Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 10,815 $ 23,137
#REF! 1,219 967
Inventory 4,699 2,636
Digital assets 24,244 32,581
Prepaid expenses and other current assets 1,294 686
Total current assets 42,271 60,007
Property and equipment, net 77 0
Goodwill 33,227 33,260
Intangible assets, net 3,030 3,213
Deferred tax asset 1,278 1,278
Right-of-use asset 1,186 1,260
Other assets 354 276
Total assets 81,423 99,294
Current liabilities:    
Accounts payable 6,809 6,589
Accrued expenses 7,114 9,621
Lease liability 424 399
Deferred revenue 3,263 3,973
PhunCoin deposits 1,203 1,202
Current maturities of long-term debt, net 3,493 4,904
Warrant liability 3,818 3,605
Total current liabilities 26,124 30,293
Deferred tax liability 1,278 1,278
Deferred revenue 1,008 1,299
Lease liability 1,023 1,147
Total liabilities 29,433 34,017
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized at March 31, 2022 and December 31, 2021; 97,250,520 and 96,751,610 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 10 10
Additional paid-in capital 266,606 264,944
Accumulated other comprehensive loss (384) (352)
Accumulated deficit (214,242) (199,325)
Total stockholders’ equity 51,990 65,277
Total liabilities and stockholders’ equity $ 81,423 $ 99,294