Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 8,538 $ 23,137
Accounts receivable, net of allowance for doubtful accounts of $0 and $10 at September 30, 2022 and December 31, 2021, respectively 1,714 967
Inventory, net 3,236 2,636
Digital assets, net 12,617 32,581
Prepaid expenses and other current assets 809 686
Total current assets 26,914 60,007
Property and equipment, net 207 0
Goodwill 33,058 33,260
Intangible assets, net 2,691 3,213
Deferred tax asset 1,278 1,278
Right-of-use asset 3,929 1,260
Other assets 402 276
Total assets 68,479 99,294
Current liabilities:    
Accounts payable 7,514 6,589
Accrued expenses 5,599 9,621
Lease liability 949 399
Deferred revenue 1,650 3,973
PhunCoin deposits 1,203 1,202
Current maturities of long-term debt, net 12,691 4,904
Warrant liability 338 3,605
Total current liabilities 29,944 30,293
Deferred tax liability 1,278 1,278
Deferred revenue 1,158 1,299
Lease liability 3,316 1,147
Total liabilities 35,696 34,017
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized at September 30, 2022 and December 31, 2021; 101,321,268 and 96,751,610 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 10 10
Additional paid-in capital 272,657 264,944
Accumulated other comprehensive loss (553) (352)
Accumulated deficit (239,331) (199,325)
Total stockholders’ equity 32,783 65,277
Total liabilities and stockholders’ equity $ 68,479 $ 99,294