v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 2,857 $ 1,955
Accounts receivable, net of allowance for doubtful accounts of $68 and $198 at September 30, 2023 and December 31, 2022, respectively 1,053 958
Inventory 899 2,780
Digital assets 75 10,137
Prepaid expenses and other current assets 599 1,033
Total current assets 5,483 16,863
Property and equipment, net 165 221
Goodwill 16,731 31,113
Intangible assets, net 2,023 2,524
Right-of-use asset 3,041 3,712
Other assets 367 402
Total assets 27,810 54,835
Current liabilities:    
Accounts payable 7,969 7,699
Accrued expenses 946 2,895
Lease liability 1,008 954
Deferred revenue 1,516 2,904
PhunCoin deposits 1,202 1,202
Current maturities of long-term debt, net 5,563 9,667
Warrant liability 0 256
Total current liabilities 18,204 25,577
Deferred revenue 743 1,274
Lease liability 2,308 3,103
Total liabilities 21,255 29,954
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 129,062,144 shares issued and 128,555,644 shares outstanding as of September 30, 2023 and 103,153,337 shares issued and outstanding as of December 31, 2022, respectively 13 10
Treasury stock at cost; 506,500 and 0 shares at September 30, 2023 and December 31, 2022, respectively (502) 0
Additional paid-in capital 287,498 275,562
Accumulated other comprehensive loss (463) (472)
Accumulated deficit (279,991) (250,219)
Total stockholders’ equity 6,555 24,881
Total liabilities and stockholders’ equity $ 27,810 $ 54,835

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