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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net loss from continuing operations $ (3,669) $ (234)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 601
Stock-based compensation expense 166
Amortization of right of use asset 62
Realized gain on sale of digital assets (1,107) (87)
Loss on extinguishment of debt 549
Change in fair value of debt conversion feature 838
Gain on settlement of vendor liabilities (1,533)
Impairment of digital assets 1,236
Issuance of shares in exchange for services 240
Changes in assets and liabilities:    
Digital assets – mining net of pool fees (611)
Prepaid assets and other current assets 390
Accounts receivable and other receivables 1,470
Accounts payable (1,554) 164
Accrued liabilities and other current liabilities (282)
Net cash used in operating activities- continuing operations (3,204) (157)
Net cash used in operating activities – discontinued operations (626) (47)
Net cash used in operating activities (3,830) (204)
Cash Flows from Investing Activities    
Proceeds from sale of digital assets 5,709 251
Pre-funded right in Ostendo (1,600)
Net cash provided by investing activities -continuing operations 4,109 251
Net cash provided by investing activities – discontinued operations 47
Net cash provided by investing activities 4,109 298
Cash Flows from Financing Activities    
Payment of subscription receivable 100
Net cash provided by financing activities- continuing operations 100
Net cash provided by financing activities – discontinued operations
Net cash provided by financing activities 100
Net increase in cash and cash equivalents 279 194
Cash and cash equivalents at beginning of period 659 67
Cash and cash equivalents at end of period 938 261
Cash paid for:    
Interest 932
Income taxes
Supplemental disclosure of noncash investing and financing activities:    
Conversion of debt to equity 2,909
Settlement of loan with mining equipment 75
Digital assets received for members interest 46
Distributions of digital assets to members 1,521
Reclassification of equity contracts to liabilities $ 314