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
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (7,185) $ (2,540)
Adjustments to reconcile net loss to net cash used in operating activities    
(Income) loss from equity method investments (9) 3
Stock-based compensation 572 607
Depreciation and amortization 275 407
Amortization of debt issuance costs 80 13
Provision for stock option fair value (25) (1)
Gain on Paycheck Protection Program loan (1,665)  
Accretion expense 341 215
Change in operating assets and liabilities    
Accounts receivable, net 6,821 (1,675)
Prepaid expenses (206) (420)
Right of use assets 421 205
Accounts payable and accrued liabilities 1,182 (712)
Due from MSAs (705) (1,063)
Lease liability (349) (343)
Income taxes (2,661) (901)
Other assets and liabilities (16) (58)
Net cash used in operating activities (3,129) (6,263)
Cash flows from investing activities    
Purchase of fixed assets (26)  
Net cash paid for acquisitions (127) (156)
Distributions received from equity method investments 50 234
Net cash provided by (used in) investing activities (103) 78
Cash flows from financing activities    
Proceeds from exercise of stock options 4 832
Proceeds from Paycheck Protection Program loan   1,665
Proceeds from debenture   7,360
Repayment of short term debt   (4,100)
Net cash provided by financing activities 4 5,757
Decrease in cash (3,228) (428)
Cash at beginning of period 4,020 4,386
Cash at end of period 792 3,958
Supplemental cash flow information    
Interest paid 769 127
Supplemental non-cash flow information    
Purchase of equipment with finance leases $ 79 $ 305