Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 20,313 $ (2,838)
Less: Net Income from Discontinued Operations 16,549 2,156
Net Income (Loss) from Continuing Operations 3,764 (4,994)
Adjustments to Reconcile Net Income (Loss) to Net Cash Used in Operating Activities:    
Deferred Income Tax Benefit (113) 0
Bad Debt Expense 0 1
Loss on Sale of Investments 0 61
Gain on Extinguishment of Debt (15,182) (3,026)
Change in Fair Value of Derivative Liability 130 0
Non-Cash Interest Expense, Net 7 193
Loss on Disposal of Assets 134 67
Depreciation and Amortization 316 177
Amortization of Operating Lease Right-of-Use Asset 605 635
Stock-Based Compensation 316 2,097
Unrealized Loss on Investments 353 0
Impairment Loss 1,709 0
Change in Operating Assets and Liabilities:    
Accounts Receivable 188 (231)
Inventory 344 (446)
Prepaid Expenses & Other Current Assets (65) (105)
Other Assets 1,282 0
Accounts Payable & Accrued Liabilities 5,592 2,179
Operating Lease Liabilities (639) (285)
Net Cash Used in Operating Activities - Continuing Operations (1,259) (3,677)
Net Cash Provided by Operating Activities - Discontinued Operations 409 2,437
NET CASH USED IN OPERATING ACTIVITIES (850) (1,240)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Property and Equipment (6) (62)
Proceeds from Notes Receivable 0 634
Cash from Acquisitions 959 0
Proceeds from Sale of Investments 1,300 149
Net Cash Provided by Investing Activities - Continuing Operations 2,253 721
Net Cash Used in Investing Activities - Discontinued Operations (3) (29)
NET CASH PROVIDED BY INVESTING ACTIVITIES 2,250 692
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of Debt Principal (222) (1,099)
Proceeds from Issuance of Preferred Stock 0 1,970
Net Cash (Used in) Provided by Financing Activities - Continuing Operations (222) 871
Net Cash Used in Financing Activities - Discontinued Operations 0 (30)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (222) 841
NET CHANGE IN CASH 1,178 293
Cash at Beginning of Period 416 391
CASH AT END OF PERIOD 1,594 684
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest 488 182
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accretion of Mezzanine Equity 23 0
Accrued Interest Converted into Principal 0 1,896
Conversion of Accounts Payable to Note Payable 337 0
Non-Cash Consideration for Acquisition of Coastal Pines Group, Including Liabilities Assumed $ 23,362 $ 0