v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss attributable to common stockholders $ (6,721) $ (2,949)
Net income attributable to noncontrolling interests 31 18
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization of property and equipment 3,921 3,946
Amortization of intangible assets 1,918 1,183
Stock-based compensation 1,096 492
Amortization of warrants issued as payment for services received 0 218
Amortization of debt discount 222 175
Amortization of debt issuance costs 36 37
Payment-in-kind interest 30 69
Bad debt expense 1,644 (15)
Obligations settled with common stock 2 2
Loss on disposal of assets 256 36
Loss on changes in fair value of investments 0 144
Changes in operating assets and liabilities:    
Accounts receivable, net 1,301 (530)
Deferred rents receivable 12 37
Inventory (1,718) (5,833)
Other current assets 51 930
Other assets (2,905) 1,919
Accounts payable (2,713) 3,607
Accrued expenses and other 1,607 955
Income taxes payable 3,520 1,954
Net cash provided by operating activities 1,590 6,395
Cash flows from investing activities:    
Purchases of property and equipment (575) (8,336)
Business combinations, net of cash acquired, and asset purchases 231 (4,250)
Advances toward future business combinations and asset purchases (50) (485)
Purchases and renewals of cannabis licenses (301) (623)
Proceeds from notes receivable 26 13
Due from third party 0 (128)
Net cash used in investing activities (669) (13,809)
Cash flows from financing activities:    
Proceeds from Construction to Permanent Commercial Real Estate Mortgage Loan 0 2,948
Proceeds from mortgages 2,000 1,163
Payment of third-party debt issuance costs in connection with debt (9) 0
Principal payments of mortgages (741) (138)
Repayment and retirement of mortgages (689) 0
Principal payments of promissory notes (1,919) (253)
Principal payments of finance leases (626) (676)
Distributions (81) (83)
Net cash (used in) provided by financing activities (2,065) 2,961
Net decrease in cash and cash equivalents (1,144) (4,453)
Cash and equivalents, beginning of year 7,282 14,645
Cash and cash equivalents, end of period 6,138 10,192
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,417 3,042
Cash paid for income taxes 2 877
Non-cash activities:    
Common stock issued as purchase consideration 0 991
Present value of promissory notes issued as purchase consideration 0 3,000
Notes payable issued to purchase property and equipment 393 0
Entry into new finance leases 56 1,389
Conversion of preferred stock to common stock 4,275 0
Return of stock to the Company in connection with withholding taxes 30 0
Adjustment to purchase price allocation to reclassify certain acquired intangible assets to goodwill $ 569 $ 3,819

Source

10-Q XBRL Zip