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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net loss $ (9,512) $ (18,213)
Income from discontinued operations 31 382
Net loss from continuing operations (9,543) (18,595)
Adjustments to reconcile net loss from continuing operations to net cash flow from operating activities:    
Depreciation 6,519 6,985
Accrued interest added to principal 0 1,212
Change in fair value of warrant asset 420 0
Amortization of debt issuance costs 529 1,405
Impairment of long-lived assets 169 0
Gain on sale of assets (32) (1,752)
Gain on digital assets (48) 0
Stock-based compensation expense 1,381 1,049
Revenues from digital assets production (11,774) 0
Proceeds from sale of digital assets 11,141 0
Professional fees paid in common stock 0 250
Changes in operating assets and liabilities:    
Accounts receivable 173 2,519
Emissions and carbon offset credits 2,040 (337)
Digital assets 0 348
Prepaids and other assets 1,690 2,689
Income tax receivable 0 (59)
Accounts payable (1,311) 2,101
Accrued emissions (7,040) 38
Accrued expenses (1,387) (3,285)
Related party payable 380 0
Other 337 2,674
Net cash flow used for operating activities from continuing operations (6,356) (2,758)
INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of and deposits for property and equipment (4,105) (7,033)
Proceeds from sale of assets 422 592
Proceeds from sale of digital assets 89 0
Net cash flow used for investing activities from continuing operations (3,594) (6,441)
FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from issuance of common stock, net of issuance costs 1,038 11,165
Proceeds from issuance of common stock and pre-funded warrants 6,000 0
Principal payments on debt 0 (5,304)
Net cash flow provided by financing activities from continuing operations 7,038 5,861
Discontinued Operations:    
Net cash flow from operating activities of discontinued operations (141) 159
Net cash flow from investing activities of discontinued operations 0 3,325
Increase (decrease) in cash and cash equivalents from discontinued operations (141) 3,484
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (3,053) 146
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - beginning of year 13,312 15,217
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - end of period $ 10,259 $ 15,363