Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating activities:
Net loss	$ (3,110)	$ (2,988)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	15	64
Share-based compensation	0	160
Amortization of operating lease right-of-use assets	61	94
Change in fair value of loans	69	(849)
Net realized loss on sale of loans held for investment	0	265
Loss on discarded assets	74	0
Interest on note payable	251	0
Amortization of deferred financing fees	0	31
Changes in operating assets and liabilities:
Originations of held for sale loans	0	(1,817)
Additional fundings of held for sale loans	(834)	(1,202)
Proceeds from sales of held for sale loans	0	1,087
Principal payments on held for sale loans	2,533	116
Interest receivable	36	340
Prepaid expenses and other assets	143	0
Accounts payable and other accrued liabilities	(1,227)	0
Other liabilities and operating lease liabilities	(62)	0
Other assets and liabilities	0	(2,245)
Net cash used in operating activities	(2,051)	(6,944)
Investing activities:
Additional fundings of loans held for investment	(27)	(2,612)
Proceeds from sales of loans held for investment	0	5,235
Principal payments on loans held for investment	1,018	15,382
Investment in property and equipment	0	(31)
Net cash provided by investing activities	991	17,974
Financing activities
Conversion of preferred stock	(1,000)	0
Proceeds from borrowed funds	0	23,370
Repayment of borrowed funds	0	(31,789)
Repurchase of common stock	0	(1,504)
Net cash used in financing activities	(1,000)	(9,923)
Net (decrease) increase in cash and cash equivalents	(2,060)	1,107
Effect of exchange rate changes on cash and cash equivalents	0	4
Consolidated cash, cash equivalents, and restricted cash, beginning of period	8,713	12,774
Consolidated cash, cash equivalents, and restricted cash, end of period	6,653	13,885
Reconciliation of Cash, Cash Equivalents and Restricted Cash
Cash and cash equivalents	6,653	11,836
Restricted cash	0	2,049
Total cash, cash equivalents, and restricted cash	6,653	13,885
Supplemental disclosure of cash information:
Cash paid for interest	0	900
Cash paid for income taxes	$ 0	$ 48

Altisource Asset Management Corp 10-Q