XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 11,693 $ 16,362
Reconciliation of Net Income to Net Cash Provided by Operating Activities:    
Depreciation 480 439
Deferred tax expense (353) (478)
Loss on disposal of assets for lease 323 355
Loss on disposal of inventory   171
Gain on short-term investments   (307)
Allowance for credit losses (21) 203
Change in fair value of notes held for investment (128) 217
Change in fair value of digital assets 3,918  
Stock-based compensation 498 907
Changes in Operating Assets and Liabilities:    
Trade accounts receivable (512) (2,284)
Inventory 65 30
Prepaid expenses and other current assets 388 (478)
Other non-current assets 64 98
Accounts payable 143 (535)
Accrued expenses 756 2,250
Other current and non-current liabilities (16) (22)
Deferred revenue (315) (40)
Net Cash Provided by Operating Activities 16,983 16,888
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property and equipment (48) (310)
Purchase of notes held for investment (500) (1,000)
Purchase of digital assets (68,400)  
Proceeds from maturities of short-term investments   59,719
Purchase of short-term investments   (57,869)
Purchase of assets for lease (35) (773)
Net Cash Used in Investing Activities (68,983) (233)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of warrants   (1,949)
Proceeds from issuance of common stock 2,536  
Taxes paid related to net settlement of equity awards (874) (247)
Stock issuance expenses (588)  
Proceeds from exercise of stock options 295 24
Net Cash Provided by (Used in) Financing Activities 1,369 (2,172)
(DECREASE) INCREASE IN CASH (50,631) 14,483
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 57,332 23,014
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 6,701 $ 37,497