Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net revenues $ 5,485 $ 1,436 $ 12,263 $ 3,082
Cost of revenues 3,965 1,124 8,972 1,816
Gross profit 1,520 312 3,291 1,266
Operating expenses:        
Sales and marketing 1,928 639 3,413 1,195
General and administrative 5,251 3,021 9,556 5,779
Research and development 1,876 846 2,879 1,898
Total operating expenses 9,055 4,506 15,848 8,872
Operating loss (7,535) (4,194) (12,557) (7,606)
Other income (expense):        
Interest expense (273) (1,845) (654) (4,064)
Loss on extinguishment of debt 0 (2,184) 0 (7,952)
Impairment of digital assets (12,158) (776) (21,511) (776)
Fair value adjustment of warrant liability 2,682 1,180 2,469 (1,649)
Other income (expense), net 213 43 265 (36)
Total other expense (9,536) (3,582) (19,431) (14,477)
Loss before taxes (17,071) (7,776) (31,988) (22,083)
Income tax expense 0 0 0 0
Net loss (17,071) (7,776) (31,988) (22,083)
Other comprehensive income (loss):        
Cumulative translation adjustment (85) 5 (117) 15
Comprehensive loss $ (17,156) $ (7,771) $ (32,105) $ (22,068)
Net loss per share, basic (in dollars per share) $ (0.17) $ (0.11) $ (0.33) $ (0.32)
Net loss per share, diluted (in dollars per share) $ (0.17) $ (0.11) $ (0.33) $ (0.32)
Weighted-average common shares used to compute net loss per share, basic (in shares) 97,742 71,620 97,293 68,103
Weighted-average common shares used to compute net loss per share, diluted (in shares) 97,742 71,620 97,293 68,103