v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net loss $ (15,230) $ (16,346)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 98 93
Amortization expense - intangibles 3,154 2,956
Amortization of right of use assets 2,490 2,247
Amortization of prepaid post-combination compensation 2,395 4,218
Accretion of other liability 2,913 3,055
Amortization of debt discount   95
Amortization of debt discount 72 108
Provision for deferred income taxes (4,613) (1,388)
Share-based accounting charge 14,644 14,838
Change in fair value of contingent consideration 7,195 2,676
Gain on bargain purchase (898) 0
Expected credit losses 1,371 1,021
Decrease in:    
Contract and unbilled receivables (10,267) (7,899)
Prepaid post-combination expense (9,566) (10,306)
Prepaid expenses and other assets (1,767) (1,578)
Increase (decrease) in:    
Accounts payable and accrued expenses (6,315) (4,169)
Income taxes payable and receivable 4,687 5,594
Deferred revenue 2,939 3,362
Contingent consideration (1,447) (3)
Operating lease liability (2,146) (2,511)
Other liabilities (2,804) (1,722)
Transactions with members and related parties 280 1,340
Net Cash Used in Operating Activities (9,050) (278)
Cash Flows from Investing Activities:    
Purchases of property and equipment (632) (93)
Proceeds received for notes receivable - related parties  400 0
Cash paid for acquisitions, net of cash acquired (611) (18,522)
Net Cash Used in Investing Activities (843) (18,615)
Cash Flows from Financing Activities:    
Proceeds from initial public offering, net of underwriting fees of $3.0 million 42,866 0
Proceeds from notes payable 0 24,000
Payment of debt issuance costs 0 (82)
Payment of deferred equity offering costs (4,151) 0
Principal payment of note payable (4,909) (4,040)
Payment of contingent considerations (306) 0
Dividends paid (7,041) (5,765)
Net Cash Provided by Financing Activities 26,459 14,113
Effect of foreign exchange rate changes on cash and cash equivalents (79) 36
Net Change in Cash and Cash Equivalents 16,487 (4,744)
Cash and Cash Equivalents as of Beginning of Period 20,436 14,536
Cash and Cash Equivalents at the End of Period 36,923 9,792
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,454 1,392
Cash paid for income taxes 3,018 2,412
Common stock received for repayment of note receivable with Alpine Group 0 532
Right of use assets obtained with lease liabilities 11,270 2,067
Contingent consideration issued for acquisitions 0 2,483
Common stock issued for acquisitions 0 1,190
Stock issued for settlement of other liability 1,211 342
Stock issued for settlement of contingent consideration 1,727 0
Omnibus Incentive Plan    
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,033 2,651
Post-Combination Awards    
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation $ 1,732 $ 1,498