v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net revenues $ 4,758 $ 2,160 $ 17,021 $ 5,242
Cost of revenues 3,963 1,026 12,935 2,842
Gross profit 795 1,134 4,086 2,400
Operating expenses:        
Sales and marketing 1,819 715 5,232 1,910
General and administrative 5,189 3,296 14,745 9,075
Research and development 1,665 1,160 4,544 3,058
Total operating expenses 8,673 5,171 24,521 14,043
Operating loss (7,878) (4,037) (20,435) (11,643)
Other income (expense):        
Interest (expense) income (991) 7 (1,645) (4,057)
Loss on extinguishment of debt 0 0 0 (7,952)
Impairment of digital assets 0 0 (21,511) (776)
Fair value adjustment of warrant liability 797 1,501 3,267 (148)
Gain on forgiveness of PPP loan 0 2,850 0 2,850
Other income, net 54 51 318 15
Total other (expense) income (140) 4,409 (19,571) (10,068)
(Loss) income before taxes (8,018) 372 (40,006) (21,711)
Income tax expense 0 0 0 0
Net (loss) income (8,018) 372 (40,006) (21,711)
Other comprehensive (loss) income:        
Cumulative translation adjustment (84) (33) (201) (18)
Comprehensive (loss) income $ (8,102) $ 339 $ (40,207) $ (21,729)
Net (loss) income per share, basic (in dollars per share) $ (0.08) $ 0.01 $ (0.41) $ (0.31)
Net (loss) income per common share, diluted (in dollars per share) $ (0.08) $ 0 $ (0.41) $ (0.31)
Weighted-average common shares used to compute net (loss) income per share, basic (in shares) 98,822 74,347 97,803 70,185
Weighted-average common shares used to compute net (loss) income per share, diluted (in shares) 98,822 74,699 97,803 70,185

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