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Consolidated Statements Of Cash Flows
$ in Thousands
6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Cash flows from Operating Activities:    
Net income $ 122 $ 2,075
Adjustments to reconcile net income to net cash (used in) operating activities:    
Amortization of deferred financing costs 808 515
Accretion to contingent earn-out liability   142
Depreciation and amortization 5,939 6,295
Loss on Series A Preferred Share PIPE Issuance   9,213
Non-cash share-based compensation 2,625 1,997
Purchase of services in cryptocurrencies 806 432
Deferred taxes 7 (867)
Loss on lease termination   1,201
Write-off of deferred financing costs 3,136  
Loss on disposal of property and equipment 38 255
Reduction in carrying amount of right-of-use assets 227 49
Cryptocurrency received as payment (792) (288)
Other 168  
Change in operating assets and liabilities:    
Deposits (287)  
Accounts receivable (72) (870)
Cryptocurrencies 219 (438)
Prepaid expenses and other current assets (3,385) (978)
Accounts payable 2,135 (125)
Accrued expenses and other current liabilities 207 8,331
Income taxes payable 328 (268)
Derivative liabilities   6
Other non-income tax payable (62)  
Tax receivable agreement liability 0  
Deferred revenue (283) 4
Operating leases, net (409) (82)
Net Cash Flows Provided by Operations 11,475 26,599
Cash flows from Investing Activities:    
Acquisition of property and equipment (3,068) (18)
Acquisition of BTC investments (122)  
Net Cash Flows Used In Investing Activities (3,190) (18)
Cash flows from Financing Activities:    
Net Proceeds from Merger   3,343
PIPE commitment fees paid   (583)
Proceeds from issuance of note payable 20,405  
Principal payments on notes payable (2,436) (18,926)
Principal payments on finance lease (4,193) (6,701)
Payment of deferred financing costs (19) (1,149)
Purchase of treasury stock (158)  
Distributions (7,748) (12,711)
Net Cash Flows Provided by (Used In) Financing Activities 5,851 (36,727)
Effect of exchange rate changed on cash and cash equivalents 47 21
Net change in cash and cash equivalents 14,183 (10,125)
Cash and cash equivalents - beginning of period 29,759 37,540
Cash and cash equivalents - end of period 43,942 27,415
Cash paid during the six months ended June 30 for:    
Interest 4,178 7,036
Income taxes 3,427 $ 2,212
Noncash Investing and Financing Items [Abstract]    
Proceeds from the issuance of term loan 15,200  
Issuance of term loan net of fees paid 500  
Old Term Loan [Member]    
Noncash Investing and Financing Items [Abstract]    
Debt instrument, face amount 19,900  
New Term Loan [Member]    
Noncash Investing and Financing Items [Abstract]    
Debt instrument, face amount $ 35,600