Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.23.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net revenues $ 4,747 $ 6,778
Cost of revenues 4,386 5,007
Gross profit 361 1,771
Operating expenses:    
Sales and marketing 1,128 1,485
General and administrative 4,712 4,305
Research and development 1,772 1,003
Total operating expenses 7,612 6,793
Operating loss (7,251) (5,022)
Other income (expense):    
Interest expense (537) (381)
Impairment of digital assets (50) (9,353)
Gain on sale of digital assets 3,214 26
Fair value adjustment of warrant liability 253 (213)
Other income, net 102 26
Total other income (expense) 2,982 (9,895)
Loss before taxes (4,269) (14,917)
Income tax expense 0 0
Net loss (4,269) (14,917)
Other comprehensive income (loss):    
Cumulative translation adjustment 23 (32)
Comprehensive loss $ (4,246) $ (14,949)
Loss per share, basic (in dollars per share) $ (0.04) $ (0.15)
Loss per share, diluted (in dollars per share) $ (0.04) $ (0.15)
Weighted-average common shares used to compute loss per share, basic (in shares) 103,169 96,844
Weighted-average common shares used to compute loss per share, diluted (in shares) 103,169 96,844