v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities:    
Net loss $ (10,743) $ (6,603)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency 4 (22)
Depreciation 36 36
Amortization 817 876
Non-cash lease expense 33 77
Inventory step up amortization 1 100
Stock-based compensation 394 2,089
Loss on disposal of assets 1 0
Loss (gain) on extinguishment of debt and accounts payable 1,710 (3,037)
Loss on settlement of accounts payable 0 551
Change in Fair Value of Preferred Stock 37 0
Non-cash interest income 0 (158)
Interest paid in kind and non-cash interest expense 602 1,306
Amortization of debt discount 946 370
Credit loss on loan receivable 242 0
Change in fair value of convertible notes 1,350 573
Non-cash charge from settlement agreement 2,176 0
Change in fair value of earnout 26 0
Change in fair value of derivatives 327 1,487
Change in fair value of warrants (667) (449)
Changes in operating assets and liabilities    
Accounts receivable 249 (338)
Inventories (73) 391
Prepaid expenses and other current assets 73 (48)
Vendor deposits (13) (37)
Other assets (17) 0
Accounts payable 161 (580)
Accrued expenses and other current liabilities (49) (35)
Deferred revenue (175) (11)
Operating lease liabilities (35) (83)
Net cash used in operating activities (2,587) (3,545)
Cash Flows From Investing Activities:    
Repayment from (advances to) Sportstech 6,350 (2,025)
Purchase of property and equipment (97) 0
Proceeds from the sale of property and equipment 9 0
Acquisition of internal use software (2) 0
Acquisition of business, cash paid, net of cash acquired (1,711) 0
Acquisition of software and content (399) (166)
Net cash provided by (used) in investing activities 4,150 (2,191)
Cash Flows From Financing Activities:    
Payments of loans (344) 0
Proceeds from issuance of convertible notes, net of issuance costs 1,595 6,177
Proceeds from issuance of common stock from At the Market Offering, net of issuance costs 1,463 1,594
Net cash provided by financing activities 2,714 7,771
Effect of exchange rate on cash (51) 34
Net Change In Cash and Cash Equivalents and Restricted Cash 4,226 2,069
Cash at beginning of the period 512 138
Cash at end of period $ 4,738 $ 2,207