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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Cash and cash equivalents $ 506 $ 1,337
Digital assets 626 1,695
Restricted cash 202 206
Accounts receivable, net 148 174
Note receivable, net of allowance for credit losses of $3,821 and $0, respectively 0 3,821
Other current assets 3,196 3,051
Total current assets 4,678 10,284
Property and equipment, net 28,695 34,259
Total intangible assets, net 8,666 9,477
Funds held in trust account 8,542 10,297
Other assets 20,697 18,699
Total assets 71,278 83,016
Accounts payable 2,729 2,993
Accrued liabilities 1,794 1,537
Accrued payroll and employee compensation 458 696
Warrant liabilities 579 0
Convertible debt 250 0
Other current liabilities 1,350 974
Total current liabilities 7,160 6,200
Deferred underwriting fee 4,554 4,554
Warrant liabilities 0 864
Convertible debt, long-term 801 0
Other non-current liabilities 320 366
Total liabilities 12,835 11,984
Commitments and contingencies (Note 13)
Temporary Equity, Carrying Amount, Attributable to Parent 30,541 36,467
Common shares, no par value; unlimited shares authorized, 11,423,310 and 9,804,609 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 462,226 456,402
Accumulated other comprehensive loss (1,804) (1,799)
Accumulated deficit (432,297) (419,732)
Total Sphere 3D Corp. shareholders’ equity 28,125 34,871
Non-controlling interest (223) (306)
Total shareholders’ equity 27,902 34,565
Total liabilities, temporary equity, and shareholders’ equity 71,278 83,016
Series H Preferred Stock    
Temporary Equity, Carrying Amount, Attributable to Parent 22,049 26,469
Redeemable Noncontrolling Interest    
Temporary Equity, Carrying Amount, Attributable to Parent $ 8,492 $ 9,998