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Note 16 - Subsequent Events
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Subsequent Events [Text Block]

NOTE 16. SUBSEQUENT EVENTS

 

The Company has evaluated all subsequent events through May 15, 2026, the filing date of this Form 10-Q with the SEC, to ensure that this filing includes appropriate disclosure of events both recognized in the Unaudited Condensed Consolidated Financial Statements as of March 31, 2026, and events which occurred subsequently but were not recognized in the Unaudited Condensed Consolidated Financial Statements. Except as described below, there were no subsequent events which required recognition, adjustment to, or disclosure in, the Unaudited Condensed Consolidated Financial Statements.

 

At-the-Market Offering Program

 

Subsequent to March 31, 2026 and through May 14, 2026, the Company sold an aggregate of 398,367 shares of common stock under the ATM Program for aggregate gross proceeds of approximately $638 thousand and net proceeds of approximately $628 thousand, after deducting sales agent commissions and other offering costs. As of May 14, 2026, approximately $85.7 million of common stock remained available for issuance under the ATM Program. See Note 8, “Financing Activities,” for additional information regarding the ATM Program.

 

Digital Asset Purchases

 

Subsequent to March 31, 2026 and through May 14, 2026, the Company purchased an aggregate of approximately 86.5 million SKY tokens on digital asset exchanges for an aggregate cost of approximately $6.5 million. As of May 14, 2026, the Company held approximately 2.26 billion SKY tokens.