v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities    
Net Loss $ (13,251,000) $ (34,243,000)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation and Amortization 6,269,000 5,704,000
Non-Cash Stock-Based Compensation Expense 2,016,000 1,950,000
Non-Cash Interest Expense 9,304,000 1,105,000
Goodwill Impairment 0 6,826,000
Loss on Disposition of Assets 131,000 850,000
Loss on the Conversion of SAFE Notes 2,175,000 0
Change in Fair Value of Warrant Liability (421,000) (434,000)
Change in Fair Value of Contingent Consideration, Net of Payments 408,000 (501,000)
Change in Fair Value of the Former Owner Loan 600,000 0
Changes in Operating Assets and Liabilities, Net of Acquisitions:    
Inventory (1,457,000) (3,360,000)
Accounts Receivable (2,858,000) (1,649,000)
Other Assets 1,986,000 (780,000)
Accounts Payable 5,589,000 (2,453,000)
Other Liabilities 4,320,000 (579,000)
Net Cash Used in Operating Activities (5,068,000) (27,563,000)
Cash Flows From Investing Activities    
Capital Expenditures (2,960,000) (1,779,000)
Business Acquisitions, Net of Cash Received (4,488,000) (10,399,000)
Additions to Internally Developed Software (709,000) (1,481,000)
Net Cash Used in Investing Activities (8,157,000) (13,659,000)
Cash Flows From Financing Activities    
Borrowings Under Credit Facilities 3,000,000 3,188,000
Repayments Under Credit Facilities (33,850,000) 0
Borrowings Under Other Debt Instruments 5,089,000 16,286,000
Repayments of Other Debt Instruments (5,371,000) (3,435,000)
Issuance of SAFE Notes 3,330,000 0
Proceeds from Issuance of Preferred Stock, Net (converted to Company Common Stock at the Closing) 0 1,350,000
Forward Purchase Agreement Prepayment (Note 11) (42,240,000) 0
Proceeds from SPAC Merger, Net (Note 3) 159,487,000 0
Payment of Transaction Costs Directly Attributable to the SPAC Merger (Note 3) (1,116,000) 0
Exercise of Common Stock for Cash 10,000 0
Dividends to Noncontrolling Interests (862,000) (620,000)
Acquisitions of Noncontrolling Interests (1,532,000) (1,540,000)
Payments of Debt Issuance Costs (214,000) 0
Contingent Consideration Payments (794,000) (144,000)
Net Cash Provided by Financing Activities 84,937,000 15,085,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents (178,000) 0
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 71,534,000 (26,137,000)
Cash, cash equivalents and restricted cash:    
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 54,097,000 75,509,000
Cash, Cash Equivalents and Restricted Cash at End of Period 125,631,000 49,371,000
Supplemental Disclosures of Cash Flow Information:    
Interest Paid 17,266,000 14,214,000
Income Taxes Paid 819,000 570,000
Supplemental Non-Cash Activity:    
Debt Assumed to Acquire Operating Subsidiaries (Note 5) 11,000,000 25,550,000
Conversion of Legacy Teamshares Series B Warrants into Legacy Teamshares Common Stock (Note 3) 2,501,000 0
Conversion of SAFE Notes into Company Common Stock and Issuance of Incentive Founder Shares to SAFE Investors (Note 3) 8,505,000 0
Earnout Shares and Deferred Founder Shares    
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Changes in Fair Value of derivative liability (24,884,000) 0
Forward Purchase Agreement    
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Changes in Fair Value of derivative liability $ 5,003,000 $ 0