v3.21.2
Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 882 $ 3,940
Accounts receivable, net of allowance for doubtful accounts of $606 and $356 at September 30, 2021 and December 31, 2020, respectively 1,223 664
Digital currencies 789 0
Prepaid expenses and other current assets 745 304
Total current assets 3,639 4,908
Property and equipment, net 0 13
Goodwill 25,883 25,900
Intangible assets, net 38 111
Deferred tax asset 537 537
Restricted cash 91 91
Right-of-use asset 1,486 0
Other assets 276 276
Total assets 31,950 31,836
Current liabilities:    
Accounts payable 7,085 8,462
Accrued expenses 2,417 5,353
Accrued legal settlement 0 3,000
Lease liability 486 0
Deferred revenue 1,815 2,397
PhunCoin deposits 1,202 1,202
Current maturities of long-term debt, net 83 4,435
Warrant liability 1,762 1,614
Total current liabilities 14,850 26,463
Long-term debt 849 3,762
Long-term debt - related party 195 195
Deferred tax liability 537 537
Deferred revenue 1,262 2,678
Lease liability 1,232 0
Deferred rent 0 180
Total liabilities 18,925 33,815
Commitments and contingencies
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized at September 30, 2021 and December 31, 2020; 75,556,118 and 56,380,111 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 8 6
Additional paid-in capital 180,887 144,156
Accumulated other comprehensive loss (356) (338)
Accumulated deficit (167,514) (145,803)
Total stockholders’ equity (deficit) 13,025 (1,979)
Total liabilities and stockholders’ equity (deficit) $ 31,950 $ 31,836

Source