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Debt, Related Parties (Details) - Schedule of debt - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Short-Term Debt    
Loan from shareholder $ 75
First Choice Promissory Note Payable [1] 1,070
CoreWeave Inc. Purchase order – GH Hardware [2] 1,156
Total Short-Term Debt $ 2,226 $ 75
[1] First Choice Promissory Note Payable On March 19, 2021, the Company, Systat and First Choice International Company, Inc. (“Lender”) entered into a Letter Agreement (“Letter Agreement”), providing for the advance payment by the Lender of $2.0 million (“Advance”) to Systat on behalf of the Company. Please see Note 15 Subsequent Events, regarding satisfaction and repayment of the debt in full on July 8, 2021.
[2] CoreWeave, Inc. Purchase Order- GH Hardware The Company acquired 1,344 GPU data mining equipment with 125 gigahash of computing power in a lease to buy arrangement with a stated contract price per gigahash. The Company agreed to total payments of $2.2 million over 180 days subject to acceleration based on the completion of certain corporate events. Revenue generated by operation of the equipment from April 1, 2021, shall be credited against the purchase price until payment of the balance of the purchase price. The Company has determined that the fair value of the installment payments is $2.13 million and will record $0.07 million in financing interest costs for the aggregate $2.2 million in total payments. The Company recognized approximately $0.04 million of such interest expense during the three and six months ended June 30, 2021. Please see Note 15 Subsequent Events, regarding satisfaction and repayment of the debt in full on July 21, 2021.