v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 21,567 $ 3,934
Accounts receivable, net of allowance for doubtful accounts of $86 at March 31, 2024 and December 31, 2023 637 550
Digital assets 19 75
Prepaid expenses and other current assets 385 374
Current assets of discontinued operation 28 28
Total current assets 22,636 4,961
Property and equipment, net 35 40
Right-of-use asset 1,325 1,451
Other assets 276 276
Total assets 24,272 6,728
Current liabilities:    
Accounts payable 5,070 7,836
Accrued expenses 239 437
Lease liability 656 629
Deferred revenue 1,012 1,258
PhunCoin deposits 1,202 1,202
Current maturities of long-term debt, net 0 4,936
Current liabilities of discontinued operation 0 205
Total current liabilities 8,179 16,503
Deferred revenue 611 651
Lease liability 857 1,031
Total liabilities 9,647 18,185
Commitments and contingencies (Note 7)
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 8,282,221 shares issued and 8,272,091 shares outstanding as of March 31, 2024; and 3,861,578 shares issued and 3,851,448 shares outstanding as of December 31, 2023 1 0
Treasury stock at cost; 10,130 shares at March 31, 2024 and December 31, 2023 (502) (502)
Additional paid-in capital 320,840 292,467
Accumulated other comprehensive loss (418) (418)
Accumulated deficit (305,296) (303,004)
Total stockholders’ equity (deficit) 14,625 (11,457)
Total liabilities and stockholders’ equity (deficit) $ 24,272 $ 6,728

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