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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net loss from continuing operations $ (10,092) $ (28,658)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 288 124
Stock-based compensation expense 111  
Amortization of right of use asset 83  
Realized gain on sale of digital assets (1,271) (88)
Loss on extinguishment of debt 1,444  
Change in fair value of debt conversion feature 2,706 27
Gain on settlement of vendor liabilities (1,533)  
Impairment of digital assets 2,423  
Issuance of shares in exchange for services 240 1,883
Merger charges   22,004
Debt restructuring expense   2,000
Change in fair value of share derivative liability 38  
Changes in assets and liabilities:    
Prepaid assets and other current assets 546 167
Accounts receivable and other receivables 818 4,182
Accounts payable (1,094) (2,938)
Accrued liabilities and other current liabilities 834 285
Operating lease liability 8  
Net cash provided by operating activities – continuing operations (4,451) (1,012)
Net cash (used in) provided by operating activities – discontinued operations (1,191) (117)
Net cash used in operating activities (5,642) (1,129)
Cash Flows from Investing Activities    
Proceeds from sale of digital assets 6,955 3,331
Reverse acquisition of Sysorex business   28
Pre-funded right in Ostendo (1,600)  
Net cash provided by investing activities -continuing operations 5,355 3,359
Net cash provided by (used in) investing activities – discontinued operations (103)
Net cash provided by investing activities 5,355 3,256
Cash Flows from Financing Activities    
Repayment of loans   (2,195)
Payment of subscription receivable 100
Net cash provided by (used in) financing activities- continuing operations (2,095)
Net cash provided by financing activities – discontinued operations  
Net cash provided by (used in) financing activities   (2,095)
Net (decrease) in cash and cash equivalents (287) 32
Cash and cash equivalents at beginning of period 659 67
Cash and cash equivalents at end of period 372 99
Cash paid for:    
Interest 989  
Income taxes 126
Supplemental disclosure of noncash investing and financing activities:    
Conversion of debt to equity 7,042  
Settlement of loan with mining equipment 75
Sysorex recapitalization   19,401
Distributions of digital assets to members $ 1,521
Reclassification of equity contracts to liabilities 314  
Settlement of share derivative liability $ 5