Accounts Receivable, net

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Accounts Receivable, net

3. Accounts Receivable, net

Accounts receivables consist of the following at:

(Dollars in thousands)	September 30, 2024			December 31, 2023
Data hosting	$	1,750		$	2,456
Related party receivable		-			8
Demand response service receivable		631			268
Proprietary mining Coinbase receivable		31			216
Other		244			-
		2,656			2,948
Less: Allowance for expected credit losses		(611	)		-
	$	2,045		$	2,948

The Company’s allowance for expected credit loss was $611 thousand as of September 30, 2024 and $0 as of December 31, 2023. In the nine months ended September 30, 2024, one of the Company’s borrowers from a note receivable were having financial difficulty and securing financing, as such the Company fully reserved the note balance and incurred a provision on credit loss of approximately $244 thousand. The Company increased its reserve by $367 thousand due to an unresolved pricing dispute with a Bitcoin hosting customer.