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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net loss $ (24,533) $ (83)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,666 406
(Gain)/ loss on sale of mining equipment 7 (14)
Realized gain on sale of digital assets (88) (14)
Equity in earnings of equity method investment 56 (1)
Change in fair value of accrued issuable equity 27
Issuance of shares in exchange for services 1,883
Merger Charges 22,004
Debt Restructuring expense 2,000
Changes in assets and liabilities:    
Digital assets (5,864) (519)
Related party receivable 17 (14)
Prepaid assets and other current assets 167  
Accounts receivables and other current assets 4,182 (3)
Accounts payable (2,938) 3
Accrued liabilities 285 (56)
Net cash used in operating activities (1,129) (295)
Cash Flows from Investing Activities    
Proceeds from sale of digital assets 3,331 231
Reverse acquisition of Sysorex business 28
Purchase of mining equipment (50) (18)
Proceeds from sale of mining equipment 47 79
Distributions received from Up North Hosting   12
Investments in Up North (100) 5
Net cash provided by investing activities 3,256 309
Cash Flows from Financing Activities    
Repayment of loans (2,195) (30)
Payment of subscription receivable 100
Net cash used in financing activities (2,095) (30)
Net increase (decrease) in cash and cash equivalents 32 (16)
Cash and cash equivalents at beginning of period 67 34
Cash and cash equivalents at end of period 99 18
Cash paid for:    
Interest 126
Income taxes
Supplemental disclosure of noncash investing and financing activities:    
Sysorex recapitalization 19,401
Payments of short-term borrowing with digital assets 1,019
Distribution of digital assets to stockholders’ 1,521 301
Equipment acquired in exchange for equity 12,000
Equipment acquired through lease purchase arrangement 2,130
Settlement of loan with mining equipment $ 75