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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from Operating Activities:    
Net Income $ 3,143 $ 4,073
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Derivative liabilities 2,701  
Amortization of deferred financing costs 962 456
Accretion to Contingent earn-out liability 159 893
Depreciation and amortization 9,554 14,365
Loss on Series A Preferred Share PIPE Issuance 8,863  
Non-cash stock compensation 2,941 909
Purchase of services in cryptocurrencies 525 3,444
Deferred taxes (1,534) (1,392)
Loss on finance lease modification 1,717  
Loss on disposal of property and equipment 708  
Reduction in carrying amount of right-of-use assets 76 59
Cryptocurrency received as payment (950) (3,300)
Change in operating assets and liabilities:    
Deposits (461)  
Accounts receivable, net (29) (69)
Income tax receivable   27
Cryptocurrencies 147 1,172
Prepaid expenses and other current assets (2,373) 185
Accounts payable (3,373) (2,462)
Accrued expenses 10,178 3,122
Income taxes payable 681 490
Deferred revenue 49 123
Operating leases, net (114) (104)
Net Cash Flows Provided by Operations 33,570 21,991
Cash flows from Investing Activities:    
Acquisition of property and equipment (5) (967)
Acquisition of BitAccess, net of cash received (2,000) (2,000)
Net Cash Flows Used In Investing Activities (2,005) (2,967)
Cash flows from Financing Activities:    
Net Proceeds from Merger 3,343  
PIPE commitment fees paid (933)  
Proceeds from stock subscription receivable 4  
Proceeds from issuance of note payable   5,000
Principal payments on note payable (18,926) (4,531)
Principal payments finance lease (8,809) (12,751)
Payment of deferred financing costs (1,149) (210)
Distributions (12,984) (5,829)
Net Cash Flows Used In Financing Activities (39,454) (18,321)
Effect of exchange rate changed on cash and cash equivalents 15 (403)
Net change in cash and cash equivalents (7,874) 300
Cash and cash equivalents - beginning of period 37,540 38,028
Cash and cash equivalents - end of period 29,666 38,328
Cash paid during the nine months ended September 30 for:    
Interest 9,121 8,287
Income taxes $ 362 $ 349