XML 11 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Condensed Consolidated Statements of Operations        
Revenues $ 7,491 $ 13,512 $ 24,543 $ 43,881
Operating expenses:        
Cost of revenues 636 1,156 2,312 3,657
Engineering and product development 1,111 1,186 3,663 3,764
Sales and marketing 3,121 2,976 9,316 10,107
General and administrative 8,013 3,129 18,048 8,962
DOJ settlement     29,750  
Total operating expenses 12,881 8,447 63,089 26,490
(Loss) income from operations (5,390) 5,065 (38,546) 17,391
Interest (expense) income, net (1,575) 168 (3,526) 1,699
Impairment of investments     (1,135) 128
Change in fair value of intangible digital assets 28,490 1,137 70,422 (3,918)
Change in fair value of Bitcoin collateral 1,471   1,471  
Gain on redemption of notes receivable 803   803  
Other income 4 5 7 8
Other income (expense), net 29,193 1,310 68,042 (2,083)
Pre-tax income 23,803 6,375 29,496 15,308
Income tax provision 6,901 766 10,364 3,615
Net income $ 16,902 $ 5,609 $ 19,132 $ 11,693
Net income per share, basic $ 1.14 $ 0.8 $ 1.58 $ 1.68
Weighted average number of shares used in computing basic net income per share 14,848,408 7,045,108 12,073,628 6,961,095
Net income per share, diluted $ 1.07 $ 0.72 $ 1.55 $ 1.5
Weighted average number of shares used in computing diluted net income per share 16,545,198 7,771,088 13,706,067 7,783,350