Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities    
Net income $ 1,647 $ 708
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 95 52
Interest accretion expense 19
Amortization of deferred financing fees 11
Stock-based compensation 15 79
Bad debt expense reversal (100)
Credit loss expense 26
Change in fair value of note payable (25) 98
Amortization on operating lease right of use asset 95 108
Other changes in operating assets and liabilities:    
Accounts receivable (224) 46
Other current assets 67 343
Accounts payable 61 (176)
Accrued salaries and bonus (398) (1,091)
Other accrued expenses (113) (159)
Operating lease liabilities (103) (115)
Long-term liabilities 107 104
Net cash provided by (used in) operating activities 1,235 (58)
Cash Flows From Investing Activity    
Purchase of property and equipment (28)
Net cash used in investing activities (28)
Cash Flows From Financing Activities    
Payments made on note payable (1,500) (600)
Net cash used in financing activities (1,500) (600)
Net decrease in cash and cash equivalents (265) (686)
Cash and cash equivalents from continuing operations– beginning 1,461 3,498
Cash and cash equivalents from discontinued operations– beginning
Cash and cash equivalents – beginning 1,461 3,498
Cash and cash equivalents from continuing operations– ending 1,196 2,812
Cash and cash equivalents from discontinued operations– ending
Cash and cash equivalents – ending $ 1,196 $ 2,812