v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss attributable to common stockholders $ (7,374) $ (6,905)
Net income attributable to noncontrolling interests 36 31
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization of property and equipment 4,484 3,921
Amortization of intangible assets 1,527 1,918
Stock-based compensation 675 1,096
Amortization of debt discount 311 222
Amortization of debt issuance costs 37 36
Payment-in-kind interest 0 30
Bad debt expense 581 1,644
Obligations settled with common stock 0 2
Loss on disposal of assets 0 256
Gain on extinguishment of debt (699) 0
Changes in operating assets and liabilities:    
Accounts receivable, net (1,030) 1,301
Deferred rents receivable 0 12
Inventory (74) (1,718)
Other current assets 500 51
Other assets 2 (2,905)
Accounts payable (1,439) (2,713)
Accrued expenses and other 748 1,607
Deferred revenue 317 184
Income taxes payable 4,566 3,520
Net cash provided by operating activities 3,168 1,590
Cash flows from investing activities:    
Purchases of property and equipment (671) (575)
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 (580) (301)
Proceeds from notes receivable 0 26
Interest receivable on notes receivable (9) 0
Net cash used in investing activities (1,260) (669)
Cash flows from financing activities:    
Proceeds from mortgages 0 2,000
Payment of third-party debt issuance costs in connection with debt 0 (9)
Principal payments of mortgages (805) (741)
Repayment and retirement of mortgages 0 (689)
Principal payments of promissory notes (591) (1,919)
Principal payments of finance leases (879) (626)
Distributions (80) (81)
Net cash used in financing activities (2,355) (2,065)
Net decrease in cash and cash equivalents (447) (1,144)
Cash and equivalents, beginning of year 8,884 7,282
Cash and cash equivalents, end of period 8,437 6,138
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,639 3,417
Cash paid for income taxes 138 2
Non-cash activities:    
Notes payable issued to purchase property and equipment 27 393
Renewal of existing operating leases 94 0
Entry into new finance leases 279 56
Conversion of preferred stock to common stock 0 4,275
Return of stock to the Company in connection with withholding taxes 22 30
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