Variable Interest Entities and Voting Interest Entities (Tables)

3 Months Ended

Mar. 31, 2025

DVSL ComputeCo, LLC [Member]

Schedule of Variable Interest Entities of Assets and Liabilities

The carrying amount of the assets and liabilities was as follows for DVSL:

(Dollars in thousands)	March 31, 2025		December 31, 2024
Current assets:
Cash and restricted cash	$	2,515	$	2,598
Accounts receivable, net		883		481
Other receivable, related party		1,079		1,090
Prepaids and other current assets		69		34
Total current assets		4,546		4,203
Other assets- long term, related party		2,452		2,452
Operating lease right-of-use assets		42		42
Property, plant, and equipment		12,730		12,744
Total assets	$	19,770	$	19,441
Current liabilities:
Due to intercompany	$	15	$	51
Accrued expense		1,788		1,608
Customer deposits-current		899		296
Operating lease liability		4		4
Total current liabilities		2,706		1,959
Operating lease liability		38		39
Other liabilities, related party		291		275
Total liabilities	$	3,035	$	2,273

DV Compute Co LLC [Member]

Schedule of Variable Interest Entities of Assets and Liabilities

The carrying amount of the VIE’s assets and liabilities was as follows for DVCC:

(Dollars in thousands)	March 31, 2025		December 31, 2024
Current assets:
Cash and restricted cash	$	1,465	$	2,057
Accounts receivable		12		37
Prepaids and other current assets		83		49
Other receivable, related party		1,978		1,692
Total current assets		3,538		3,835
Other assets- long term, related party		2,452		2,452
Operating lease right-of-use assets		42		42
Property, plant, and equipment, net		16,697		17,774
Total assets	$	22,729	$	24,103
Current liabilities:
Due to intercompany	$	1,489	$	1,475
Accrued expense		894		1,392
Operating lease liability		4		4
Current portion of debt		-		137
Total current liabilities		2,387		3,008
Operating lease liability		38		39
Total liabilities	$	2,425	$	3,047

Compute Co [Member]

Schedule of Variable Interest Entities of Assets and Liabilities

The carrying amount of the assets and liabilities was as follows for ComputeCo:

(Dollars in thousands)	March 31, 2025		December 31, 2024
Current assets:
Cash and restricted cash	$	394	$	402
Accounts receivable, intercompany		2,868		2,868
Prepaids and other current assets		55		41
Other receivable, related party		3,344		3,370
Total current assets		6,661		6,681
Other assets- long term, related party		17,070		13,223
Operating lease right-of-use assets		80		82
Deposits on equipment		716		716
Total assets	$	24,527	$	20,702
Current liabilities:
Accounts payable, trade	$	21	$	-
Accounts payable, related party		3,463		3,598
Accrued expense		3		-
Due to intercompany		9		9
Operating lease liability		7		7
Total current liabilities		3,503		3,614
Operating lease liability		72		74
Total liabilities	$	3,575	$	3,668