v3.26.3
Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities    
Net loss from continuing operations $ (22,354) $ (23,977)
Adjustments to reconcile net loss to net cash provided by operating activities    
Accretion and accrued interest 7,416 6,128
Depreciation of property and equipment and amortization of intangible assets 11,996 11,663
Amortization of operating right-of-use assets 1,056 1,208
Share-based compensation 2,460 3,659
Deferred income tax expense 326 291
(Gain) loss on fair value of derivative liabilities (5,041) 347
Unrealized and realized loss on investments 271 736
Gain from revaluation of contingent consideration 0 (825)
Provision for expected credit loss 1,059 988
Loss on extinguishment of debt 0 1,432
Unrealized and realized foreign exchange loss (gain) 569 (530)
Impairment and other 709 (5)
Changes in operating assets and liabilities    
Receivables 1,651 2,084
Inventory (3,362) 6,056
Accounts payable and accrued liabilities (3,209) (5,336)
Income taxes paid and tax related liabilities 32,713 22,027
Prepaid expense and other current assets (1,048) 49
Other assets and liabilities (347) (396)
Net cash provided by operating activities - continuing operations 24,865 25,599
Net cash used in operating activities - discontinued operations (971) (12,085)
Net cash provided by operating activities 23,894 13,514
Investing activities    
Investment in property and equipment (5,193) (6,898)
Investment in note receivable, net of interest received 1,793 165
Investment in intangible assets (44) (726)
Cash portion of consideration paid in acquisition, net of cash received (8,755) (5,128)
Refund of deposit for business acquisition 3,400 0
Net cash used in investing activities - continuing operations (8,799) (12,587)
Net cash provided by (used in) investing activities - discontinued operations 1,293 (877)
Net cash used in investing activities (7,506) (13,464)
Financing activities    
Proceeds from loan payable, net of transaction costs 0 78,944
Loan principal paid, including exit fees (16,524) (66,131)
Capital distributions paid to non-controlling interests (4,188) (2,046)
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 87 0
Repurchases of common shares (1,025) (377)
Net cash (used in) provided by financing activities - continuing operations (11,313) 10,004
Net cash used in financing activities- discontinued operations (200) 0
Net cash (used in) provided by financing activities (11,513) 10,004
Net increase in cash and cash equivalents and restricted cash during the period 4,875 10,054
Net effects of foreign exchange 144 (415)
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 42,543 36,626
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net (103) 9,623
Interest paid 24,495 20,627
Non-cash transactions    
Note receivable issued as a noncontrolling interest contribution 3,177  
Reduction of loan principal through proceeds from retained economic interest (336)  
Equity issued for acquisitions 0 1,278
Equity issued for price protection on contingent consideration 0 1,904
Change in accrued capital expenditures (48) 1,321
Federal income tax    
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net (3,790) 6,466
State income tax | NEW JERSEY    
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net 1,521 2,205
State income tax | MARYLAND    
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net 2,132 1,314
State income tax | PENNSYLVANIA    
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net 0 (629)
State income tax | Other    
Supplemental disclosure with respect to cash flows    
Cash (received) paid for income tax, net $ 34 $ 267

Source

10-Q PDF
XBRL