Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 112,974 $ 3,934
Accounts receivable, net of allowance for credit losses of $166 and $86 as of December 31, 2024 and 2023, respectively 276 550
Digital currencies 103 75
Prepaid expenses and other current assets 406 374
Current assets of discontinued operation 28
Total current assets 113,759 4,961
Non-current assets:    
Property and equipment, net 24 40
Right-of-use asset 840 1,451
Other assets 158 276
Total non-current assets 1,022 1,767
Total assets 114,781 6,728
Current liabilities:    
Accounts payable 3,754 7,836
Accrued expenses 148 437
Deferred revenue 1,034 1,258
Lease liability 313 629
Current maturities of debt 4,936
PhunCoin subscription payable 1,202 1,202
Current liabilities of discontinued operation 205
Total current liabilities 6,451 16,503
Deferred revenue 528 651
Lease liability 619 1,031
Total noncurrent liabilities 1,147 1,682
Total liabilities 7,598 18,185
Commitments and contingencies (See Note 10)
Stockholders' equity (deficit)    
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 20,166,665 shares issued and 20,156,535 shares outstanding as of December 31, 2024; and 3,861,578 shares issued and 3,851,448 shares outstanding as of December 31, 2023 2
Treasury Stock (502) (502)
Additional paid-in capital 421,003 292,467
Accumulated other comprehensive loss (418)
Accumulated deficit (313,320) (303,004)
Total stockholders' equity (deficit) 107,183 (11,457)
Total liabilities and stockholders' equity (deficit) $ 114,781 $ 6,728