v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss attributable to common stockholders $ (5,452) $ (1,298)
Net income attributable to noncontrolling interests 32 6
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization of property and equipment 1,807 1,938
Amortization of intangible assets 949 374
Stock-based compensation 547 244
Amortization of debt discount 105 87
Amortization of debt issuance costs 18 18
Payment-in-kind interest 30 14
Bad debt expense 1,388 0
Obligations settled with common stock 1 1
Loss on disposal of assets 111 1
Loss on changes in fair value of investments 0 121
Changes in operating assets and liabilities:    
Accounts receivable, net (303) 707
Deferred rents receivable 12 18
Inventory (453) (3,738)
Other current assets 240 391
Other assets (2,542) 63
Accounts payable 86 1,334
Accrued expenses and other 1,888 1,091
Income taxes payable 2,829 1,838
Net cash provided by operating activities 1,293 3,210
Cash flows from investing activities:    
Purchases of property and equipment (266) (3,368)
Business combinations, net of cash acquired, and asset purchases 231 0
Advances toward future business combinations and asset purchases (50) (485)
Purchases of investments 0 (86)
Purchases and renewals of cannabis licenses (56) (265)
Proceeds from notes receivable 26 13
Due from third party 0 (75)
Net cash used in investing activities (115) (4,266)
Cash flows from financing activities:    
Proceeds from Construction to Permanent Commercial Real Estate Mortgage Loan 0 1,047
Proceeds from mortgages 0 1,163
Principal payments of mortgages (401) (65)
Principal payments of promissory notes (478) (135)
Principal payments of finance leases (322) (320)
Distributions (58) (45)
Net cash provided by financing activities (1,259) 1,645
Net (decrease) increase in cash and cash equivalents (81) 589
Cash and equivalents, beginning of year 7,282 14,645
Cash and cash equivalents, end of period 7,201 15,234
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,678 1,685
Cash paid for income taxes 0 127
Non-cash activities:    
Entry into new finance leases 56 513
Conversion of preferred stock to common stock 4,275 0
Return of stock to the Company in connection with withholding taxes $ 9 $ 0

Source

10-Q XBRL Zip