Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 35,537 $ 3,934
Accounts receivable, net of allowance for credit losses of $118 and $86 as of September 30, 2024 and December 31, 2023, respectively 1,078 550
Digital currencies 19 75
Prepaid expenses and other current assets 3,133 374
Current assets of discontinued operation 28
Total current assets 39,767 4,961
Property and equipment, net 27 40
Right-of-use asset 943 1,451
Other assets 276 276
Total assets 41,013 6,728
Current liabilities:    
Accounts payable 4,776 7,836
Accrued expenses 3,005 437
Lease liability 339 629
Deferred revenue 1,153 1,258
PhunCoin subscription payable 1,202 1,202
Debt 4,936
Current liabilities of discontinued operation 205
Total current liabilities 10,475 16,503
Deferred revenue 713 651
Lease liability 700 1,031
Total liabilities 11,888 18,185
Commitments and contingencies (see Note 7)
Stockholders' equity (deficit)    
Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 11,748,780 shares issued and 11,738,650 shares outstanding as of September 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 September 30, 2024 and December 31, 2023 (502) (502)
Additional paid-in capital 340,731 292,467
Accumulated other comprehensive loss (418) (418)
Accumulated deficit (310,687) (303,004)
Total stockholders' equity (deficit) 29,125 (11,457)
Total liabilities and stockholders' equity (deficit) $ 41,013 $ 6,728