v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:        
Net (loss) income $ (515) $ 16,658 $ (1,046) $ 11,387
Adjustments to reconcile net (loss) income to net cash used in operating activities:        
Depreciation and amortization 100 200 114 363
Amortization of right-of-use assets under operating leases 400 400 766 546
Amortization of intangible assets 1,423 1,270 2,847 2,540
Share-based compensation expense     2,435 1,758
Bad debt expense 115 99 189 (38)
Amortization of debt premium     (2,391) (1,677)
Amortization of debt discount     209 718
Amortization of debt issuance costs     111 448
Gain on early extinguishment of debt (696) 0 (696) 0
Deferred income taxes     27 70
Changes in operating assets and liabilities:        
Accounts receivable     (9,135) (3,354)
Prepaid expenses and other current assets     3,243 737
Other assets     106 (23)
Accounts payable and accrued expenses     2,902 (1,521)
Current and non-current operating lease liabilities     (802) (563)
Other current and non-current liabilities     (1,056) (16,669)
Net cash used in operating activities     (2,177) (5,278)
Cash flows from investing activities:        
Additions to premises and equipment     (369) (28)
Net cash used in investing activities     (369) (28)
Cash flows from financing activities:        
Proceeds from the Super Senior Facility     0 11,250
Debt issuance costs     0 (1,741)
Repayments and repurchases of long-term debt     (2,108) (306)
Equity issuance costs     (263) (3,350)
Purchase of fractional shares     0 (1)
Distributions to non-controlling interests     (119) (55)
Payments of tax withholding on vesting of restricted share units and restricted shares     (873) (328)
Net cash (used in) provided by financing activities     (3,363) 5,469
Net (decrease) increase in cash, cash equivalents and restricted cash     (5,909) 163
Cash, cash equivalents and restricted cash at the beginning of the period     30,493 32,700
Cash, cash equivalents and restricted cash at the end of the period 24,584 32,863 24,584 32,863
Supplemental cash flow information:        
Interest paid     6,295 7,910
Income taxes (refunded) paid, net     94 (682)
Acquisition of right-of-use assets with operating lease liabilities     360 77
Reduction of right-of-use assets from operating lease modifications or reassessments     (3) (162)
Non-cash investing and financing activities:        
Equity issued in exchange for debt reduction     0 45,370
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]        
Cash and cash equivalents 23,186 29,985 23,186 29,985
Restricted cash 1,398 2,878 1,398 2,878
Total cash, cash equivalents and restricted cash reported in the statements of cash flows $ 24,584 $ 32,863 $ 24,584 $ 32,863