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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 6,084 $ 10,848
Reconciliation of Net Income to Net Cash Provided by Operating Activities:    
Depreciation 346 279
Deferred tax expense (163) (207)
Loss on disposal of assets for lease 319 114
Gain on short-term investments   (237)
Allowance for credit losses (44) 92
Change in fair value of notes held for investment (128) 217
Change in fair value of digital assets 5,055  
Stock-based compensation 295 860
Changes in Operating Assets and Liabilities:    
Trade accounts receivable (1,292) (2,240)
Inventory 60 (7)
Prepaid expenses and other current assets (135) (950)
Other non-current assets 43 106
Accounts payable (175) (326)
Accrued expenses 584 3,495
Other current and non-current liabilities (291) 13
Net Cash Provided by Operating Activities 10,558 12,057
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment (48) (260)
Purchase of notes held for investment (500) (500)
Purchase of digital assets (60,000)  
Proceeds from maturities of short-term investments   57,707
Purchase of short-term investments   (49,728)
Purchase of assets for lease   (674)
Net Cash (Used in) Provided by Investing Activities (60,548) 6,545
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of warrants   (1,949)
Taxes paid related to net settlement of equity awards (45) (172)
Stock issuance expenses (102)  
Proceeds from exercise of stock options 269  
Net Cash Provided by (Used in) Financing Activities 122 (2,121)
(DECREASE) INCREASE IN CASH (49,868) 16,481
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 57,332 23,014
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 7,464 $ 39,495