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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2023
Operating Activities          
Net loss $ (2,544) $ (4,997) $ (9,257) $ (7,432)  
Adjustments to reconcile net loss to net cash provided by (used in) by operating activities:          
Depreciation expense 1,554     632  
Amortization expense 2,372     2,369  
Stock-based compensation 661     879  
Deferred income taxes (548)     (547)  
Impairment on fixed assets 130     209  
Amortization of operating lease asset 61     56  
Loss (gain) on debt extinguishment and revaluation, net 3,097     (473)  
Amortization on deferred financing costs and discount on notes 7     501  
Loss on sale of fixed assets 1     78  
Changes in operating assets and liabilities:          
Accounts receivable (1,480)     41  
Prepaid expenses and other current assets (138)     (26)  
Other long-term assets 1     (300)  
Accounts payable 430     1,368  
Deferred revenue     (453)  
Operating lease liabilities (61)     (54)  
Other liabilities and customer deposits (192)     104  
Accrued liabilities 499     (5)  
Net cash provided by (used in) operating activities 3,850     (3,053)  
Investing Activities          
Purchases of property, plant, and equipment (524)     (860)  
Purchases of intangible assets (38)     (24)  
Proceeds from disposal on property, plant, and equipment 78     249  
Deposits of equipment, net (343)     200  
Net cash used in investing activities (827)     (435)  
Financing Activities          
Proceeds from common stock warrant exercises 300      
Proceeds from common stock securities purchase agreement offering     41  
Proceeds from notes and debt issuance     900  
Payments on Navitas loan (616)      
Costs of common stock securities purchase agreement offering     (4)  
Payments on NYDIG loans and line of credit     (215) $ (350)
Contributions from non-controlling interest     5,991  
Distributions to non-controlling interest (1,680)      
Net cash (used in) provided by financing activities (1,996)     6,713  
Increase in cash & restricted cash 1,027     3,225  
Cash & restricted cash – beginning of period 10,367   $ 5,046 1,821 1,821
Cash & restricted cash – end of period 11,394 $ 10,367   5,046 $ 10,367
Supplemental Disclosure of Cash Flow Information          
Interest paid on NYDIG loans and line of credit 115     6  
Interest paid on Navitas loan 57      
Warrant consideration in relation to convertible notes and revaluation 4,333      
Notes converted to common stock 1,023     1,394  
Noncash membership distribution accrual 1,069      
Noncash disposal of NYDIG collateralized equipment     3,388  
Promissory note and interest conversion to common shares     401  
Noncash non-controlling interest contributions     2,767  
Noncash activity right-of-use assets obtained in exchange for lease obligations     397  
Series B preferred dividend in accrued expense     $ (131)