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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 552,403 $ 7,670
Net income from discontinued operations, net of taxes 0 (11,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense related to employee and director stock awards 25 2
Unrealized gain on digital assets (22,674) 0
Non-cash loss on fair value of warrant liabilities in excess of proceeds at issuance 5,302,617 0
Non-cash gain on changes in fair value of warrant liabilities (5,837,607) (0)
Non-cash right-of-use amortization 0 53
Impairment of long-lived assets 0 589
Amortization of debt discounts on convertible notes 3 26
Deferred income taxes 3,461 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 69 (299)
Other assets (76) 3
Accounts payable and accrued liabilities 2,510 1,698
Operating lease liabilities (72) (66)
Net cash used in operating activities, continuing operations (1,804) (1,324)
Investing activities:    
Purchases of SKY tokens (76,918) 0
Proceeds from redemption of stablecoins 51,000 0
Net cash used in investing activities, continuing operations (25,918) 0
Financing activities:    
Proceeds from sale of pre-funded warrants in private placement 25,001 0
Proceeds from warrant exercises 292 614
Repayment of bridge loan 0 (507)
Payments on warrants purchase 0 (1,815)
Net cash provided by (used in) financing activities, continuing operations 38,337 (1,708)
Net increase (decrease) in cash, cash equivalents, and restricted cash, continuing operations 10,615 (3,032)
Net increase in cash and cash equivalents, discontinued operations 0 11,069
Net decrease in cash, cash equivalents and restricted cash, consolidated 10,615 8,037
Cash, cash equivalents and restricted cash, beginning of period 8,225 907
Cash, cash equivalents and restricted cash of continuing operations, end of period 18,840 8,944
Supplemental disclosure of cash flow information:    
Interest paid 0 8
Digital assets and stablecoins received in exchange for pre-funded warrants 109,031 0
Conversions of preferred stock to common stock 6 0
Conversion of Unsecured Convertible Notes to common stock 128 0
Series F Preferred Stock [Member]    
Financing activities:    
Payment on redemption of Series F Preferred Stock (350) 0
Warrants and Pre-funded Warrants [Member]    
Financing activities:    
Proceeds from warrant exercises 292 614
At the Market Offering Agreement [Member]    
Financing activities:    
Proceeds from issuance of common stock in at the market offering, net 13,394 0
Warrant Liability [Member]    
Supplemental disclosure of cash flow information:    
Warrant liabilities transferred to equity 204,398 0
SKY Tokens [Member]    
Adjustments to reconcile net loss to net cash used in operating activities:    
Staking rewards earned in SKY tokens (2,463) $ 0
Unrealized gain on digital assets $ (22,700)