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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities:    
Net loss $ (8,782) $ (22,031)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency (16) (36)
Depreciation 51 346
Amortization 1,671 3,370
Non-cash lease expense 155 128
Inventory step up amortization 179 0
Stock-based compensation 4,892 6,291
(Gain) Loss on extinguishment of debt and accounts payable (4,459) 1,732
Loss on settlement of accounts payable 551 0
Interest Income (387) 0
Non-cash interest expense 3,663 1,561
Amortization of debt discount 2,503 3,358
Common stock issued to lender in connection with entering Equity Line of Credit Agreement 0 368
Change in fair value of convertible notes (6,629) 316
Change in fair value of digital assets (125) 0
Warrants issued to service providers and warrant issuance expense 0 1,116
Loss on exchange of warrants for equity 0 358
Change in fair value of earnout 0 (1,300)
Change in fair value of derivatives 1,949 755
Change in fair value of warrants (993) (3,246)
Changes in operating assets and liabilities    
Accounts receivable (335) (124)
Inventories 763 173
Prepaid expenses and other current assets 47 374
Vendor deposits (37) 46
Deferred offering costs 0 (11)
Accounts payable (310) 298
Accrued expenses and other current liabilities 87 1,263
Deferred revenue (15) (131)
Operating lease liabilities (166) (134)
Net cash used in operating activities (5,743) (5,160)
Cash Flows From Investing Activities:    
Loan to Sportstech (4,325) 0
Loan to Wattbike (1,200) 0
Acquisition of digital assets (45,000) 0
Acquisition of business, cash paid, net of cash acquired 0 (1,447)
Acquisition of software and content (442) 40
Net cash used in investing activities (50,967) (1,407)
Cash Flows From Financing Activities:    
Payments of loans 0 (745)
Proceeds from loans 1,800 1,280
Proceeds from issuance of related party loans 0 400
Payments of related party loans 0 (427)
Proceeds from issuance of common stock upon offering, net of offering costs 0 809
Payments of offering costs (225) (74)
Redemption on convertible notes 0 (212)
Proceeds from issuance of convertible notes, net of issuance costs 52,636 4,756
Proceeds from issuance of common stock from At the Market Offering, net of issuance costs 1,594 405
Proceeds from exercise of incremental warrants and issuance of convertible notes, net of issuance costs 3,499 0
Proceeds from the exercise of warrants 0 92
Proceeds from the issuance of common stock from equity line of credit 0 389
Net cash provided by financing activities 59,304 6,673
Effect of exchange rate on cash 100 50
Net Change In Cash and Cash Equivalents and Restricted Cash 2,694 156
Cash and restricted cash at beginning of the period 138 0
Cash and restricted cash at end of period 2,832 156
Supplemental Disclosure Of Cash Flow Information:    
Cash paid for interest 88 0
Non-Cash Investing and Financing Information:    
Property & equipment in accounts payable 18 18
Inventories in accounts payable and accrued expenses 197 739
Issuance of common stock and series B preferred stock for the acquisition of business 0 3,969
Issuance and offering costs in accounts payable and accrued expenses 43 407
Issuance of preferred stock through conversion of debt 0 12,453
Gain on extinguishment of debt with related party 279 0
Issuance of common stock upon conversion of convertible notes 10,022 1,949
Issuance of Series C Preferred Stock upon settlement of loss restoration agreement 3,127 0
Exercise and exchange of stock warrants 0 480
Issuance of common stock from convertible notes and conversion of debt 0 547
Issuance of warrants with convertible notes 1,580 0
Issuance of embedded derivatives with convertible notes 2,104 0
Stock-based compensation capitalized in intangible asset and other assets 481 155
Series A Preferred Stock [Member]    
Non-Cash Investing and Financing Information:    
Dividends Paid in Kind 483 0
Series C Preferred Stock [Member]    
Non-Cash Investing and Financing Information:    
Dividends Paid in Kind $ 390 $ 0