Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.24.0.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Net revenues $ 4,832 $ 6,521
Cost of revenues 3,146 3,012
Gross profit 1,686 3,509
Operating expenses:    
Sales and marketing 3,329 4,114
General and administrative 13,780 17,277
Research and development 4,449 6,149
Impairment of goodwill 25,819 0
Total operating expenses 47,377 27,540
Operating loss (45,691) (24,031)
Other income (expense):    
Interest expense (1,733) (2,406)
Loss on extinguishment of debt (237) 0
Impairment of digital assets (50) (22,911)
Fair value adjustment for warrant liabilities 256 3,349
Gain on sale of digital currencies 5,310 367
Other income, net 230 211
Total other income (expense) 3,776 (21,390)
Loss before taxes (41,915) (45,421)
Income tax expense (29) (4)
Net loss from continuing operations (41,944) (45,425)
Net loss from discontinued operation, net of $0 taxes (10,841) (5,469)
Net loss (52,785) (50,894)
Cumulative translation adjustment 54 (120)
Comprehensive loss $ (52,731) $ (51,014)
Net loss from continuing operations per share, basic (in dollars per share) $ (17.62) $ (22.95)
Net loss from continuing operations per share, diluted (in dollars per share) (17.62) (22.95)
Net loss from discontinued operations per share, basic (in dollars per share) (4.56) (2.76)
Net loss from discontinued operations per share, diluted (in dollars per share) $ (4.56) $ (2.76)
Weighted-average common shares used to compute loss per share, basic (in shares) 2,379,972 1,979,634
Weighted-average common shares used to compute loss per share, diluted (in shares) 2,379,972 1,979,634