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Discontinued Operations | 6 Months Ended
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Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Note 4 – Discontinued Operations On January 23, 2024, the Company sold all of its cryptocurrency miners (the “Mining Equipment”) for consideration consisting of (i) $1.0 million in cash and (ii) $1.0 million in deferred cash payments (the “Deferred Purchase Price”), to be paid out of (a) 20% of the monthly net revenues received by the buyer associated with or otherwise attributable to the Mining Equipment until the aggregate amount of such payments equals $250,000 and (b) thereafter, 50% of the monthly net revenues received by the buyer associated with or otherwise attributable to the Mining Equipment until the aggregate amount of such payments equals the Deferred Purchase Price, plus accrued interest (collectively, the “Crypto Sale”). As of June 30, 2025 and December 31, 2024, the Company presents the Deferred Purchase Price payment as a note receivable on its condensed consolidated balance sheet, of which $0.4 million and $0.5 million, respectively, is classified as current, and of which less than $0.1 million and $0.2 million, respectively, is classified as non-current, based on when the payments are expected. The Company recognized a loss of $1.0 million related to this disposition on its condensed consolidated statement of operations and statement of cash flows for the six months ended June 30, 2024. The following table presents the major classes of line items constituting the loss from discontinued operations on the Company’s condensed consolidated statement of operations and condensed consolidated statement of cash flows for the periods presented: Schedule of Loss from Discontinued Operations in Financial Statements
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (In thousands) |
Cryptocurrency mining revenue |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 193 |
Cryptocurrency mining costs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (55 | )
Depreciation and amortization |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (102 | )
Loss from sale of cryptocurrency mining equipment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,081 | )
Loss from discontinued operations before income taxes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,045 | )
Provision for income taxes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net loss from discontinued operations |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1,045 | )
Loss per share – discontinued operations, basic and diluted |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (0.10 | )

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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