v3.21.1
Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 23,469 $ 3,940
Accounts receivable, net of allowance for doubtful accounts of $122 and $356 at March 31, 2021 and December 31, 2020, respectively 937 664
Digital currencies 1,098 0
Prepaid expenses and other current assets 794 304
Total current assets 26,298 4,908
Property and equipment, net 12 13
Goodwill 25,911 25,900
Intangible assets, net 79 111
Deferred tax asset 537 537
Restricted cash 91 91
Right-of-use asset 1,723 0
Other assets 276 276
Total assets 54,927 31,836
Current liabilities:    
Accounts payable 7,781 8,462
Accrued expenses 3,190 5,353
Accrued legal settlement 3,000 3,000
Lease liability 530 0
Deferred revenue 2,180 2,397
PhunCoin deposits 1,202 1,202
Current maturities of long-term debt, net 10,012 4,435
Warrant liability 2,499 1,614
Total current liabilities 30,394 26,463
Long-term debt 3,741 3,762
Long-term debt - related party 195 195
Deferred tax liability 537 537
Deferred revenue 2,054 2,678
Lease liability 1,447 0
Deferred rent 0 180
Total liabilities 38,368 33,815
Commitments and contingencies
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized at March 31, 2021 and December 31, 2020; 71,211,399 and 56,380,111 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 7 6
Additional paid-in capital 175,046 144,156
Accumulated other comprehensive loss (328) (338)
Accumulated deficit (158,166) (145,803)
Total stockholders’ equity (deficit) 16,559 (1,979)
Total liabilities and stockholders’ equity (deficit) $ 54,927 $ 31,836

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