Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (3,761) $ (3,144)
Adjustments to reconcile net loss to net cash used in operating activities    
Income from equity method investments   (25)
Stock-based compensation 174 (10)
Depreciation and amortization   2
Amortization of debt issuance costs 40 39
Accretion expense 102 170
Gain on sale of assets (666)  
Gain on settlement of account payable (181)  
Right of use assets 95 55
Deferred income taxes, net   (796)
Change in operating assets and liabilities    
Accounts receivable 1,536 2,256
Accounts payable and accrued liabilities 476 697
Due from MSAs   234
Lease liability (17)  
Short-term promissory notes 692  
Other assets and liabilities 46 (157)
Operating cash flows from discontinued operations   182
Net cash used in operating activities (1,464) (497)
Cash flows from investing activities    
Proceeds from sale of assets 2,320  
Distributions received from equity method investments   37
Net cash provided by investing activities 2,320 37
Cash flows from financing activities    
Proceeds from share issuance, net of share issuance costs   300
Repayment of debt (82)  
Finance lease principal payments (408) (163)
Payment of acquisition liability (113) (77)
Net cash provided by financing activities (603) 60
Decrease in cash 253 (400)
Cash at beginning of year 123 905
Cash at end of year 376 505
Supplemental cash flow information    
Interest paid 668 $ 550
Supplemental non-cash flow information    
Convertible debt converted to common shares $ 334