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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES FROM OPERATIONS:    
Net loss $ (9,682) $ (9,512)
Adjustments to reconcile net loss from operations to net cash flow from operating activities:    
Depreciation 6,310 6,519
Change in fair value of warrant asset 0 420
Amortization of debt issuance costs (debt premium) (738) 529
Impairment of long-lived assets 0 169
Loss (gain) on sale of assets 355 (32)
Stock-based compensation expense 921 1,381
Revenues from digital assets production (8,461) (11,774)
Proceeds from sale of digital assets 0 11,141
Gain on digital assets (1,110) (48)
Gain on insurance proceeds (399) 0
Loss on liquidation of foreign subsidiary 348 0
Changes in operating assets and liabilities:    
Accounts receivable 258 173
Emissions and carbon offset credits 2,376 2,040
Prepaids and other assets 964 1,690
Income tax receivable (103) 0
Accounts payable (1,087) (1,311)
Accrued emissions 887 (7,040)
Accrued expenses (206) (1,387)
Contract liabilities (1,478) 0
Related party payable 1,621 380
Other (1,299) 165
Net cash flow used for operating activities (10,523) (6,497)
INVESTING ACTIVITIES FROM OPERATIONS:    
Purchases of and deposits for property and equipment (2,460) (4,105)
Proceeds from sale of assets 733 422
Proceeds from insurance claim 399 0
Proceeds from sale of digital assets 9,222 89
Net cash flow provided by (used for) investing activities 7,894 (3,594)
FINANCING ACTIVITIES FROM OPERATIONS:    
Proceeds from issuance of common stock, net of issuance costs 0 1,038
Proceeds from issuance of common stock and pre-funded warrants 0 6,000
Principal payments on debt (2,593) 0
Net cash flow (used for) provided by financing activities (2,593) 7,038
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (5,222) (3,053)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - beginning of year 8,619 13,312
CASH AND CASH EQUIVALENTS - end of period $ 3,397 $ 10,259