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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:        
Net loss $ (7,755) $ (31,284) $ (33,780) [1] $ (30,451) [2]
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 31 19 28 25
Stock-based compensation expense 447 1,446 1,475 [3] 1,865 [4]
Stock warrant expense 33 8,385 9,207 [5] 8,073 [6]
Change in fair value of warrant liabilities 5 (129) [7] [8]
Board of director warrant expense     1,198 [9]
Change in fair value of PIPE Notes (44) 269 [10]
Change in fair value of Yorkville Note 561    
Change in fair value of Bitcoin 124    
Realized loss on sale of Bitcoin 51    
Gain on forgiveness of CEBA loan (15)    
Non-cash interest 96 11 [11]
Change in fair value of convertible promissory notes 17,872 17,517 [12] 14,616 [13]
Change in operating assets and liabilities:        
Accounts receivable 89 (86) (133) 73
Prepaid expenses and other current assets 15 14 (43) [14],[15] (59) [16]
Accounts payable & accrued expenses 1,232 340 717 [14],[15],[17] 415 [16],[18]
Deferred revenues 174 228 70 (458)
Net cash used in operating activities (4,956) (3,066) (4,791) (4,703)
Cash flows from investing activities:        
Purchases of property and equipment (16) (28) (44) (58)
Purchases of Bitcoin (2,800)    
Sales of Bitcoin 469    
Net cash used in investing activities (2,347) (28) (44) (58)
Cash flows from financing activities:        
Proceeds from private placements, net of issuance costs 6,270    
Proceeds from issuance of shareholder loans 2,000 704 454 [11]
Proceeds from issuance of pipe notes     1,500 [19]
Proceeds from issuance of Yorkville Note, net of issuance costs 1,350    
Proceeds from line of credit borrowings 500    
Repayment of shareholder loan (200)    
Repayment of line of credit borrowings (500)    
Repayment for common stock repurchase (100)    
Repayment of deferred underwriter fees (100)    
Repayment of CEBA loan (30)    
Proceeds from issuance of convertible notes 3,875 4,175 [12] 5,140 [13]
Proceeds from issuance of Series A-2 preferred stock 16 16
Proceeds from exercise of stock options     8
Business Combination costs (1,160) (1,534) [14] (815) [16]
Net cash provided by financing activities 9,190 3,435 4,611 4,333
Net decrease in cash and cash equivalents 1,887 341 (224) (428)
Cash and cash equivalents at beginning year 47 271 271 699
Cash and cash equivalents at end of year 1,934 612 47 271
Supplemental disclosures of non-cash investing and financing activities:        
Common shares issued to preferred shareholders     17,659
Common shares related to convertible promissory notes     47,935 [14]
Common shares issued to Data Knights shareholders     $ (11,937) [14]
Issuance of common stock to settle deferred underwriter fee payable 242    
Consideration for repurchase of common stock included in accounts payable and accrued expenses $ (429)    
[1] Accumulated effects of adjustments due to the restatement of the consolidated statement of operations for the year ended December 31, 2023.
[2] Accumulated effects of adjustments due to the restatement of the consolidated statement of operations for the year ended December 31, 2022.
[3] Impact of errors related to improper valuation of stock compensation expense.
[4] Impact of errors related to improper valuation of stock compensation expense.
[5] Impact of errors related to the identification, classification and valuation of equity-classified warrants.
[6] Impact of errors related to the identification, classification and valuation of equity-classified warrants.
[7] Impact of errors related to valuation of liability classified warrant values and the corresponding changes in fair value reflected in the consolidated statements of operations.
[8] Impact of improper recognition of Data Knights income tax provision, liability classified warrants and unrealized gain/loss prior to the closing of the Business Combination.
[9] Impact of errors related to the identification, classification and valuation of equity-classified warrants.
[10] Impact of errors related to the valuation of the PIPE notes containing certain embedded features that were not previously considered, which are now accounted for under the FVO with changes in fair value reflected in the consolidated statements of operations (including interest expense).
[11] Impact of improper presentation of non-cash interest expense in financing activities.
[12] Impact of errors related to the valuation of the convertible promissory notes containing certain embedded features that were not previously considered, which are now accounted for under the FVO (including accrued interest).
[13] Impact of errors related to the valuation of the convertible promissory notes containing certain embedded features that were not previously considered, which are now accounted for under the FVO (including accrued interest).
[14] Includes impact of errors related to the accounting for the Business Combination. Management did not properly assess the Business Combination and associated recapitalization of the shares. Additionally, an impairment charge was erroneously included in the initial filed financial statements.
[15] Includes impact of improper inclusion of Data Knights financial information as of December 31, 2022 prior to the closing of the Business Combination.
[16] Impact of improper inclusion of Data Knights financial information as of December 31, 2022 prior to the closing of the Business Combination.
[17] Includes current year and prior year impact of errors related to improper cutoff of accounts payable and accrued expenses. Refer to balance sheet restatement reconciliation for more information.
[18] Current year and prior year impact of errors related to improper cutoff of accounts payable and accrued expenses. Refer to balance sheet restatement reconciliation for more information.
[19] Impact of errors related to the valuation of the PIPE notes containing certain embedded features that were not previously considered, which are now accounted for under the FVO.