v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss from continuing operations $ (2,966) $ (3,276)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation [1] 71 76
Noncash interest expense 15 0
Noncash lease expense 51 184
Change in deferred taxes 0 0
Share-based compensation 260 308
Warrant expense 1,003 0
Changes in operating assets and liabilities:    
Due from affiliates (148) 622
Prepaid expenses and other current assets (402) 37
Other assets (1) 0
Accounts payable (452) (323)
Accrued expenses (624) (417)
Player liabilities (3) 374
Due to affiliates 100 (1,082)
Operating lease liabilities 10 (128)
Deferred offerings costs 79 0
Other liabilities 16 17
Net cash used in operating activities (2,991) (3,608)
Cash flows from investing activities    
Investment in capitalized software (78) 0
Purchase of property and equipment (1) (13)
Net cash used in investing activities (79) (13)
Cash flows from financing activities    
Settlement of affiliated debt 0 (90)
Proceeds from placement and registered direct offerings 23,453 0
Proceeds from exercised options 316 0
Net cash (used in) provided by financing activities 23,769 (90)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (287) 290
Net change in cash, cash equivalents, and restricted cash 20,412 (3,421)
Cash, cash equivalents, and restricted cash – beginning of period 2,665 7,954
Cash, cash equivalents, and restricted cash – end of period 23,077 4,533
Non-cash financing activities:    
Acquisition of right of use asset in exchange for lease obligations $ 0 $ 138
[1]  Includes amortization of intangible assets generated through business acquisitions and depreciation of property and equipment, amortization of contract costs, and amortization of internally developed software and other intangible assets. Excludes amortization of right of use assets.