Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 20,369 $ 3,934
Accounts receivable, net of allowance for doubtful accounts of $86 at June 30, 2024 and December 31, 2023 972 550
Digital currencies 19 75
Prepaid expenses and other current assets 293 374
Current assets of discontinued operation 28
Total current assets 21,653 4,961
Property and equipment, net 31 40
Right-of-use asset 1,108 1,451
Other assets 276 276
Total assets 23,068 6,728
Current liabilities:    
Accounts payable 4,787 7,836
Accrued expenses 293 437
Lease liability 429 629
Deferred revenue 975 1,258
PhunCoin subscription payable 1,202 1,202
Debt 4,936
Current liabilities of discontinued operation 205
Total current liabilities 7,686 16,503
Deferred revenue 512 651
Lease liability 780 1,031
Total liabilities 8,978 18,185
Commitments and contingencies (see Note 7)
Stockholders’ equity (deficit)    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 8,620,380 shares issued and 8,610,250 shares outstanding as of June 30, 2024; and 3,861,578 shares issued and 3,851,448 shares outstanding as of December 31, 2023 1
Treasury Stock at cost; 10,130 shares as of June 30, 2024 and December 31, 2023 (502) (502)
Additional paid-in capital 322,936 292,467
Accumulated other comprehensive loss (418) (418)
Accumulated deficit (307,927) (303,004)
Total stockholders’ equity (deficit) 14,090 (11,457)
Total liabilities and stockholders’ equity (deficit) $ 23,068 $ 6,728