232
Operating lease liability (97) 141
Net cash provided by operating activities 1,961 3,662
Cash flows from investing activities    
Purchases of intangible assets (300) 0
Capitalized platform development (769) (1,618)
Net cash used in investing activities (1,069) (1,618)
Cash flows from financing activities    
Repayment of Simplify loan 0 (3,500)
Payments of taxes from common stock withheld 0 (4)
Net cash used in financing activities 0 (3,504)
Net change in cash and cash equivalents 892 (1,460)
Cash and cash equivalents — beginning of year 10,338 4,362
Cash and cash equivalents — end of period 11,230 2,902
Supplemental disclosures of cash flow information    
Cash paid for interest 2,442 2,973
Cash paid for income taxes 41 0
Noncash investing and financing activities    
Reclassification of stock-based compensation to platform development $ 0 $ 14