Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 33,098 $ (14,130)
Less: Net Income (Loss) from Discontinued Operations 16,205 (444)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 16,893 (13,686)
Adjustments to Reconcile Net Income (Loss) to Net Cash Used in Operating Activities:    
Deferred Income Tax Expense 113 112
Bad Debt Expense 179 380
(Gain) Loss on Sale of Investments (167) 61
Gain on Extinguishment of Debt (15,133) (5,441)
Change in Fair Value of Derivative Liability 492 0
Non-Cash Interest Expense, Net 14 287
(Gain) Loss on Disposal of Assets (19,439) 1,607
Discount on Issuance of Warrants 54 0
Depreciation and Amortization 732 327
Amortization of Operating Lease Right-of-Use Asset 838 1,136
Stock-Based Compensation 371 2,435
Unrealized Gain on Investments 0 (667)
Asset Impairment Charges 1,709 0
Other 0 (70)
Change in Operating Assets and Liabilities:    
Accounts Receivable 53 (550)
Inventory 947 19
Prepaid Expenses & Other Current Assets (472) (39)
Other Assets 1,258 (1,241)
Accounts Payable & Accrued Liabilities 10,308 10,141
Operating Lease Liabilities (894) (469)
Net Cash Used in Operating Activities - Continuing Operations (2,144) (5,658)
Net Cash Provided by Operating Activities - Discontinued Operations 595 4,672
NET CASH USED IN OPERATING ACTIVITIES (1,549) (986)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Property and Equipment (10) (311)
Proceeds from Notes Receivable 222 634
Cash from Acquisitions 959 0
Proceeds from Sale of Investments 1,300 149
Cash Included in Assets Disposed (438) 0
Net Cash Provided by Investing Activities - Continuing Operations 2,033 472
Net Cash Used in Investing Activities - Discontinued Operations (3) 0
NET CASH PROVIDED BY INVESTING ACTIVITIES 2,030 472
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Notes Payable 800 0
Payments of Debt Principal (657) (1,431)
Proceeds from Issuance of Preferred Stock 0 1,970
Net Cash Provided by Financing Activities - Continuing Operations 143 539
NET CASH PROVIDED BY FINANCING ACTIVITIES 143 539
NET CHANGE IN CASH 624 25
Cash and Cash Equivalents at Beginning of Period 416 391
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,040 416
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash Paid for Interest 756 197
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accretion of Mezzanine Equity 741 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 24,060 0
Conversion of Related Party Liabilities to Common Stock 6,165 0
Net Assets Transferred to Assets Held for Sale $ 0 $ (106)