Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 2,705 $ 23,137
Accounts receivable, net of allowance for doubtful accounts of $0 and $10 at June 30, 2022 and December 31, 2021, respectively 803 967
Inventory 3,528 2,636
Digital assets, net 12,592 32,581
Prepaid expenses and other current assets 1,188 686
Total current assets 20,816 60,007
Property and equipment, net 145 0
Goodwill 33,142 33,260
Intangible assets, net 2,858 3,213
Deferred tax asset 1,278 1,278
Right-of-use asset 2,595 1,260
Other assets 402 276
Total assets 61,236 99,294
Current liabilities:    
Accounts payable 7,510 6,589
Accrued expenses 6,953 9,621
Lease liability 614 399
Deferred revenue 1,715 3,973
PhunCoin deposits 1,203 1,202
Current maturities of long-term debt, net 2,031 4,904
Warrant liability 1,136 3,605
Total current liabilities 21,162 30,293
Deferred tax liability 1,278 1,278
Deferred revenue 859 1,299
Lease liability 2,244 1,147
Total liabilities 25,543 34,017
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized at June 30, 2022 and December 31, 2021; 98,137,070 and 96,751,610 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 10 10
Additional paid-in capital 267,465 264,944
Accumulated other comprehensive loss (469) (352)
Accumulated deficit (231,313) (199,325)
Total stockholders’ equity 35,693 65,277
Total liabilities and stockholders’ equity $ 61,236 $ 99,294