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Certain Balance Sheet Items
6 Months Ended
Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]  
Certain Balance Sheet Items Certain Balance Sheet Items
The following table summarizes other current assets (in thousands):
June 30,
2023
December 31,
2022
Prepaid digital hosting services$1,265 $880 
Prepaid services611 927 
Prepaid insurance735 783 
Other585 461 
$3,196 $3,051 
The following table summarizes property and equipment, net (in thousands):
June 30,
2023
December 31,
2022
Mining equipment$31,600 $35,550 
Accumulated depreciation(3,298)(1,709)
Subtotal28,302 33,841 
Right of use asset393 418 
Property and equipment, net$28,695 $34,259 
Depreciation expense for property and equipment was $1.0 million and $0.5 million during the three months ended June 30, 2023 and 2022, respectively, inclusive of ROU asset amortization of $15,000 and nil, respectively. Depreciation expense for property and equipment was $1.6 million and $0.6 million during the six months ended June 30, 2023 and 2022, respectively, inclusive of ROU asset amortization of $25,000 and nil, respectively.
During the six months ended June 30, 2023, the Company sold 2,531 miners that were included in mining equipment, for cash proceeds of $3.7 million.
The following table summarizes other assets (in thousands):
June 30,
2023
December 31,
2022
Prepaid digital hosting services$20,637 $18,514 
Prepaid insurance and services49 116 
Other11 69 
$20,697 $18,699 
The following table summarizes other current liabilities (in thousands):
June 30,
2023
December 31,
2022
Advance from target for SPAC $898 $449 
Taxes payable for SPAC270254
Deferred revenue74160
Other108111
$1,350 $974