v3.26.1
Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net loss from continuing operations $ (16,888) $ (14,071)
Adjustments to reconcile net loss to net cash provided by operating activities    
Accretion and accrued interest 4,946 4,306
Depreciation of property and equipment and amortization of intangible assets 8,021 7,729
Amortization of operating right-of-use assets 730 805
Share-based compensation 1,714 2,293
Deferred income tax expense 484 597
Gain on fair value of derivative liabilities (232) (376)
Unrealized and realized loss on investments 271 735
Loss from revaluation of contingent consideration 0 346
Provision for expected credit loss 826 673
Unrealized and realized foreign exchange loss (gain) 511 (607)
Impairment and other 36 (5)
Changes in operating assets and liabilities    
Receivables (262) (511)
Inventory (5,128) 4,580
Accounts payable and accrued liabilities 2,218 (5,046)
Income taxes paid and tax related liabilities 20,439 16,862
Prepaid expense and other current assets (1,322) 79
Other assets and liabilities (327) 90
Net cash provided by operating activities - continuing operations 16,037 18,479
Net cash used in operating activities - discontinued operations (971) (7,658)
Net cash provided by operating activities 15,066 10,821
Investing activities    
Investment in property and equipment (2,504) (4,650)
Investment in note receivable, net of interest received 103 123
Investment in intangible assets (44) (726)
Cash portion of consideration paid in acquisition, net of cash received (3,722) (5,128)
Refund of deposit for business acquisition 3,400 0
Deposits for business acquisition (250) 0
Net cash used in investing activities - continuing operations (3,017) (10,381)
Net cash provided by (used in) investing activities - discontinued operations 1,293 (737)
Net cash used in investing activities (1,724) (11,118)
Financing activities    
Proceeds from loan payable, net of transaction costs 0 5,000
Loan principal paid, including exit fees (16,236) (1,966)
Capital distributions paid to non-controlling interests (2,563) (1,988)
Payment for contingent consideration 0 (386)
Proceeds from convertible debentures, net of issuance costs 18,967 0
Convertible debentures principal paid (8,630) 0
Proceeds from exercise of stock options 20 0
Repurchases of common shares (391) (377)
Net cash (used in) provided by financing activities - continuing operations (8,833) 283
Net cash used in financing activities- discontinued operations (200) 0
Net cash (used in) provided by financing activities (9,033) 283
Net increase (decrease) in cash and cash equivalents and restricted cash during the period 4,309 (14)
Net effects of foreign exchange 193 (191)
Cash and cash equivalents and restricted cash, beginning of the period 37,524 26,987
Cash and cash equivalents and restricted cash, end of the period 42,026 26,782
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net (103) 4,501
Interest paid 17,081 13,266
Non-cash transactions    
Note receivable issued as a noncontrolling interest contribution 1,681  
Change in accrued capital expenditures 1,869 2,115
MARYLAND    
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net 2,132  
Federal income tax    
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net (3,790) 2,794
State income tax | NEW JERSEY    
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net 1,521 1,606
State income tax | MARYLAND    
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net   61
State income tax | Other    
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net $ 34 $ 40

Source

10-Q PDF
XBRL