Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (40,197,000) $ (40,672,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 42,609,000 42,101,000
Amortization of debt issuance costs, discounts and premiums 2,963,000 2,987,000
Non-cash change in right-of-use ("ROU") operating lease assets 2,365,000 2,770,000
Non-cash amortization of prepaid insurance 8,796,000  
Stock-based compensation, net 1,736,000 2,873,000
Loss on disposal of assets 32,000 18,000
Loss (gain) on sale of Stockman's, net 320,000 (1,926,000)
Provision for credit losses 42,000 212,000
Deferred income taxes 530,000 262,000
Increases and decreases in operating assets and liabilities:    
Accounts receivable 1,393,000 19,000
Prepaid expenses, inventories and other (11,840,000) (91,000)
Income taxes payable   (489,000)
Operating lease liabilities (1,789,000) (2,505,000)
Contract liabilities (410,000) (1,963,000)
Accounts payable and other liabilities 3,420,000 10,249,000
Net cash provided by operating activities 9,970,000 13,845,000
Cash flows from investing activities:    
Capital expenditures, net of changes in payables (12,651,000) (52,582,000)
Proceeds from sale of Stockman's 2,412,000 7,000,000
Acquisition of intangible assets   (1,000)
Other (83,000) (87,000)
Net cash used in investing activities (10,322,000) (45,670,000)
Cash flows from financing activities:    
Payment of debt issuance costs and extension fees (456,000)  
Borrowings under revolving credit facility 16,500,000 13,000,000
Repayment of revolving credit facility borrowings (13,500,000) (13,000,000)
Proceeds from insurance financing 8,218,000  
Repayments of insurance financing (8,402,000)  
Repayment of finance lease obligations (1,783,000) (1,694,000)
Proceeds from exercise of stock options 502,000 448,000
Repayment of note payable for asset acquisition (278,000) (252,000)
Net cash provided by (used in) financing activities 801,000 (1,498,000)
Net increase (decrease) in cash and cash equivalents, including cash classified within current assets held for sale 449,000 (33,323,000)
Less: net change in cash classified within current assets held for sale   (250,000)
Net increase (decrease) in cash and cash equivalents 449,000 (33,573,000)
Cash and cash equivalents, beginning of period 40,221,000 73,794,000
Cash and cash equivalents, end of period 40,670,000 40,221,000
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 38,954,000 39,184,000
Cash paid for income taxes (Note 9) 0 895,000
Payables and accruals incurred for capital expenditures 277,000 5,264,000
Accrued liability related to asset acquisition 12,919,000 19,961,000
Operating leases (450,000) $ 14,023,000
Financing leases $ 2,418,000