v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net revenues $ 2,792 $ 4,758 $ 11,026 $ 17,021
Cost of revenues 2,597 3,963 10,014 12,935
Gross profit 195 795 1,012 4,086
Operating expenses:        
Sales and marketing 1,027 1,819 3,627 5,232
General and administrative 3,478 5,189 12,956 14,745
Research and development 1,042 1,665 4,026 4,544
Impairment of goodwill 13,188 0 14,391 0
Total operating expenses 18,735 8,673 35,000 24,521
Operating loss (18,540) (7,878) (33,988) (20,435)
Other income (expense):        
Interest expense (264) (991) (1,354) (1,645)
Loss on extinguishment of debt (237) 0 (237) 0
Impairment of digital assets 0 0 (50) (21,511)
Gain on sale of digital assets 0 1 5,310 195
Fair value adjustment of warrant liability 0 797 256 3,267
Other income, net 62 53 291 123
Total other income (expense), net (439) (140) 4,216 (19,571)
Loss before taxes (18,979) (8,018) (29,772) (40,006)
Income tax expense 0 0 0 0
Net loss (18,979) (8,018) (29,772) (40,006)
Other comprehensive income (loss):        
Cumulative translation adjustment (37) (84) 9 (201)
Comprehensive loss $ (19,016) $ (8,102) $ (29,763) $ (40,207)
Loss per share, basic (in dollars per share) $ (0.16) $ (0.08) $ (0.27) $ (0.41)
Loss per share, diluted (in dollars per share) $ (0.16) $ (0.08) $ (0.27) $ (0.41)
Weighted-average common shares used to compute loss per share, basic (in shares) 119,989 98,822 109,430 97,803
Weighted-average common shares used to compute loss per share, diluted (in shares) 119,989 98,822 109,430 97,803

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