Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net loss $ (140) $ (22,357)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,180 6,536
Equity-based compensation 5,702 5,331
Amortization of debt issuance costs 546 536
Loss on disposal of assets 0 839
Paid-in-kind interest 0 1,155
Other 30 423
Changes in operating assets and liabilities:    
Accounts receivable, net 2,137 3,967
Inventories, net 4,023 (6,341)
Prepaid expenses and other assets 1,653 (1,595)
Accounts payable 1,328 (3,590)
Accrued liabilities (2,764) 10,067
Deferred revenue and gift card liability (1,131) (148)
Operating lease liability (1,228) (1,285)
Other liabilities (1,701) (1,002)
Net cash provided by (used in) operating activities 12,635 (7,464)
Investing activities    
Purchases of property, plant, and equipment (1,093) (2,147)
Proceeds from sale of property and equipment 23 0
Net cash used in investing activities (1,070) (2,147)
Financing activities    
Proceeds from ABL Facility 26,500 197,457
Debt issuance costs paid 0 (225)
Repayment of long-term debt (29,750) (190,932)
Financing lease obligations (2) 11
Repayment of promissory note (400) (400)
Tax withholdings on vested Restricted Stock Units (273) 0
Issuance of stock from the Employee Stock Purchase Plan 59 194
Proceeds received for settlement agreement 0 1,000
Net cash provided by (used in) financing activities (3,866) 7,105
Net increase (decrease) in cash, cash equivalents 7,699 (2,506)
Cash and cash equivalents, beginning of period 4,330 6,810
Cash and cash equivalents, end of period 12,029 4,304
Supplemental cash flow disclosures    
Recognition of revenue for inventory exchanged for prepaid advertising (40) 406
Increase in insurance receivables as a result of legal settlement 0 2,500
Property and equipment purchased but not yet paid 35 (4)
Cash paid for income taxes 133 334
Cash paid for interest $ 2,170 $ 1,822