Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net (loss) income	$ (16,490,000)	$ 404,000
Less: Loss from discontinued operations, net of taxes (Note 10)	(441,000)	(44,000)
(Loss) income from continuing operations, net of taxes	(16,049,000)	448,000
Adjustments to reconcile (loss) income from continuing operations to cash used in operating activities:
Depreciation and amortization	1,295,000	2,124,000
Amortization of debt issuance costs	47,000	80,000
Deferred tax expense	4,300,000	482,000
(Recovery of) provision for credit losses on accounts receivable	(9,000)	56,000
Loss on disposal of property and equipment	1,000
Issuance of Common Stock for services	361,000	356,000
Stock-based compensation	466,000	392,000
Changes in operating assets and liabilities of continuing operations
Accounts receivable	990,000	(6,034,000)
Unbilled receivables	1,155,000	(3,274,000)
Prepaid expenses, inventories and other assets	2,277,000	3,696,000
Accounts payable, accrued expenses and unearned revenue	(5,805,000)	2,175,000
Cash (used in) provided by continuing operations	(10,971,000)	501,000
Cash used in discontinued operations	(468,000)	(478,000)
Cash used in operating activities	(11,439,000)	23,000
Cash flows from investing activities:
Purchases of property and equipment	(2,224,000)	(1,386,000)
Addition to permits and other intangible assets	(577,000)	(49,000)
Proceeds from sale of property and equipment	1,000
Cash used in continuing operations	(2,800,000)	(1,435,000)
Cash used in discontinued operations	(49,000)
Cash used in investing activities	(2,849,000)	(1,435,000)
Cash flows from financing activities:
Repayments of revolving credit borrowings	(78,313,000)	(63,295,000)
Borrowing on revolving credit	78,313,000	63,295,000
Proceeds from long term debt		2,500,000
Proceeds from sale of Common Stock, net of offering costs paid (Note 14)	18,495,000
Principal repayments of finance lease liabilities	(218,000)	(135,000)
Principal repayments of long term debt	(675,000)	(450,000)
Payment of debt issuance costs	(61,000)	(175,000)
Proceeds from issuance of Common Stock upon exercise of options/warrant	264,000	150,000
Cash provided by financing activities of continuing operations	17,805,000	1,890,000
Effect of exchange rate changes on cash	1,000
Increase in cash and finite risk sinking fund (restricted cash)	3,518,000	478,000
Cash and finite risk sinking fund (restricted cash) at beginning of period	19,574,000	13,436,000
Cash and finite risk sinking fund (restricted cash) at end of period	23,092,000	13,914,000
Supplemental disclosure:
Interest paid	349,000	172,000
Income taxes paid	50,000
Non-cash financing activities:
Equipment/property purchase subject to finance	$ 406,000	$ 309,000