XML 30 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
CASH FLOW FROM OPERATING ACTIVITIES:        
Net loss $ (3,099) $ (2,466) $ (3,290) $ (8,475)
Adjustments to reconcile net loss to net cash flow from operating activities:        
Depreciation and amortization 5,531 3,227 4,564 1,679
Deferred income taxes (2,945) 0    
Amortization of debt issuance costs 54 0    
Accretion of asset retirement obligations 103 108 142  
(Loss) gain on sale of digital assets (159) (11) (123)  
Stock-based compensation expense 1,474 0    
Investor fee paid in common stock 17,826 0    
Advisor fee paid in warrants 8,779 0    
Loss on environmental trust liability 67 0    
Loss (gain) on environmental trust liability     230 (241)
Impairment loss on digital assets       100
Changes in operating assets and liabilities:        
Accounts receivable 272 (165) (380) 4
Emissions and carbon offset credits 107 (336)    
Prepaids and other assets (5,955) (965)    
Accounts payable (455) (1,062) (1,714) (164)
Accrued emissions (408) 941 1,675 407
Accrued expenses 5,315 1,506 397 (118)
Digital assets     (649) (369)
Fuel deposits     (644) 128
Prepaid expenses     (59) 38
Emissions credits     (1,364) (560)
Other assets     11 (10)
Natural gas payable     917 7
Accrued interest expense—related party     572 673
Deferred revenue     272  
Net cash flow from operating activities 26,666 788 557 (6,901)
CASH FLOW FROM INVESTING ACTIVITIES:        
Purchases of and deposits for property and equipment (65,757) (9,738) (4,596) (3,458)
Deposits on miner equipment     (5,959) (6,337)
Cash received in Merger 27,113 0    
Project deposit 0 436   41
Net cash flow from investing activities (38,644) (9,302) (10,555) (9,754)
CASH FLOW FROM FINANCING ACTIVITIES:        
Proceeds from issuance of  preferred stock, net of issuance costs 37,113 0    
Proceeds from stock options exercised 1,000 0    
Proceeds from warrants exercised 2,155 0    
Issuance costs associated with shares issued for Support acquisition (2,296) 0    
Proceeds from notes payable, net of issuance costs 25,112 0    
Principal payments on notes payable (4,440) 0 (273)  
Proceeds from finance lease obligations   0    
Repayments of capital lease obligations (569)      
Proceeds from sale of Greenidge Coin, LLC preferred units       15,000
Borrowings on notes payable—related party     3,573 12,700
Net cash flow provided by financing activities 58,075 0 3,300 27,700
CHANGE IN CASH AND CASH EQUIVALENTS 46,097 (8,514) (6,698) 11,045
CASH AND CASH EQUIVALENTS—beginning of year 5,052 11,750 11,750 705
CASH AND CASH EQUIVALENTS—end of year $ 51,149 $ 3,236 5,052 11,750
SUPPLEMENTAL DISCLOSURES: CASH PAID FOR INTEREST     85  
NON-CASH INVESTING AND FINANCING TRANSACTIONS:        
Miner deposits moved into property and equipment     6,337  
Project deposits moved into property and equipment     436  
Property and equipment purchases financed with note payable     4,910  
Property and equipment purchases in accounts payable     1,120 1,539
Property and equipment purchased with digital assets     787  
Initial recognition of asset retirement obligations       $ 2,135
Notes payable principal converted to members' equity     12,700  
Notes payable accrued interest converted to members' equity     1,226  
Deemed distribution of Greenidge Coin, LLC preferred units     1,276  
Contribution of Greenidge Coin, LLC preferred units     $ 15,000