Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net revenues $ 3,487 $ 5,485 $ 8,234 $ 12,263
Cost of revenues 3,031 3,965 7,417 8,972
Gross profit 456 1,520 817 3,291
Operating expenses:        
Sales and marketing 1,472 1,928 2,600 3,413
General and administrative 4,766 5,251 9,478 9,556
Research and development 1,212 1,876 2,984 2,879
Impairment of goodwill 1,203 0 1,203 0
Total operating expenses 8,653 9,055 16,265 15,848
Operating loss (8,197) (7,535) (15,448) (12,557)
Other income (expense):        
Interest expense (553) (273) (1,090) (654)
Impairment of digital assets 0 (12,158) (50) (21,511)
Gain on sale of digital assets 2,096 168 5,310 194
Fair value adjustment of warrant liability 3 2,682 256 2,469
Other income, net 127 45 229 71
Total other income (expense), net 1,673 (9,536) 4,655 (19,431)
Loss before taxes (6,524) (17,071) (10,793) (31,988)
Income tax expense 0 0 0 0
Net loss (6,524) (17,071) (10,793) (31,988)
Other comprehensive income (loss):        
Cumulative translation adjustment 23 (85) 46 (117)
Comprehensive loss $ (6,501) $ (17,156) $ (10,747) $ (32,105)
Loss per share, basic (in dollars per share) $ (0.06) $ (0.17) $ (0.10) $ (0.33)
Loss per share, diluted (in dollars per share) $ (0.06) $ (0.17) $ (0.10) $ (0.33)
Weighted-average common shares used to compute loss per share, basic (in shares) 105,133 97,742 104,151 97,293
Weighted-average common shares used to compute loss per share, diluted (in shares) 105,133 97,742 104,151 97,293