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SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION
 9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION
Contract liabilities
At times, we receive payments from customers before revenue is recognized, resulting in the recognition of a contract liability presented on the Condensed Consolidated Balance Sheets.
Changes in the Contract liability balance for the nine months ended September 30, 2024 are as follows:
$ in thousandsContract Liabilities
Balance as of December 31, 2023
$— 
Revenue recognized$— 
Deposits received$2,200 
Balance as of September 30, 2024
$2,200 
Prepaid expenses and accrued expenses
$ in thousandsSeptember 30, 2024December 31, 2023
Prepaid expenses:
Electric deposits$588 $— 
Prepaid insurance315 2,818 
Warrant asset57 477 
Other 816 569 
Total$1,776 $3,864 
Accrued expenses:
Accrued interest$1,026 $1,026 
Other3,145 5,090 
Total$4,171 $6,116 
Greenidge had the following noncash investing and financing activities:
Nine Months Ended September 30,
$ in thousands20242023
Cumulative-effect adjustment due to the adoption of ASU 2023-08$22 $— 
Property and equipment purchases in accounts payable$174 $1,581 
Common stock issued for amendment fee to lender$— $1,000 
Sale of equipment in exchange for receivable$1,200 $— 
Exchange of assets for reduction in debt$— $49,950 
Exchange of coupons for reduction in debt$— $1,152 
Exchange of equipment deposits for reduction in debt$— $7,381 
Accrued interest added to debt principal$— $592 
Right-of-use asset obtained in exchange for operating lease liability$156 $— 
The following table provides supplemental cash flow information for cash paid for interest:
Nine Months Ended September 30,
$ in thousands20242023
Cash paid for interest
$4,603 $5,714