Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.23.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Net revenues $ 21,794 $ 10,643
Cost of revenues 16,718 7,030
Gross profit 5,076 3,613
Operating expenses:    
Sales and marketing 6,814 3,022
General and administrative 19,554 13,256
Research and development 6,149 4,179
Impairment of goodwill 2,061 0
Total operating expenses 34,578 20,457
Operating loss (29,502) (16,844)
Other income (expense):    
Interest expense (2,406) (4,481)
Loss on extinguishment of debt 0 (7,952)
Impairment of digital assets (22,911) (9,383)
Fair value adjustment for warrant liabilities 3,349 (18,139)
Gain on forgiveness of Paycheck Protection Program ("PPP") loan 0 2,850
Other income, net 580 1
Total other expense (21,388) (37,104)
Loss before taxes (50,890) (53,948)
Income tax (expense) benefit (4) 426
Net loss (50,894) (53,522)
Cumulative translation adjustment (120) (14)
Comprehensive loss $ (51,014) $ (53,536)
Loss per share, basic (in dollars per share) $ (0.51) $ (0.71)
Loss per share, diluted (in dollars per share) $ (0.51) $ (0.71)
Weighted-average common shares used to compute net loss per share, basic (in shares) 98,982 75,447
Weighted-average common shares used to compute net loss per share, diluted (in shares) 98,982 75,447