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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 106,264 $ 112,974
Accounts receivable, net of allowance for credit losses of $239 and $166 as of June 30, 2025 and December 31, 2024, respectively 379 276
Digital currencies 108 103
Prepaid expenses and other current assets 456 406
Total current assets 107,207 113,759
Non-current assets:    
Property and equipment, net 16 24
Right-of-use asset, net 699 840
Other assets 158 158
Total non-current assets 873 1,022
Total assets 108,080 114,781
Current liabilities:    
Accounts payable 3,573 3,754
Accrued expenses 176 148
Deferred revenue 885 1,034
Lease liability 327 313
PhunCoin subscription payable 1,202 1,202
Total current liabilities 6,163 6,451
Deferred revenue 864 528
Lease liability 453 619
Total noncurrent liabilities 1,317 1,147
Total liabilities 7,480 7,598
Commitments and contingencies (see Note 7)
Stockholders' equity (deficit)    
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 20,183,043 shares issued and 20,172,913 shares outstanding as of June 30, 2025 and 20,166,665 shares issued and 20,156,535 shares outstanding as of December 31, 2024 2 2
Treasury stock (502) (502)
Additional paid-in capital 421,287 421,003
Accumulated deficit (320,187) (313,320)
Total stockholders' equity 100,600 107,183
Total liabilities and stockholders' equity $ 108,080 $ 114,781