v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss attributable to common stockholders $ (3,785) $ (5,511)
Net income attributable to noncontrolling interests 18 32
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization of property and equipment 2,153 1,807
Amortization of intangible assets 810 949
Stock-based compensation 325 547
Amortization of debt discount 115 105
Amortization of debt issuance costs 18 18
Payment-in-kind interest 0 30
Bad debt expense 76 1,388
Obligations settled with common stock 0 1
Loss on disposal of assets 0 111
Gain on extinguishment of debt (699) 0
Changes in operating assets and liabilities:    
Accounts receivable, net (401) (303)
Deferred rents receivable 0 12
Inventory (2,695) (453)
Other current assets 999 240
Other assets (19) (2,542)
Accounts payable 523 86
Accrued expenses and other 829 1,888
Deferred revenue 74 59
Income taxes payable 2,608 2,829
Net cash provided by operating activities 949 1,293
Cash flows from investing activities:    
Purchases of property and equipment (373) (266)
Business combinations, net of cash acquired, and asset purchases 0 231
Advances toward future business combinations and asset purchases 0 (50)
Purchases and renewals of cannabis licenses (380) (56)
Proceeds from notes receivable 0 26
Net cash used in investing activities (753) (115)
Cash flows from financing activities:    
Principal payments of mortgages (414) (401)
Principal payments of promissory notes (236) (478)
Principal payments of finance leases (444) (322)
Distributions (49) (58)
Net cash used in financing activities (1,143) (1,259)
Net decrease in cash and cash equivalents (947) (81)
Cash and equivalents, beginning of year 8,884 7,201
Cash and cash equivalents, end of period 7,937 7,120
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,757 1,678
Cash paid for income taxes 46 0
Non-cash activities:    
Renewal of existing operating leases 94 0
Entry into new finance leases 0 56
Conversion of preferred stock to common stock 0 4,275
Return of stock to the Company in connection with withholding taxes 5 9
Exchange of preferred stock for preferred stock 6,933 0
Exchange of preferred stock for notes payable $ 7,093 $ 0

Source

10-Q XBRL Zip