v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net loss from continuing operations $ (41,944) $ (45,425)
Net loss from discontinued operation (10,841) (5,469)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Accretion of debt discount and amortization of deferred financing costs 1,136 1,034
Gain on change in fair value of warrant liability (256) (3,349)
Gain on sales of digital currencies (5,310) (367)
Impairment of digital assets 50 22,911
Impairment of goodwill and other long lived assets 25,887 0
Stock-based compensation 4,071 3,009
Other adjustments 1,285 441
Changes in operating assets and liabilities:    
Accounts receivable 235 2
Prepaid expenses and other assets 283 26
Accounts payable 558 726
Accrued expenses (1,246) (987)
Lease liability payments (959) (794)
Deferred revenue (896) (318)
Cash flows from operating activities - continuing operations (27,947) (28,560)
Cash flows from operating activities - discontinued operation 9,512 1,704
Net cash used by operating activities (18,435) (26,856)
Investing activities    
Proceeds received from sale of digital assets 15,390 1,282
Purchases of digital assets 0 (923)
Capital expenditures 0 (242)
Cash flows used in investing activities - continuing operations 15,390 117
Cash flows used in investing activities - discontinued operation (8) (2,375)
Net cash used in investing activities 15,382 (2,258)
Financing activities    
Proceeds from borrowings, net of issuance costs 0 11,795
Payments on borrowings (5,057) (8,066)
Proceeds from sales of common stock, net of issuance costs 10,476 4,298
Treasury stock repurchases (502) 0
Proceeds from exercise of stock options 58 28
Net cash provided by financing activities - continuing operations 4,975 8,055
Effect of exchange rate on cash and restricted cash 57 (123)
Net (decrease) increase in cash and restricted cash 1,979 (21,182)
Cash and restricted cash at the beginning of the period 1,955 23,137
Cash and restricted cash at the end of the period 3,934 1,955
Supplemental disclosure of cash flow information    
Interest paid 1,215 957
Income taxes paid 0 0
Supplemental disclosure of non-cash information    
Issuance of common stock for payment on 2022 Promissory Note 1,800 0
Right-of-use assets obtained in exchange for operating lease obligations 0 3,053
Non-cash exchange of digital assets 557 906
Issuance of common stock in connection with acquisition of Lyte Technology, Inc. 0 3,064
Issuance of common stock under the 2018 employee stock purchase plan previously accrued 48 214
Issuance of common stock for payment of earned bonus and consulting fees $ 434 $ 0

Source

PDF HTML
10-K Filing
ZIP XLS HTML
XBRL