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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 2,355 $ 5,724 $ 13,967 $ 14,216
Sales and marketing 0 217 0 768
Research and development 0 362 0 859
General and administrative 3,032 3,399 9,470 10,504
Depreciation and amortization 1,737 2,028 5,374 4,428
Impairment of acquired intangible assets 0 1,231 0 1,231
Impairment of property and equipment 0 0 860 0
Loss on disposal of property and equipment 0 315 691 566
Change in fair value of Bitcoin 8 0 (695) 0
Realized gain on sale of Bitcoin 0 (136) 0 (908)
Impairment of Bitcoin 0 199 0 549
Total operating expenses 7,508 12,128 26,697 29,056
Loss from operations (5,153) (6,404) (12,730) (14,840)
Other income (expense):        
Unrealized (loss) gain on investment in equity securities (446) 0 4,093 0
Other income, net 5,775 100 6,462 1,464
Interest expense 0 (10) 0 (1,183)
Net income (loss) before taxes 176 (6,314) (2,175) (14,559)
Provision for income taxes 72 0 74 4
Net income (loss) 104 (6,314) (2,249) (14,563)
Less: Non-controlling interest - (loss) income 0 (7) 0 76
Net income (loss) available to common shareholders $ 104 $ (6,307) $ (2,249) $ (14,639)
Net income (loss) per share:        
Net income (loss) per share, basic (in USD per share) $ 0.01 $ (0.50) $ (0.12) $ (1.29)
Net income (loss) per share, diluted (in USD per share) $ 0.005 $ (0.50) $ (0.12) $ (1.29)
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Basic (in shares) 20,733,022 12,653,413 18,681,399 11,340,973
Diluted (in shares) 22,323,306 12,653,413 18,681,399 11,340,973
Bitcoin        
Revenue $ 2,355 $ 5,102 $ 13,967 $ 12,592
Cost of revenue 2,731 4,292 10,997 10,331
Service and product [Member]        
Revenue 0 622 0 1,624
Cost of revenue $ 0 $ 221 $ 0 $ 728