v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (17,657) $ (32,325)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 800 2,242
Equity-based compensation expense 86 284
Change in fair value of contingent consideration (1,000) 262
Change in provision for credit losses 245 188
(Gain) loss on disposal of fixed assets 215 118
Loss on extinguishment of debt 876
Impairment of property and equipment 153
Unrealized loss on equity investments 629
Amortization of deferred financing costs and debt discount 4,927 2,820
Other 171
Changes in operating assets and liabilities, net of the effects of acquisitions:    
(Increase) decrease in accounts receivable (2,814) 4,586
Decrease in inventories 6,315 20,113
Decrease in vendor deposits 674 2,531
Decrease in other assets 3,533 7,769
Decrease in accounts payable (2,319) (2,770)
Decrease in accrued expenses and other liabilities (841) (7,032)
Decrease in customer deposits (114) (1,208)
Net cash used in operating activities (6,750) (1,793)
Cash flows from investing activities:    
Purchase of property and equipment, net (244) (1,007)
Proceeds from sale of equity investments 1,037
Net cash (used in) provided by investing activities (244) 30
Cash flows from financing activities:    
Proceeds from issuance of Class A common stock, net of issuance costs 5,640 3,852
Proceeds from exercise of stock options and warrants, net of costs 1,827
Repayment of Asset-Based Loan (15,000)
Proceeds from Secured Bridge Loan, net of costs 2,090
Debt issuance costs (751)
Repayment of loan against future accounts receivable (939) (1,721)
Proceeds from future receivables financing 225 3,894
Payments on Eyce and DaVinci promissory notes (2,133)
Repayments of notes payable (2,275)
Proceeds from notes payable 2,950
Purchase consideration paid for Eyce and DaVinci acquisition (350)
Other (1) (21)
Net cash (used in) provided by financing activities 7,427 (10,140)
Effects of exchange rate changes on cash 3 190
Net decrease in cash and cash equivalents 436 (11,713)
Total cash and restricted cash, beginning of period 463 12,176
Total cash and restricted cash, end of period 899 463
Cash 463 6,458
Restricted cash 5,718
Cash 899 463
Restricted cash
Supplemental disclosures of cash flow information    
Cash paid during the period for interest 916 4,495
Cash paid during the period for income taxes
Cash paid for amounts included in the measurement of lease liabilities 1,353
Non-cash investing activities and financing activities:    
Non-cash purchases of property and equipment 133
Transfer from contingent consideration to notes payable 1,650
Transfer from accrued expenses to notes payable 437
Fair value of common stock warrants issued as a debt discount 1,699  
Extinguishment of debt in connection with Synergy Asset purchase agreement $ 2,658

Source

PDF HTML
10-K Filing
ZIP XLS HTML
XBRL