v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2026
Dec. 31, 2024
Operating Activities      
Net (loss) income including noncontrolling interest $ 1,969,000 $ (13,383,000) $ (6,677,000)
Adjustments to reconcile net (loss) income including noncontrolling interest to net cash (used in) provided by operating activities:      
Depreciation and amortization 1,683,000 3,629,000 2,641,000
Amortization of deferred financing costs 53,000 103,000 95,000
Gain on settlement of debt   (7,005,000)  
Goodwill impairment   11,122,000  
Intangible asset impairment   2,043,000  
Provision for credit loss 24,000 40,000 108,000
Provision for inventory   562,000  
Stock-based compensation expense 42,000 45,000 60,000
Non-cash paid in-kind interest expense 874,000 1,683,000 1,400,000
Non-cash operating lease expense 241,000 450,000 1,278,000
Deferred income taxes (632,000) (970,000) (3,080,000)
Equity method investment loss (income)   17,000 (37,000)
Other non-cash items (145,000)   84,000
Increase (decrease) in cash resulting from changes in:      
Accounts receivable, net (2,905,000) (707,000) 1,079,000
Inventories 6,306,000 804,000 (877,000)
Prepaid expenses and other current and noncurrent assets (1,363,000) (2,676,000) 325,000
Accounts payable (1,372,000) 1,073,000 1,257,000
Accrued compensation (105,000) 93,000 (1,980,000)
Accrued expenses and other current liabilities 3,332,000 (904,000) 204,000
Net cash (used in) provided by operating activities of continuing operations 8,002,000 (3,981,000) (4,120,000)
Net cash provided by operating activities of discontinued operations     68,000
Net cash (used in) provided by operating activities 8,002,000 (3,981,000) (4,052,000)
Investing Activities      
Purchases of property and equipment (279,000) (433,000) (1,170,000)
Acquisition of Bloomia, net of cash acquired     (34,178,000)
Receipts of escrow receivable     200,000
Net cash used in investing activities (279,000) (433,000) (35,148,000)
Financing Activities      
Proceeds from term loan     18,000,000
Proceeds from revolving debt   10,315,000 13,026,000
Proceeds from related party note 250,000 5,350,000 3,500,000
Repayments of seller note   (5,846,000) (2,700,000)
Repayments of term loan (900,000) (1,800,000)  
Repayments of related party note (400,000) (1,200,000)  
Repayments of revolving debt (7,961,000) (6,319,000) (5,065,000)
Repayments of long-term debt (33,000) (69,000) (1,350,000)
Principal payments on finance lease liabilities (39,000) (120,000) (16,000)
Payment of financing costs     (513,000)
Proceeds from issuances of common stock   5,022,000  
Net cash provided by (used in) financing activities (9,083,000) 5,333,000 24,882,000
Effect of exchange rate changes on cash 507,000 (373,000)  
Net increase (decrease) in cash and cash equivalents (853,000) 546,000 (14,318,000)
Cash and cash equivalents, beginning of period 1,759,000 906,000 16,077,000
Cash and cash equivalents, end of period 906,000 1,452,000 1,759,000
Supplemental cash flow information      
Cash paid for interest 904,000 1,878,000 1,626,000
Cash paid for income taxes, net of tax refunds 191,000 466,000 694,000
Non-cash investing and financing activities      
Non-cash purchase consideration - Equity issuance of noncontrolling interest     2,990,000
Non-cash purchase consideration - Seller notes     15,451,000
Purchase of property and equipment included in accounts payable 57,000 8,000  
Capitalized software included in accounts payable $ 43,000    
Purchase of property and equipment included in debt   61,000 $ 150,000
Debt extinguished through non-cash equity transactions   $ 7,609,000