Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 1,105 $ 1,955
Accounts receivable, net of allowance for doubtful accounts of $100 and $198 at June 30, 2023 and December 31, 2022, respectively 863 958
Inventory 2,168 2,780
Digital assets 71 10,137
Prepaid expenses and other current assets 624 1,033
Total current assets 4,831 16,863
Property and equipment, net 188 221
Goodwill 29,956 31,113
Intangible assets, net 2,190 2,524
Right-of-use asset 3,258 3,712
Other assets 367 402
Total assets 40,790 54,835
Current liabilities:    
Accounts payable 8,350 7,699
Accrued expenses 1,542 2,895
Lease liability 968 954
Deferred revenue 1,092 2,904
PhunCoin deposits 1,202 1,202
Current maturities of long-term debt, net 6,094 9,667
Warrant liability 0 256
Total current liabilities 19,248 25,577
Deferred revenue 1,050 1,274
Lease liability 2,584 3,103
Total liabilities 22,882 29,954
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 107,565,124 shares issued and 107,058,624 shares outstanding as of June 30, 2023 and 103,153,337 shares issued and outstanding as of December 31, 2022, respectively 11 10
Treasury stock at cost; 506,500 and 0 shares at June 30, 2023 and December 31, 2022, respectively (502) 0
Additional paid-in capital 279,837 275,562
Accumulated other comprehensive loss (426) (472)
Accumulated deficit (261,012) (250,219)
Total stockholders’ equity 17,908 24,881
Total liabilities and stockholders’ equity $ 40,790 $ 54,835