Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 694 $ 1,955
Accounts receivable, net of allowance for doubtful accounts of $198 at March 31, 2023 and December 31, 2022, respectively 1,200 958
Inventory 2,671 2,780
Digital assets 2,530 10,137
Prepaid expenses and other current assets 807 1,033
Total current assets 7,902 16,863
Property and equipment, net 206 221
Goodwill 31,136 31,113
Intangible assets, net 2,357 2,524
Right-of-use asset 3,489 3,712
Other assets 367 402
Total assets 45,457 54,835
Current liabilities:    
Accounts payable 7,765 7,699
Accrued expenses 2,506 2,895
Lease liability 961 954
Deferred revenue 1,512 2,904
PhunCoin deposits 1,202 1,202
Current maturities of long-term debt, net 5,687 9,667
Warrant liability 3 256
Total current liabilities 19,636 25,577
Deferred revenue 1,072 1,274
Lease liability 2,848 3,103
Total liabilities 23,556 29,954
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 104,469,310 shares issued and 104,007,810 shares outstanding as of March 31, 2023 and 103,153,337 shares issued and outstanding as of December 31, 2022, respectively 10 10
Treasury stock at cost; 461,500 and 0 shares at March 31, 2023 and December 31, 2022, respectively (475) 0
Additional paid-in capital 277,303 275,562
Accumulated other comprehensive loss (449) (472)
Accumulated deficit (254,488) (250,219)
Total stockholders’ equity 21,901 24,881
Total liabilities and stockholders’ equity $ 45,457 $ 54,835