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SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Text Block Supplement [Abstract]  
Schedule of additional prepaid expenses

The following table provides additional details of Prepaid expenses:

$ in thousands

 

December 31, 2021

 

 

December 31, 2020

 

Prepaid Insurance

 

$

7,266

 

 

$

89

 

Other prepaid expenses

 

 

1,880

 

 

 

66

 

Prepaid expenses

 

$

9,146

 

 

$

155

 

Summary of noncash investing and financing activities

The Company had the following noncash investing and financing activities during the years ended December 31:

 

$ in thousands

 

2021

 

 

2020

 

Shares issued to Support.com shareholders upon Merger (Notes 3 and 11)

 

$

93,885

 

 

$

-

 

Stock issued to purchase miners

 

$

991

 

 

$

-

 

Contribution of Preferred Units, Senior Priority Units, and notes payable to related
   party for Greenidge class B common stock (Note 11)

 

$

72,048

 

 

$

-

 

Issuance of shares for investor fee associated with successful completion of Merger (Notes 4 and 11)

 

$

17,826

 

 

$

-

 

Issuance of warrants to advisor in connection with completion of Merger (Note 4 and 11)

 

$

8,779

 

 

$

-

 

Property and equipment purchases financed with note payable

 

$

-

 

 

$

4,910

 

Property and equipment purchases in accounts payable

 

$

2,769

 

 

$

1,120

 

Property and equipment purchased with digital assets

 

$

-

 

 

$

787

 

Notes payable principal and interest converted to members' equity

 

$

-

 

 

$

13,926

 

Deemed distribution of GC preferred units

 

$

-

 

 

$

1,276

 

Contribution of GC preferred units

 

$

-

 

 

$

15,000

 

Summary of supplemental cash flow information

The following table provides supplemental cash flow information for cash paid for interest and taxes for the years ended December 31:

 

$ in thousands

 

2021

 

 

2020

 

Cash paid for interest

 

$

2,385

 

 

$

85

 

Cash paid for taxes

 

$

80

 

 

$

-