v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net Income (Loss) $ (7,766) $ (7,440)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 60 214
Share-based compensation 1,120 1,043
Shares issued to vendors in exchange for services 55 1,008
Amortization of right-of-use asset 25 31
Non-cash interest 1,331 914
Amortization of debt premium and debt issuance costs, net 56 (17)
Bad debt expense 178
Changes in operating assets and liabilities:    
Accounts receivable and unbilled receivables (1,303) (56)
Prepaid expenses and other assets 101 176
Accounts payable 2,115 479
Accrued expenses 604 (516)
Accrued fiduciary obligations (1,251) 871
Operating lease liabilities (130) (123)
Due to related party 26
Other liabilities 203 92
Net cash used in operating activities (4,576) (3,324)
Cash flows from investing activities:    
Proceeds from sale of business unit 500
Net cash provided by investing activities 500
Cash flows from financing activities:    
Proceeds from issuance of related party promissory notes 660
Payments on related party promissory notes (660)
Proceeds from vendor financing advance 2,000
Proceeds from related party advance (Note 13) 1,000
Proceeds from issuance of convertible debentures (Note 7) 3,000
Payments of debt issuance costs (162)
Payments on convertible debentures (Note 7) (800) (1,500)
Payments to seller for acquisition (196)
Proceeds from issuance of common stock in a private placement offering, net 730
Net cash provided by financing activities 2,200 1,872
Net decrease in cash, cash equivalents and restricted cash (2,376) (952)
Cash, cash equivalents and restricted cash at beginning of period 8,951 9,232
Cash, cash equivalents and restricted cash at end of period 6,575 8,280
Reconciliation of cash, cash equivalents, and restricted cash reported in the condensed consolidated balance sheets    
Cash and cash equivalents 138 619
Restricted cash 6,437 7,661
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statement of cash flows 6,575 8,280
Supplemental disclosure of cash flow information    
Cash paid for interest $ 591 $ 781