Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 1,955 $ 23,137
Accounts receivable, net of allowance for doubtful accounts of $198 and $10 at December 31, 2022 and 2021, respectively 958 967
Inventory 2,780 2,636
Digital assets 10,137 32,581
Prepaid expenses and other current assets 1,033 686
Total current assets 16,863 60,007
Property and equipment, net 221 0
Goodwill 31,113 33,260
Intangible assets, net 2,524 3,213
Right-of-use asset 3,712 1,260
Other assets 402 276
Total assets 54,835 98,016
Current liabilities:    
Accounts payable 7,699 6,589
Accrued expenses 2,895 9,621
Lease liability 954 399
Deferred revenue 2,904 3,973
PhunCoin deposits 1,202 1,202
Current maturities of long-term debt, net 9,667 4,904
Warrant liability 256 3,605
Total current liabilities 25,577 30,293
Deferred revenue 1,274 1,299
Lease liability 3,103 1,147
Total liabilities 29,954 32,739
Commitments and contingencies (Note 10)
Stockholders’ equity    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized at December 31, 2022 and 2021; 103,153,337 and 96,751,610 shares issued and outstanding as of December 31, 2022 and 2021, respectively 10 10
Additional paid-in capital 275,562 264,944
Accumulated other comprehensive loss (472) (352)
Accumulated deficit (250,219) (199,325)
Total stockholders’ equity 24,881 65,277
Total liabilities and stockholders’ equity $ 54,835 $ 98,016