v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net Income (Loss) $ 21,106 $ (8,986)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 6,925 735
Non-cash interest expense 1,502 164
Non-cash tax benefit from release of valuation allowance (26,798)
Lease expense 14 85
Impairment of right-of-use assets 24
Stock-based compensation expense 1,148 1,104
Change in fair value of warrant liabilities 127 (292)
Change in provision for credit losses, net (25) 52
Change in provision for inventory 137 112
Gain on disposal of property and equipment (2)
Gain on disposal of Extraction business (3,534)
Changes in operating assets and liabilities:    
Accounts receivable 230 (812)
Accounts receivable - related party 1,092
Inventory 1,161 (610)
Prepaid expenses and other current assets (1,843) (903)
Accounts payable (221) (324)
Accounts payable - related party 69
Accrued expenses and other current liabilities 1,690 (943)
Accrued expenses and other current liabilities - related party 3,421
Operating lease liabilities (38) (104)
Contract liabilities (1,167)
Other liabilities 263
Net cash and cash equivalents provided by (used in) operating activities 9,697 (15,138)
Cash flows from investing activities:    
Related party acquisition of MC Brands (5,075)
Net cash and cash equivalents used in investing activities (5,075)
Cash flows from financing activities:    
Proceeds from related party notes 27,000
Proceeds from notes payable 3,000
Repayments of notes payable (1)
Net cash and cash equivalents provided by financing activities 29,999
Net increase in cash and cash equivalents 9,697 9,786
Cash and cash equivalents at the beginning of period 32,218 31,170
Cash and cash equivalents at the end of period 41,915 40,956
Supplemental disclosures    
Cash paid for interest 257 518
Supplemental disclosure of non-cash investing and financing activities    
Issuance of pre-funded warrants in lieu of related party cash interest 2,313 510
Accrued pre-funded warrants in lieu of cash interest 476
Reclassification of accounts payable to notes payable $ 99